The question of whether crypto trading is considered "haram" (forbidden) in Islam is a matter of religious interpretation and has generated various opinions among Islamic scholars and financial experts.
Islamic finance principles emphasize the avoidance of excessive uncertainty or ambiguity (gharar) in financial transactions.
Another key prohibition in Islamic finance is the concept of riba, which is commonly understood as the prohibition of earning money from money with no value-added work.
Critics argue that some forms of crypto trading, especially those that rely on short-term price fluctuations, can resemble gambling more than legitimate investment, making them haram.
Traditional Islamic finance encourages investments in tangible assets or businesses with real economic activity.
Since cryptocurrencies are digital and lack physical presence or inherent value, some scholars argue that they don't meet the criteria for halal (permissible) investments.
It's important to note that not all Islamic scholars agree on these interpretations, and there is ongoing debate within the Muslim community regarding the permissibility of cryptocurrency trading.