Questions tagged [haram]

Michele Mon Oct 14 2024 | 6 answers 955

I'm wondering if owning or being involved with a shiba inu, a specific dog breed, is considered haram or halal according to religious beliefs or practices.

CryptoTitan Mon Oct 07 2024 | 6 answers 1670

Could you please clarify if a Roth IRA, a popular retirement savings plan in the United States, is considered haram, or forbidden, in Islamic finance principles? Islamic finance emphasizes ethical and socially responsible investing, so understanding if a Roth IRA aligns with these values is crucial for Muslim investors. Are there any specific aspects of a Roth IRA, such as its tax-advantaged status or investment options, that make it incompatible with Islamic finance? Additionally, are there any alternative retirement savings options that are more suitable for Muslim investors?

EmeraldPulse Sun Sep 08 2024 | 0 answers 0

Could you elaborate on the stance of Mufti Shawqi regarding Bitcoin and whether he considers it to be haram, or forbidden, in Islamic law? It's intriguing to understand how religious scholars perceive the role of cryptocurrencies within the framework of Islamic finance, particularly given the complex nature of the digital asset market. Does his perspective align with the traditional values and principles of Islam, or does he offer a unique interpretation that challenges conventional beliefs? Additionally, what factors might have influenced his decision, if any, to classify Bitcoin as either permissible or impermissible?

Lorenzo Sat Aug 31 2024 | 6 answers 1693

Could you elaborate on why some individuals believe that swap fees are considered haram, or forbidden, in the context of Islamic finance? Is it due to the nature of the interest or profit derived from these fees, or does it stem from concerns related to the uncertainty or speculation involved in cryptocurrency transactions? Additionally, how do Islamic scholars and financial institutions navigate the complexities of cryptocurrency and swap fees while adhering to Islamic principles and avoiding haram activities?

CharmedFantasy Mon Aug 26 2024 | 7 answers 1139

As an individual interested in both cryptocurrency and Islamic finance, I'm curious to know if Siacoin can be considered halal or haram under Islamic law. Islamic finance principles emphasize the prohibition of riba, or usury, and the promotion of ethical and fair transactions. With the increasing popularity of cryptocurrencies, there's been some debate on whether they align with Islamic principles. Can you provide some insight into whether Siacoin, specifically, is considered halal or haram in the Islamic context?