Crypto basics

Is crypto haram because it is so volatile?

Answered by the ShariaQuant team

Volatility on its own does not make something haram. Gold, property and equities all swing in price and none of them are prohibited for that reason. What fiqh prohibits is uncertainty inside the contract, not movement in the market price after you own the thing.

Gharar explained

This is Shariah screening and education, not financial advice. Rulings on newer products differ between scholars, so where a question is disputed we say so rather than pick a side for you. If your situation is unusual, ask your own scholar.

More on crypto basics

Is crypto halal?Is Bitcoin halal?Why do scholars disagree about whether crypto is halal?Is crypto considered real wealth (mal) in Islam?

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