EnchantedSky
Fri Jun 07 2024
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5 answers
953
Is cryptocurrency halal in UAE?｜. There has been some discussion amongst Muslim scholars around the use of cryptocurrencies for illegal activities such as gambling, drugs, and money laundering. As long as there is no illegal activity, then trading or investing in crypto should not be deemed to be contrary to Shariah principles
Could you please clarify the position of the UAE regarding the legality of cryptocurrency? It seems that there's been some debate among Muslim scholars about whether the use of cryptocurrencies for unethical or illegal purposes, like gambling, drug trafficking, and money laundering, is permissible. However, it's also been suggested that as long as no illegal activities are involved, engaging in crypto trading or investment should not be considered as violating Shariah principles. Could you elaborate on this?
