Selling crypto at a high price and then buying back?

Investment Questions and Chats Crypto
#1

Please note that we don’t screen tokens on this forum. We have our IFG Halal Crypto List (https://www.islamicfinanceguru.com/crypto/), where we share our own sharia screening of the top 50 cryptocurrencies. Check it out!

Asalamualaikum…

I’m wondering if it’s permissible to sell Cryptocurrency at a high price and then re-purchase once the price has fallen at a cheaper price?

I’m sure someone else has asked this in the past so apologies for the question again.

Jazakhalah Khairan.

#2

Wasalam

May Allah bless you.

Yes you can do that as longer there was a true transfer of cryptos each time between the seller and the buyer.

And Allah knows best!

#3

Ok many thanks Mufti.