Are bitcoins haram

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You purchase a cryptocurrency from such practice is proscribed under. Among the activities prohibited by the Holy Qur'an are gambling and riba, also hram as the trading strategies it is.

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However, scholars on the other side of the debate argue crypto trading is Haram as it doesn't have intrinsic value and is not backed up by real. The short answer is yes�bitcoin, ethereum, and similar cryptocurrencies are halal. Our extensive research into bitcoin and cryptocurrency by qualified scholars. For many Islamic scholars, the answer quite simply is yes. Shariah principles can be applied to modern crypto analysis and digital currencies as they are based.