Scholars differ Money & business
Contemporary scholars differ. Some permit holding and trading it as a digital asset or medium of exchange when it has real use and is traded without interest or deception. Others forbid it because of heavy speculation, uncertainty (gharar), the risk of losing everything and its use in crime. The Quran commands trade by mutual consent without taking wealth unjustly (4:29). Ask a scholar about the specific coin and how you will use it.
يَٰٓأَيُّهَا ٱلَّذِينَ ءَامَنُوا۟ لَا تَأْكُلُوٓا۟ أَمْوَٰلَكُم بَيْنَكُم بِٱلْبَٰطِلِ إِلَّآ أَن تَكُونَ تِجَٰرَةً عَن تَرَاضٍۢ مِّنكُمْ ۚ وَلَا تَقْتُلُوٓا۟ أَنفُسَكُمْ ۚ إِنَّ ٱللَّهَ كَانَ بِكُمْ رَحِيمًۭا ﴿٢٩﴾
Enyi mlio amini! Msiliane mali yenu kwa dhulma, isipo kuwa iwe biashara kwa kuridhiana wenyewe. Wala msijiuwe. Hakika Mwenyezi Mungu ni Mwenye kuwarehemuni.
This is general information, not a fatwa. For your own situation, ask a qualified scholar.
Contemporary scholars differ. Some permit holding and trading it as a digital asset or medium of exchange when it has real use and is traded without interest or deception. Others forbid it because of heavy speculation, uncertainty (gharar), the risk of losing everything and its use in crime. The Quran commands trade by mutual consent without taking wealth unjustly (4:29). Ask a scholar about the specific coin and how you will use it.
