TNT
SENIOR MEMBER
- Joined
- Jun 2, 2019
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The only thing holding many of us back is whether its halal or haram. Unfortunately, the scholars are divided on this issue.
Would be nice if the government religious body declares it halal or haram. It will make the country's poverty situation a lot better.
As far as i have researched, it is halal.
Two extremes of earnings are haram in Islam that is ribah (interest) and gambling. Ribah gives u profit without any risk and thus is haram. Gambling gives u large profit but also a chance of totally losing ur capital, thats also haram. Crypto is neither ribah nor gambling, thus its halal.
There is this coin NU. I had it since a couple of months worth around 1000$. I sold it with 30℅ profit but a few days ago it jumped more than 800℅. I am still furious with myself, why didn't i hold it for few more days.