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But not everyone is looking for a solution in the financial sector or any other industry where blockchain technology might play a significant role. It is interest rate that is strictly prohibited in islam but not trading. Bitcoin is halal under the laws of islam bitcoin can do a world of good all over the globe, and the technology powering the network offers a ton of potential. Halal or not halal the speculative nature of cryptocurrencies has triggered debate among islamic scholars over for a (islamqa ). Another reason this is not haram and is completely halal that there is no link to bitcoin with interest, in islam, the interest rate has been prohibited.
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There are some rules that consider bitcoin halal while others consider it haram.
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Bitcoin halal or bitcoin haram is a concept that is not going to be resolved easily. But the answer depends mostly on its intended use. Cryptocurrency halal or haram islamqa : Another reason this is not haram and is completely halal that there is no link to bitcoin with interest, in islam, the interest rate has been prohibited. So i would argue that cryptocurrency trading is allowed and permitted, but subject to the same restrictions as trading in any other financial.
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The use of bitcoin under islamic law has been a topic of. But again, there is no consensus that bitcoin is haram, and in islam, we always start with the islamic principle that things are considered permissible until proven otherwise. Everything you'd like to know about bitcoin in the world of islam…and more! Now, some scholars have given fatwas that bitcoin is haram and others say bitcoin is halal. Bitcoin halal or bitcoin haram is a concept that is not going to be resolved easily.
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