Crypto Question: Peer to peer cryptocurrency trading - is it halal to charge higher prices?

Investment Questions and Chats Crypto
#1

Assalamu Alaykum

Is it permissible to sell fiat for cryptocurrency? For example if I sell USDT for UAE dirhams? The rate for one dollar is AED 3.67.

Would it be halal to sell at a higher price? For example if I sell it at a rate of AED 3.70 for one USDT?

#2

Wasalam

May Allah bless you.

Yes it is permissible to trade cryptocurrency for fiat as longer as, the shariah rules regarding currency exchange are observed.

And Allah knows best!

#3

between us, are you more like Red or Yellow M&M?

2 Likes
#4

Jazakallah for the response.

#5

Definitely more like the red :grinning:

#6

lol always want to win eh?
May Allah increase you knowledge.

#7

Ya sheikh, how do i know if you give out the application for cryptocurrencies trade in Islam.

#8

Barakallah fik,

I did not understand your question sorry?

#9

Salaam. Reminder that you have not clarified the question. Is it resolved?