2024-12-26T09:05:07+0000

-------------------------------------------------------------------------------------------------------- ► Learn, invest, prosper: https://linktr.ee/practicalislamicfinance -------------------------------------------------------------------------------------------------------- Thanks for watching our video: Is Crypto Day Trading Halal? Is Crypto Day Trading Halal or Haram? In Islam, there is no specific time requirement for owning an asset before selling it. Instead, the relevant consideration is whether or not the trade’s settlement has been completed. Settlement refers to the buyer receiving the asset and the seller receiving the payment. After settlement, the buyer has the right to use the asset, and the seller has the right to use their payment as they please. With cryptocurrencies, once a transaction is confirmed, it is considered settled since the asset and payment exchange happen simultaneously and are irreversible on the blockchain. As long as the crypto itself is halal to deal with, settlement is instant and you’re trading in the token itself and not some derivative, then I am comfortable with crypto day trading. For a list of cryptocurrencies and our assessment of their Sharia compliance, see the link in the description. CONTACT US salam@practicalislamicfinance.com ABOUT OUR CHANNEL Our channel is about helping people invest and build wealth in a halal way. We cover halal crypto investing, halal stock investing, halal product reviews and more. DISCLAIMER Anything you hear in this video is an opinion. It is not personalized financial advice. Make sure you do your own due diligence before making any investment decisions.