Salamu alaykum, Hope everyone reading this is staying safe in shaa Allah my question is : Is it sharia compliant totrade cryptocurrencies that are quoted against each other e.g BTC/ETH or BTC/XRP ?
Assalaamu alaykum,
It all depends on the Shariah compliant status of each token and the type of transaction.
wa alaykum salam, so as long as i trade shariah compliant tokens i am fine. jazakillah
@Mufti_Faraz_Adam Assalaamu alaykum, if the cryptocurrency is shariah compliant, on Binance can we buy and sell (trade) them on the same day or a few hours after? Its not like stocks where there is a settlement period and we would have to wait T+2 days?
Wasalam
May Allah bless you.
From a fiqh perspective, currently I don’t have a stance against, or in favour of trading cryptos on centralised exchanges, including on the matters related; such as day trading.
Allah knows best, and His knowledge is most wise and complete!
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