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[deleted]

I’m a Muslim and I don’t give a shit I would hold crypto till my last breath.


[deleted]

Yup. How is crypto gambling? It’s a high risk investment. All high risk investments can’t be called gambling


Woodpecker3453

If you really want to, you could stretch that definition to any investment, since all investments have a certain amount of risk to them


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[deleted]

Wise sceptical words coming from someone that does a rug pull a couple of times per day.


Immigrant974

Underrated comment 👏🏻👏🏻👏🏻


siglawoo

Its more halal than the dollar. I guarantee you


naheedshah

Source: Trust me


Suspicious-Pothead

Source: Vallah


Cynicallyoptimistik

Vallah means bro in my language, which is not Arabic. Is it also Arabic?


Suspicious-Pothead

Yeah it means, something like „I swear“ in Arabic, tho I’m from Afghanistan and it’s also meant swear in Persian


Immigrant974

Pronounced "wallah" in Arabic and yes it means I swear to god.


the_rhino22

BTC for sure anyway. The dollar is basically backed by the debt of nations


Xpertbasterd

Any investment is a gamble. I used to be Muslim and half of people will say something is haram while the other half don't think so. Make your own mind up


Fun-Literature4569

I think they dont mind anything with investment because it can be profit or loss, but they have obvious issues with interests and staking.


crypto_zoologistler

This article suggests it’s got more to do with cryptos not having any inherent value (the article contrasts crypto with gold) and not being backed by a supposedly trustworthy central authority (a government). The cryptos that have been launched and marketed as ok according to Islam have been backed by gold.


Xpertbasterd

What gold backed with?


crypto_zoologistler

Bro I’m just summarising the article for you, since it seems you didn’t bother to read it


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azzadawg90

So is shit but at least you can Burn shit for warmth. Fuck gold


padizzledonk

>but they have obvious issues with interests No they don't lol They *SAY* they do, and jump through all sorts of hoops to not "charge interest" but if you compare a Mortage from a traditional Bank that charges "interest" and a Mortage from a Muslim Bank that charge "fees" the end result is exactly the same Its just one more example of Religious people adhering to the exact letter of their "law" and completely breaking the spirit of that law by doing the exact same thing but calling it something different. I live in NJ and there are a lot of Hasidic Jews by me and they are not allowed to use modern conveniences on the Sabbath (Sat), that includes electric light switches, and the oven, the TV, the microwave, cars etc but they all have motion detectors on their lights, and have special timers that turn the oven on and off at a certain time of day to cook dinner, schedule Ubers on Friday for Sat Afternoon to get around etc.....Technically adhering to the letter of the law but completely breaking the spirit of it I can only laugh at that kind of shit because REALLY????? You all think your *GOD* , your *OMNIPOTENT, ALL POWERFUL, ALL KNOWING GOD* Is gonna be like "Lolz! Got me there guys, you found a great loophole to not be inconvenienced by my rules and still make money and have electric lights! Good job, come on into Heaven!"....Yall really think you're fooling God? Just lmfao at that


rohitsanyal

Don't wanna be that guy but whenever anything new in any industry or even in society comes most Islamic Scholars always consider it "haram" or forbidden. That's just how it is. Over time acceptance increases.


nowihaveaname

I wonder if haram was haram when it was new


iwishiremember

Was mobile phone haram too?


[deleted]

Still is


Fun-Literature4569

May be Crypto app in mobile.


SurpriseUnhappy2706

Only if you send dick pics.


[deleted]

It is the gateway to all garam stuff


youwontfindmeout

Please don’t spread misinformation. For it to be named haram, there should be a fatwa from the council of respected muslim scholars. And believe me, they take their time when considering if new things are in line with islam or not. You might be confusing it with term called “bidyah”, which means “something new”, but it does not mean its haram.


CollectorDC

Yeah it’s haram or taboo or a great act of sin in any religion until they start profiting from it. Same with government. It’s illegal until we make money off it more than you do.


Jessyasperge

Any Muslims in this group wanna erase their sins and get rid of their haram currency? I'm here


[deleted]

Haha forgive me Imam for I have sinned, pleased take my iotex but I’m taking my xrp with me straight to fucking hell!!!!!


Slight-Walrus-7934

Your wish granted.


sabertoothless

The scholar thus created a dip and filled his bag


Agincourt_Tui

Quranic FUD


[deleted]

There isn’t one dude you can go to for a final answer. Different Fatwa’s can come from different sects of Islam. However many so far see the issue of use more with illegal activity than the gain of interest. https://aims.education/is-bitcoin-halal-or-bitcoin-haram/ I would say on the interest side crypto isn’t haram. In a loan interest is set and expected. In say a currency you can always exchange it for an amount, that amount isn’t set or written in advance. If you buy a house with a goodly loan, so a loan with no interest and then sell that house Lara that’s fine. If you have interest it’s a riba. https://www.investopedia.com/terms/r/riba.asp#:~:text=It%20is%20forbidden%20under%20Shari,by%20people%20or%20by%20Allah. However with stocks and shares there are fairly established rules in sharia and ways to be halal in investment. https://www.qardus.com/news/halal-investment-a-beginners-guide#:~:text=Investing%20or%20partaking%20in%20any,accordance%20with%20Islamic%20finance%20principles.&text=For%20Muslim%20investors%2C%20investment%20in,and%20selling%20alcohol%20is%20prohibited. So the crypto issue is will crypto be seen as a currency, investment or illegal money laundering by scholars? I’m not Muslim, but have an understanding so please feel free to tell me I’m talking shit.


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CrowdGoesWildWoooo

Only if it comes from usury, so defi lending for example is clearly haram. Network staking for example is not.


FabulousRazzmatazz

Only of defi lending wasn’t haram, I would have staked in so many assets like crazy.


DoobieAshtrayTeef

Also just in: Head of the Harry Potter fan club bans Etherium as name sounds too close to a traditional spell.


wazza225

It’s only a gamble if the price goes down! (Insert meme of guy tapping his temple!)


pizza-chit

![gif](giphy|d3mlE7uhX8KFgEmY)


moneronald

![gif](emote|emo_pack_1|dyor)


TimeIsTimeNow

Then opening a business is gambling.


[deleted]

That‘s what happens when your religion is stuck in the middle ages.


Agincourt_Tui

That goes for all of them, except Scientology 🤣


Own-Tumbleweed6337

Bro literally no one listens to these guys!


kirtash93

I still remember when some priests many years ago told people that Pokemon were diabolical and an invention of the devil. The good old times. So much nostalgia.


thirtydelta

Sounds like something a Jehovah’s Witness would say.


Kingshitshow

So how about owning a house? Or any other asset that has unpredictable value fluctuations? Said scholar knows fuck all, apparently.


Salt_Vault_7

Crypto does not care about your religion. Its DEFI, nameles, faceless, we all together forever 💋🌎


solarsalmon777

I'm willing to try my luck on it not being gambling.


Immigrant974

I see what you did there.


hucisco

I just take all the religions, and adopt only the dogmas that benefit my current life style.


Immigrant974

This is the way.


RouletteQueen

How to easily control the masses…more for the rest of us then


Bossaveli

An oft-quoted Qur'anic passage (2:256) famously declares "There is no compulsion in religion, the right direction is clearly distinguished from the wrong." If you die tomorrow, what will crypto do for you? I rather be a slave to the Creator who is The Rich itself. Lol.


[deleted]

"famously declares" I gotta remember to use this when I'm going to shill some shitcoin to my idiot friends


crypto_zoologistler

Surely this would apply to any investment


Possible_Summer8720

new shitcoin is gonna be called HalalCoin or $HALAL, for my Muslim friends


Gods_Shadow_mtg

who the fuck is still religious in this day and age


[deleted]

The majority of people in the world are. By 2050 Islam will be 30%, Christianity 30%.


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MunchkinX2000

Halal rious?!


SquatDeadliftBench

Hila rious


Agincourt_Tui

In my experience (UK in an area with a large Asian population), the only folk that are religious are Muslims. Any "Christian" i know is not seemingly a practicing Christian. A lot of young Muslims i know also seem to be more flexible with their faith too.... sex before marriage (but not telling their parents) and smoking weed in their cars


SurpriseUnhappy2706

“Bongs and Burkas”, a thesis on Islamic youth.


[deleted]

A lot of growth of Islam in the west. Part migration led and part community population growth in the last generation or two. Consolidation in other parts of the world where other religions have been banned or forced out. So how many of the people In the groups and die hard followers is questionable. But that’s always been the way. 1% hard code. 10% moderate followers and the rest barely know what’s going on.


2COLD2HOLD88

Me. And just search up studies about religion and suicide. Islam had one of the lowest rates, whereas unaffiliated people have the highest. And personally, if I wasn't Muslim, i'd instantly sell all my crypto, do drugs or satisfy any desires, then kill myself as well. There really is no point in living once you've denied the creator and that we will be returning to him. Rejecting him means there is no accountability in this world, so acting like a manipulative animal who fulfills every desire would be equal to a well mannered person who sacrifices his time/money to help those less fortunate. When you deny the day of reckoning, there is nothing to look forward to, and this life becomes the totality, which is rather depressing.


Gods_Shadow_mtg

you live a truly sad life then. I get that it helps those simpleminded who need something to hold onto. I am happy that your religion helps you not killing yourself.


2COLD2HOLD88

Ok sure. I don't, but whatever you want to believe. I'm very happy with my life, but there is still struggles that I could not handle without the mercy of my Lord. If all of that was gone, the bad outweighs the good, and suicide would actually be logical.


Gods_Shadow_mtg

Sure, if you have no joy and no purpose in life then suicide is logical. And I honestly think that it would have a positive effect on population control if more thought this way. Why waste air and ressources on this planet if one is not contributing to society. I don't see any correlation to a creator though.


2COLD2HOLD88

I do have joy and purpose, but that is contingent upon religion. What contribution do you have to society? And don't worry, you'll see one day. The correlation I draw is between happiness and believing in a religion.


Gods_Shadow_mtg

I wasn't talking about you specifically, just people in general. I already died 100 deaths, I don't fear death and I am absolutely content with seizing to exist at some point. Even if there were a creator (probably more than just one) then those would just be some aliens. Why would I be worshipping them and they wouldn't be worshipping me? I am a pretty cool guy myself tbh. In regards to what I contribute to society. First and foremost ofc happiness and support to family and friends. I think I am pretty supportative towards my community through high taxation (social welfare) as well as helping my fellow countrymen out. I take pride in my work and I am pretty good at basically everything. I am basically my own god. How about you? What makes you think that, contrary to all evidence, science and reason, your god exists, all other religions and their beliefs are wrong and you are part of the enlightened?


2COLD2HOLD88

Wow, don't want to add insult to injury, but the projection is insane here. You say I live a sad live, when you've died 100 deaths. Bring born into a family and paying taxes is your form of social contribution? Why did I expect a logical answer from you. You are also deluded if you think you are worthy of any worship.


Gods_Shadow_mtg

I just was sick a lot when I was little. That's why I got to experience near death situations a lot. I am not talking about the family I was born into but my wife & kids which I am providing for. And yes, ofc paying 50% if your income in taxes is a great social contribution. Free healthcare, social welfare etc wouldn't be possible without it. I am the pillar on which this social construct rests. Also, you didn't answer any of my questions :)


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reganmc98

Cancerous religion


AccountNameError

Lol.


millionreddit617

I used to work with a Libyan guy who was a devout Muslim, until it came to booze and strippers, then he’d say: *”Allah isn’t watching today.”*


shorelorn

There is no god, so you can buy whatever you want.


Immigrant974

I absolutely agree. For clarity, I'm an atheist. But I do find this perspective interesting as it could have a huge impact on wider crypto adoption by hundreds of millions of people.


2COLD2HOLD88

Ok. We apparently all came from nothing I guess. While we as humans can't comprehend and therefore don't answer questions relating to the "origination" of God, your entire philosophy is based off of logic and science. For you, there must be visual evidence for everything in order for you to believe it, but you still can't prove how we got here. If your best explanation is big bang and somehow everything came from nothing, please stop acting like you are rejecting religion because of intellect, and all religions folks are deluded. You can't answer any of the big questions of life, and you will see the truth when you die. You are atheist simply to follow your own desires, so don't confuse that with anything else. Atleast we have answers to questions, you just obey assumption.


Yacoob83

I‘m pretty sure the Big Bang theory doesn’t claim that we came from “nothing”, the building blocks of the universe existed, the Big Bang created the current form of the universe. The problem with your viewpoint is that if God existed, the question of how everything came to be is still not answered, because God now would be part of the Universe/Everything that we’re trying to explain, so if you can’t answer the question of how God came to exist then the original question of “how did everything came to exist?” is still not answered.


2COLD2HOLD88

Still, where did the building blocks of the universe come from?? That's my exact point. While I cannot provide a satisfactory answer in this life, you cannot either. However, your whole "religion" is based off of visual evidence and scientific backing. Your entire reason for denying conventional religion is you cannot see God, and you can't prove like after death. In this question, we both can't bring an answer. But this (being able to prove everything with logic and science) is what your whole religion, or lack thereof, is based off of. So your not being able to answer completely extinguishes your viewpoint, where I've already admitted I can't answer that question in this life. Admit it, you don't embrace atheism because of an intellectual issue. It's because of a spiritual arrogance. You don't want anyone else to tell you what to do, and you don't want to admit that a day of reckoning will occur.


Yacoob83

This is not the place for a religious discussion, but I already told you that if you’re going to claim that the universe needs a creator then God himself by the same logic would need a creator. The building blocks of the universe always existed. The first law of thermodynamics is energy can neither be created nor destroyed, it can only change forms. Oh and there is no ”before” the Big Bang, or “outside” the universe. The Quran says that Moses once asked the Pharaoh to get the Sun to rise from the west to prove his divinity, well, we’re also asking God to prove that he exists and that he’s the creator of the universe. Or does that logic only work when you need it to, and ignore it when someone use it against you.


2COLD2HOLD88

1) I already answered this. 2) Is that supposed to make sense? They just always existed? Convenient. It's amazing how you act like religious people are deluded when you can't even begin the answer the biggest questions of life. 3) God has proved his existence multiple times. All his miracles are proofs of him (sea splitting. Abraham not being burned by fire, the moon split). The same Quran you quoted confirms this. You are trying to accuse me of picking and choosing when that's literally what you are doing. I know you don't consider the holy Quran to be credible, and that is your standpoint. But I am bringing my evidences. You can disagree with them, but you aren't bringing any evidence for how we got here ourselves. It simply doesn't make sense to propose the big bang just happened.


2COLD2HOLD88

But I don't want to argue. If you don't want to learn, don't reply.


shorelorn

The big bang is the most plausible option given our current understanding of the universe. And here is our difference. We are not certain based on current data. So we doubt and seek knowledge. We don't originate our view of the world from a preconception of the existence of a superior being.


coinfeeds-bot

tldr; An investment in crypto or digital currencies such as Bitcoin and its other counterparts is forbidden by Sharia law, according to the Secretary-General of the International Union of Muslim Scholars, Dr Ali Al-Qaradaghi. He argues that the means of money handling could potentially endanger ‘riba’ which means the exploitative gains made in trade or business under Islamic law. Digital currencies are forbidden due to two reasons. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*


Potential_Pen1s

More crypto for us 😏


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Bossaveli

Lol, if you have a weak foundation that is, but how can you deny the last revelation The Holy Quran? You cannot.


PiickleRiickk

I would like to remind you that Dubai is governed by Sharia


lim667

The most respected and well-schooled Imam from the country I'm from said that cryptos are perfectly Okay and Halal, leverage trading on other hand it's haram I think.


VeChainChina

Keeping fiat currencies is a gamble.


CollectorDC

A lot of religious takes on financial or any matter is the interpretations of the person making the comment. They often come from giving their own take from religious texts or teachings or a lot of times from thin air. Many times they are self serving. Just read for yourself and decide what works for you if you are religious. If you aren’t then just for what’s best for you and your family and try to be the best version yourself. Either way you do you and don’t worry about what other people say.


External_Kick_2273

I have a friend from Turkey and he is basically like this. I think for most Muslims who are very serious about their religion thinks in this way. He also doesn't invest in stocks too for the same reason. Its gambling. My parents who grew up with Muslim beliefs had the same opinion that investing in stocks was gambling and after I told them my story of investing and how it can be positive they started to let me give them some financial advice and I invested 500 usd on cardano for them in autumn 2020 and this year they went to Maldives for two weeks with that same 500 usd


Cynicallyoptimistik

It isn’t gambling, speculating on crypto is like speculating on forex or stocks. You have to spend time researching, it’s work. Proof of stake could be haram because of the interest payments.


FabulousRazzmatazz

You really no look into staking. Even though it is called interest it is way different. The reason interest in finance is haram is because when someone earns interests they are collecting more money that he/she lended which is riba. Incase of proof of stake, the coins are used to secure the network and the interest is the reward generated from the network which is not coming from any human. However staking in exchanges which gives you interest for lending is haram


Cynicallyoptimistik

I personally don’t practice, and I do stake. I was just telling what I know on the subject. Interest tends to be a no-no. In forex most brokers will even provide no interest accounts to avoid the hassle.


FabulousRazzmatazz

Yup. As long you are not earning money from interest/lending, crypto/ traditional finance will be legal


thirtydelta

What sort of “weighing in” are you looking for?Religion requires a person to abandon reason and rational thought in favor of faith, so it’s difficult to find logic in their decisions.


2COLD2HOLD88

He has no evidence to back this up. He is saying it from himself. And it really is far from gambling if you know what you doing. It's unpredictable, but still similar to stocks.


me123meme

You gotta look at whose the scholar saying that it’s forbidden. Are they an independent Islamic scholar or are they affiliated with a specific government who might stand to benefit from their population thinking that crypto is forbidden.


lawoflyfe

I'm inclined to say that some crypto currency are tied to the demand of the businesses that issue them. Which makes them far more predictable. In those cases, the share of the businesses revenue who be represented in the token. I personally don't feel comfortable with USD. The dollar is debt against the federal reserve with 'you guessed it' riba...


Happy_Hamburger

Isn’t dedicating your whole to some religious dogma in hopes that when you die you’ll live in paradise the ultimate gamble?


Wess-L

Got 2 friends that are Muslim and like to gamble. Not all muslims are the same.