In Islam, investments that involve excessive uncertainty (gharar) and gambling-like behavior are generally considered haram (forbidden).
Earning or paying interest is strictly prohibited in Islam. Some cryptocurrencies and trading platforms may involve interest through margin trading or lending arrangements.
Islamic finance principles emphasize transparency and honesty in transactions.
The permissibility of crypto trading may also depend on the intended use of the cryptocurrencies.
Islamic finance is not monolithic, and interpretations can vary among scholars and individuals.
Some may be more lenient toward crypto trading, while others may be stricter.