Carlo
Fri Jun 07 2024
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6 answers
1018
Is crypto like gambling Islam?｜Prohibition of gharar This is because . And this is where cryptocurrency hits a wall in terms of acceptability to Muslims, as cryptocurrency is considered to be highly speculative and volatile. gharar can lead to gambling and speculation which, as we have seen, is Haram
Could you elaborate on the comparison between cryptocurrency and gambling in Islam? How does the prohibition of gharar relate to this comparison? And why is cryptocurrency viewed as highly speculative and volatile, making it unacceptable to Muslims? Could you also explain how gharar might lead to gambling and speculation, and why this is considered Haram in Islam?
