Is investing in cryptocurrencies permissible or forbidden, especially given the variable administrative fees on buying and selling on foreign websites, and are these fees considered interest or wages, and is this type of transaction considered speculation?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
There is no harm in trading currencies online if the prohibitions are avoided and the Shariah controls regarding currency exchange are observed. There is no objection to the fees that the company charges for buying or selling if they are known at the time of the contract, whether it is a fixed amount or a percentage. These fees are considered a wage for the company's services. This method is an agency for others in buying and selling for a wage, and not a (profit-sharing partnership).
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/157076
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 157076
- Added here
- . This is when the answer was added to El Fatwa, not the fatwa's date.
- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
- Read the full answer on Ftawy