Digital Assets
9 questions
Is it permissible to work in a cryptocurrency portfolio management in order to pay off a bank loan, knowing that working in currency trading (forex) is unlawful (haram)?
Is money earned from buying a cryptocurrency at a low price and selling it at a high price using an automated bot permissible (halal)?
Is it permissible, Islamically, to launch a hospital project and offer some departments for investment, whereby an investor pays a certain amount in exchange for the profits of a specific department for a limited period, without recouping the invested amount after the period ends, with the possibility of earning profits up to double or twice the amount paid?
What is the ruling on investing in a digital platform that lends money and stipulates that no more than 10% of the loan value should be lost, and takes 15% of the realized profits?
Is investing in a Bitcoin mining company that guarantees the return of the principal along with a predetermined profit, without any possibility of loss, considered usury (riba), and is it Islamically permissible?
What is the ruling concerning the action of a person who invested endowment funds designated for the service of the Holy Quran in land trading, which led to an increase in the money, then its value decreased due to stagnation, and he did not inform the supervisor of the endowment about this? And what is incumbent upon him and upon the supervisor of the endowment?
What is the ruling on network marketing for shares linked to a company's real-world assets and projects, where the marketer receives a monthly commission and a percentage for registering other individuals, with commissions continuing for seven generations?
What is the ruling on taking money resulting from winning a cryptocurrency trading competition using demo accounts, and what is the ruling on trading with the money deposited in the winner's account that cannot be withdrawn?
What is the ruling on dealing in "Non-Fungible Tokens" (NFTs), the idea of which is based on buying and selling images or drawings whose original copy is owned by only one owner, and is it permissible to sell or buy them?