Question No: 159787
Title:Order to invest in cryptocurrency (bitcoin or any digital currency)
Question:My question is that nowadays there is a currency cryptocurrency currency in which you can make a profit by investing less money, there is no chance of loss, you just invest money and don't do anything. Keep earning, so is this job right? Because it is also stated in the hadeeth that the work which has both loss and profit is correct, so is the work with currency valid or not? And tell it according to the hadith. The answer will be given a little sooner. Thanks.
Answer No: 159787
In The Name of Allah, The Most Beneficent, The Most Merciful
Fatwa: 692-617 / N = 7/1439
Cryptocurrency (bitcoin, etc.) is a fictitious currency and its title is just a show like ivory, and in the light of the interpretations of the jurists, this currency is not a Shari'ah property, nor is it a common denominator. Also, in this business, there is in fact no seller, etc., nor are there any shar'i conditions for the legitimacy of the sale. In fact, it is a form of interest and gambling like Forex trading. Therefore, trading on the net in the form of buying and selling cryptocurrency (bitcoin or any digital currency) is not legal, Muslims should not participate in it.
Allaah said (interpretation of the meaning): alkmr ualmysr (Musnad Ahmad llإmam , 2: 351, the Hadith: 6511), e )ula tأklua أmualkm bynkm balbatl( balhram, the balrba, ualqmar, ualgsb ualsrqة (books Ma'alem Tanzil 2: 50), lawn alqmar the Moon who yzdad Tartu وینقص أخریٰ۔ Gambling in the name of gambling For every one of the narrators from whom it is permissible to offer wealth to the owner, and to use the property to the owner, it is haraam in the text
And Allaah knows best
Darul Iftaa, Darul Uloom Deoband