Is using the automated AI trading algorithms for investment and making profit halal? Im looking at using it with crypto. Im not really sure how this exactly works. Can anyone explain/elaborate? Is it halal? If not, can it be used in a specific way to be considered halal?
Assalaamu alaykum,
When using trading algorithms, its important to ensure that the parameters of the algorithms are Shariah compliant. As long as the rules that the algorithm can execute align with Sharia principles, it is acceptable to use algorithms.
Allah knows best
Thank you for your response. I really appreciate it. But how can I know if all the parameters are shariah compliant. Are there specific known or common parameters that I could look at for shariah compliance? At least some guidance because Im not really very versed with the details of this technology.