Crypto leverage trading strategy The short answer is, yes, trading cryptocurrency is halal. However, there has been much debate amongst Islamic scholars and thinkers about how this new form of trading coheres with the teachings of the Holy Quran.
For starters, trading in general is accepted within Islam as you are allowed to pursue activities that lead to the improvement of your personal situation. The main caveat is that you are not allowed to earn interest, which is why swap-free or interest-free accounts in FOREX trading have been created as this complies with Sharia Law.
There is a consensus among scholars that crypto trading can be treated just the same as FOREX, and is, for that reason, halal. Cryptocurrency is seen as a digital form of money and, therefore, is halal to trade. As per the Sharia Law, forms payment similar to real money are recognized by the majority of scholars in Islam as halal.
However, as we have mentioned, there is no universal agreement that crypto trading is halal. Some bodies, such as the National Council of Islamic Scholars in Indonesia, have purported that because crypto lacks a physical form, it is hence haram to trade in it. That said, this appears to be a minority finding in the world of Islam,