Daniele
Sat Jun 08 2024
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6 answers
1754
Is crypto halal Singapore?｜In Singapore context On the other hand, if a cryptocurrency is categorized as an equity or security token as they have a store of value (i.e. like stocks and shares), then they will be considered permissible if they abide by the Shariah rules on equity.
Is it permissible for Muslims in Singapore to invest in cryptocurrencies? Given the context in Singapore, I'm curious if a cryptocurrency falls under the category of an equity or security token, meaning it possesses a store of value akin to stocks and shares. Assuming these cryptocurrencies adhere to the Shariah principles governing equity investments, would they then be considered halal, or permissible, for Muslims to engage with? Could you please elaborate on this matter?
