Post
Topic
Board Bitcoin Discussion
Re: How To Make Bitcoin Profit - Tell To Arab People - It Is Haram
by
CageMabok
on 20/10/2023, 08:44:42 UTC
Tell all arab people, also here in the forum, that Bitcoin trading is haram. So they will start to sell it and Bitcoin price will be lower. Then you can buy it, and after the time Bitcoin price will be higher again, so you can profit. Grin
As we know in Egypt, Islamic advisory body make the decree, that crypto, also Bitcoin is haram ( prohibited by Islamic law).
Egypt Islamic advisory decree: https://venturesafrica.com/why-is-morocco-walking-back-on-its-crypto-ban/

I have also made a study about the halal and haram of Bitcoin for a long time because I live in a Muslim-majority environment. However, after I studied it in depth and also asked the Islamic religious advisor here by giving quite logical and concrete examples, it turns out that Bitcoin is not haram even though it is not stated to be halal. Because what makes something haram is the wrong use according to each religion, so the religious leaders here put Bitcoin as a very neutral asset which is not said to be halal and is also not directly forbidden unless it is used for wrong work according to religious teachings.

This means that we all cannot forbid something without a clear reason because if someone buys Bitcoin and keeps it as an investment, I think that person is not wrong. Because most Muslims currently also keep gold as their own investment, this is not much different from Bitcoin investors today. Meanwhile, Bitcoin traders in the market are also like that, where they should not be blamed for no reason because they are only looking for a little profit like other traditional traders in the people's market.