{"id":40931,"date":"2026-04-07T10:46:06","date_gmt":"2026-04-07T10:46:06","guid":{"rendered":"https:\/\/daruliftabirmingham.co.uk\/home\/?p=40931"},"modified":"2026-04-07T18:38:52","modified_gmt":"2026-04-07T18:38:52","slug":"is-investing-in-the-stock-market-or-cryptocurrencies-like-bitcoin-ethereum-haram","status":"publish","type":"post","link":"https:\/\/daruliftabirmingham.co.uk\/home\/is-investing-in-the-stock-market-or-cryptocurrencies-like-bitcoin-ethereum-haram\/","title":{"rendered":"Is Investing In The Stock Market Or Cryptocurrencies Like Bitcoin &#038; Ethereum Haram?"},"content":{"rendered":"<p style=\"text-align: right;\"><span style=\"font-family: verdana, geneva, sans-serif;\"><strong>Fatwa ID: 08855<\/strong><\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif;\"><strong>Answered by: Alimah Maryam Badshah<\/strong><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif;\"><strong>Question:<\/strong><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif;\">Is investing in stock market like Bitcoin or Ethereum haram?<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><span style=\"font-family: verdana, geneva, sans-serif;\"><strong>In the name of Allah, the Most Gracious, the Most Merciful<\/strong><\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif;\"><strong>Answer:<\/strong><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif;\">Bitcoin and Ether (Ethereum) are two different types of cryptocurrency, and are forms of decentralised digital assets. Islamic scholarly research on cryptocurrency considers it to be wealth that has Shar\u2019i value, but it lacks certain attributes of currency. They have also deduced that it also fails to meet the Islamic standards of financial morality and preservation of wealth. Despite its weakness in areas of currency attributes, it is considered permissible to invest in Bitcoin and Ether in order to trade it in the future.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif;\">What is meant by \u201cShar\u2019i value\u201d is the permissibility for an item to be bought and sold in Islam. As for \u201cattributes of currency\u201d, this refers to a currency\u2019s ability to be an independent standard of value and its intrinsic worth as a medium of exchange. A lack of intrinsic worth results in a currency\u2019s value to be excessively volatile and therefore a risky investment.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif;\">It should be kept in mind, however, that while it is considered technically permissible to trade in cryptocurrencies, it would be both unwise and immoral to do so with the current structures we see today. This is due to the fact that cryptocurrency lacks utility and does not serve to improve the economy. With it lacking both inherent value (commodity money) nor being a form of fiat currency, these brands strive to invent utility by often structuring themselves under the framework of pyramid schemes or non-transparency, and therefore it would be better to avoid such investments.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif;\"><strong>References:<\/strong><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif;\">\u0627\u0644\u0652\u0645\u064f\u0631\u064e\u0627\u062f\u064f \u0628\u0650\u0627\u0644\u0652\u0645\u064e\u0627\u0644\u0650 \u0645\u064e\u0627 \u064a\u064e\u0645\u0650\u064a\u0644\u064f \u0625\u0644\u064e\u064a\u0652\u0647\u0650 \u0627\u0644\u0637\u064e\u0651\u0628\u0652\u0639\u064f \u0648\u064e\u064a\u064f\u0645\u0652\u0643\u0650\u0646\u064f \u0627\u062f\u0650\u0651\u062e\u064e\u0627\u0631\u064f\u0647\u064f \u0644\u0650\u0648\u064e\u0642\u0652\u062a\u0650 \u0627\u0644\u0652\u062d\u064e\u0627\u062c\u064e\u0629\u0650\u060c \u0648\u064e\u0627\u0644\u0652\u0645\u064e\u0627\u0644\u0650\u064a\u064e\u0651\u0629\u064f \u062a\u064e\u062b\u0652\u0628\u064f\u062a\u064f \u0628\u0650\u062a\u064e\u0645\u064e\u0648\u064f\u0651\u0644\u0650 \u0627\u0644\u0646\u064e\u0651\u0627\u0633\u0650 \u0643\u064e\u0627\u0641\u064e\u0651\u0629\u064b \u0623\u064e\u0648\u0652 \u0628\u064e\u0639\u0652\u0636\u0650\u0647\u0650\u0645\u0652\u060c \u0648\u064e\u0627\u0644\u062a\u064e\u0651\u0642\u064e\u0648\u064f\u0651\u0645\u064f \u064a\u064e\u062b\u0652\u0628\u064f\u062a\u064f \u0628\u0650\u0647\u064e\u0627 \u0648\u064e\u0628\u0650\u0625\u0650\u0628\u064e\u0627\u062d\u064e\u0629\u0650 \u0627\u0644\u0650\u0627\u0646\u0652\u062a\u0650\u0641\u064e\u0627\u0639\u0650 \u0628\u0650\u0647\u0650 \u0634\u064e\u0631\u0652\u0639\u064b\u0627\u061b \u0641\u064e\u0645\u064e\u0627 \u064a\u064f\u0628\u064e\u0627\u062d\u064f \u0628\u0650\u0644\u064e\u0627 \u062a\u064e\u0645\u064e\u0648\u064f\u0651\u0644\u064d \u0644\u064e\u0627 \u064a\u064e\u0643\u064f\u0648\u0646\u064f \u0645\u064e\u0627\u0644\u064b\u0627 \u0643\u064e\u062d\u064e\u0628\u064e\u0651\u0629\u0650 \u062d\u0650\u0646\u0652\u0637\u064e\u0629\u064d \u0648\u064e\u0645\u064e\u0627 \u064a\u064f\u062a\u064e\u0645\u064e\u0648\u064e\u0651\u0644\u064f \u0628\u0650\u0644\u064e\u0627 \u0625\u0628\u064e\u0627\u062d\u064e\u0629\u0650 \u0627\u0646\u0652\u062a\u0650\u0641\u064e\u0627\u0639\u064d \u0644\u064e\u0627 \u064a\u064e\u0643\u064f\u0648\u0646\u064f \u0645\u064f\u062a\u064e\u0642\u064e\u0648\u0650\u0651\u0645\u064b\u0627 \u0643\u064e\u0627\u0644\u0652\u062e\u064e\u0645\u0652\u0631\u0650\u060c \u0648\u064e\u0625\u0650\u0630\u064e\u0627 \u0639\u064f\u062f\u0650\u0645\u064e \u0627\u0644\u0652\u0623\u064e\u0645\u0652\u0631\u064e\u0627\u0646\u0650 \u0644\u064e\u0645\u0652 \u064a\u064e\u062b\u0652\u0628\u064f\u062a\u0652 \u0648\u064e\u0627\u062d\u0650\u062f\u064c \u0645\u0650\u0646\u0652\u0647\u064f\u0645\u064e\u0627&#8230;<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif;\">\u2026 \u0648\u064e\u062d\u064e\u0627\u0635\u0650\u0644\u064f\u0647\u064f \u0623\u064e\u0646\u064e\u0651 \u0627\u0644\u0652\u0645\u064e\u0627\u0644\u064e \u0623\u064e\u0639\u064e\u0645\u064f\u0651 \u0645\u0650\u0646\u0652 \u0627\u0644\u0652\u0645\u064f\u062a\u064e\u0645\u064e\u0648\u064e\u0651\u0644\u0650\u061b \u0644\u0650\u0623\u064e\u0646\u064e\u0651 \u0627\u0644\u0652\u0645\u064e\u0627\u0644\u064e \u0645\u064e\u0627 \u064a\u064f\u0645\u0652\u0643\u0650\u0646\u064f \u0627\u062f\u0650\u0651\u062e\u064e\u0627\u0631\u064f\u0647\u064f \u0648\u064e\u0644\u064e\u0648\u0652 \u063a\u064e\u064a\u0652\u0631\u064e \u0645\u064f\u0628\u064e\u0627\u062d\u064d \u0643\u064e\u0627\u0644\u0652\u062e\u064e\u0645\u0652\u0631\u0650\u060c \u0648\u064e\u0627\u0644\u0652\u0645\u064f\u062a\u064e\u0642\u064e\u0648\u0650\u0651\u0645\u064f \u0645\u064e\u0627 \u064a\u064f\u0645\u0652\u0643\u0650\u0646\u064f \u0627\u062f\u0650\u0651\u062e\u064e\u0627\u0631\u064f\u0647\u064f \u0645\u064e\u0639\u064e \u0627\u0644\u0652\u0625\u0650\u0628\u064e\u0627\u062d\u064e\u0629\u0650\u060c \u0641\u064e\u0627\u0644\u0652\u062e\u064e\u0645\u0652\u0631\u064f \u0645\u064e\u0627\u0644\u064c \u0644\u064e\u0627 \u0645\u064f\u062a\u064e\u0642\u064e\u0648\u0650\u0651\u0645\u064c\u060c \u0641\u064e\u0644\u0650\u0630\u064e\u0627 \u0641\u064e\u0633\u064e\u062f\u064e \u0627\u0644\u0652\u0628\u064e\u064a\u0652\u0639\u064f \u0628\u0650\u062c\u064e\u0639\u0652\u0644\u0650\u0647\u064e\u0627 \u062b\u064e\u0645\u064e\u0646\u064b\u0627\u060c \u0648\u064e\u0625\u0650\u0646\u064e\u0651\u0645\u064e\u0627 \u0644\u064e\u0645\u0652 \u064a\u064e\u0646\u0652\u0639\u064e\u0642\u0650\u062f\u0652 \u0623\u064e\u0635\u0652\u0644\u064b\u0627 \u0628\u0650\u062c\u064e\u0639\u0652\u0644\u0650\u0647\u064e\u0627 \u0645\u064e\u0628\u0650\u064a\u0639\u064b\u0627<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif;\">Raddul Muht\u0101r (Vol.4, pg.501, D\u0101r Al-Fiqr)<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif;\">\u0648\u064e\u0642\u064e\u062f\u064e\u0651\u0645\u0652\u0646\u064e\u0627 \u0623\u064e\u0648\u064e\u0651\u0644\u064e \u0627\u0644\u0652\u0628\u064f\u064a\u064f\u0648\u0639\u0650 \u0623\u064e\u0646\u064e\u0651 \u0627\u0644\u062f\u064e\u0651\u0631\u064e\u0627\u0647\u0650\u0645\u064e \u0627\u0644\u0652\u0628\u064f\u062e\u064e\u0627\u0631\u0650\u064a\u064e\u0651\u0629\u064e \u0641\u064f\u0644\u064f\u0648\u0633\u064c \u0639\u064e\u0644\u064e\u0649 \u0635\u0650\u0641\u064e\u0629\u064d \u0645\u064e\u062e\u0652\u0635\u064f\u0648\u0635\u064e\u0629\u064d\u060c \u0641\u064e\u0644\u0650\u0630\u064e\u0627 \u0623\u064e\u0648\u0652\u062c\u064e\u0628\u064e \u0627\u0644\u0652\u0642\u0650\u064a\u0645\u064e\u0629\u064e \u0625\u0630\u064e\u0627 \u0643\u064e\u0627\u0646\u064e\u062a\u0652 \u0644\u064e\u0627 \u062a\u064f\u0646\u0652\u0641\u064e\u0642\u064f \u0641\u0650\u064a \u0630\u064e\u0644\u0650\u0643\u064e \u0627\u0644\u0652\u0628\u064e\u0644\u064e\u062f\u0650 \u0644\u0650\u0628\u064f\u0637\u0652\u0644\u064e\u0627\u0646\u0650 \u0627\u0644\u062b\u064e\u0651\u0645\u064e\u0646\u0650\u064a\u064e\u0651\u0629\u0650 \u0628\u0650\u0627\u0644\u0652\u0643\u064e\u0633\u064e\u0627\u062f\u0650\u060c \u0643\u064e\u0645\u064e\u0627 \u0642\u064e\u062f\u064e\u0651\u0645\u0652\u0646\u064e\u0627\u0647\u064f \u0648\u064e\u0628\u0650\u0647\u064e\u0630\u064e\u0627 \u0638\u064e\u0647\u064e\u0631\u064e \u0623\u064e\u0646\u064e\u0651\u0647\u064f \u0644\u064e\u0648\u0652 \u0643\u064e\u0627\u0646\u064e\u062a\u0652 \u0627\u0644\u062f\u064e\u0651\u0631\u064e\u0627\u0647\u0650\u0645\u064f \u0641\u0650\u0636\u064e\u0651\u062a\u064f\u0647\u064e\u0627 \u062e\u064e\u0627\u0644\u0650\u0635\u064e\u0629\u064c \u0623\u064e\u0648\u0652 \u063a\u064e\u0627\u0644\u0650\u0628\u064e\u0629\u064c \u0643\u064e\u0631\u0650\u064a\u064e\u0627\u0644\u0650 \u0627\u0644\u0652\u0641\u0650\u0631\u0650\u0646\u0652\u062c\u0650\u064a\u0650\u0651 \u0641\u0650\u064a \u0632\u064e\u0645\u064e\u0627\u0646\u0650\u0646\u064e\u0627 \u0641\u064e\u0627\u0644\u0652\u0648\u064e\u0627\u062c\u0650\u0628\u064f \u0631\u064e\u062f\u064f\u0651 \u0645\u0650\u062b\u0652\u0644\u0650\u0647\u064e\u0627\u060c \u0648\u064e\u0625\u0650\u0646\u0652 \u0643\u064e\u0627\u0646\u064e\u0627 \u0641\u0650\u064a \u0628\u064e\u0644\u0652\u062f\u064e\u0629\u064d \u0623\u064f\u062e\u0652\u0631\u064e\u0649\u060c \u0644\u0650\u0623\u064e\u0646\u064e\u0651 \u062b\u064e\u0645\u064e\u0646\u0650\u064a\u064e\u0651\u0629\u064e \u0627\u0644\u0652\u0641\u0650\u0636\u064e\u0651\u0629\u0650 \u0644\u064e\u0627 \u062a\u064e\u0628\u0652\u0637\u064f\u0644\u064f \u0628\u0650\u0627\u0644\u0652\u0643\u064e\u0633\u064e\u0627\u062f\u0650\u060c \u0648\u064e\u0644\u064e\u0627 \u0628\u0650\u0627\u0644\u0631\u064f\u0651\u062e\u0652\u0635\u0650 \u0623\u064e\u0648\u0652 \u0627\u0644\u0652\u063a\u064e\u0644\u064e\u0627\u0621\u0650\u2026<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif;\">Raddul Muht\u0101r (Vol.5, pg.163, D\u0101r Al-Fiqr)<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif;\">\u0648\u064e\u064a\u064e\u0646\u0652\u0628\u064e\u063a\u0650\u064a \u0623\u064e\u0646\u064e\u0651\u0647\u064f \u0644\u064e\u0627 \u062e\u0650\u0644\u064e\u0627\u0641\u064e \u0641\u0650\u064a \u0623\u064e\u0646\u064e\u0651\u0647\u064f \u0644\u064e\u0627 \u064a\u064e\u0628\u0652\u0637\u064f\u0644\u064f \u0627\u0644\u0652\u0628\u064e\u064a\u0652\u0639\u064f \u0628\u0650\u0643\u064e\u0633\u064e\u0627\u062f\u0650\u0647\u064e\u0627\u060c \u0648\u064e\u064a\u064e\u062c\u0650\u0628\u064f \u0639\u064e\u0644\u064e\u0649 \u0627\u0644\u0652\u0645\u064f\u0634\u0652\u062a\u064e\u0631\u0650\u064a \u0645\u0650\u062b\u0652\u0644\u064f\u0647\u064e\u0627 \u0641\u0650\u064a \u0627\u0644\u0652\u0643\u064e\u0633\u064e\u0627\u062f\u0650\u060c \u0648\u064e\u0627\u0644\u0650\u0627\u0646\u0652\u0642\u0650\u0637\u064e\u0627\u0639\u0650 \u0648\u064e\u0627\u0644\u0631\u064f\u0651\u062e\u0652\u0635\u0650 \u0648\u064e\u0627\u0644\u0652\u063a\u064e\u0644\u064e\u0627\u0621\u0650\u060c \u0623\u064e\u0645\u064e\u0651\u0627 \u0639\u064e\u062f\u064e\u0645\u064f \u0628\u064f\u0637\u0652\u0644\u064e\u0627\u0646\u0650 \u0627\u0644\u0652\u0628\u064e\u064a\u0652\u0639\u0650\u060c \u0641\u064e\u0644\u0650\u0623\u064e\u0646\u064e\u0651\u0647\u064e\u0627 \u062b\u064e\u0645\u064e\u0646\u064c \u062e\u0650\u0644\u0652\u0642\u064e\u0629\u064b \u0641\u064e\u062a\u064e\u0631\u0652\u0643\u064f \u0627\u0644\u0652\u0645\u064f\u0639\u064e\u0627\u0645\u064e\u0644\u064e\u0629\u0650 \u0628\u0650\u0647\u064e\u0627 \u0644\u064e\u0627 \u064a\u064f\u0628\u0652\u0637\u0650\u0644\u064f \u062b\u064e\u0645\u064e\u0646\u0650\u064a\u064e\u0651\u062a\u064e\u0647\u064e\u0627 \u0641\u064e\u0644\u064e\u0627 \u064a\u064e\u062a\u064e\u0623\u064e\u062a\u064e\u0651\u0649 \u062a\u064e\u0639\u0652\u0644\u0650\u064a\u0644\u064f \u0627\u0644\u0652\u0628\u064f\u0637\u0652\u0644\u064e\u0627\u0646\u0650 \u0627\u0644\u0652\u0645\u064e\u0630\u0652\u0643\u064f\u0648\u0631\u064f\u060c \u0648\u064e\u0647\u064f\u0648\u064e \u0628\u064e\u0642\u064e\u0627\u0621\u064f \u0627\u0644\u0652\u0628\u064e\u064a\u0652\u0639\u0650 \u0628\u0650\u0644\u064e\u0627 \u062b\u064e\u0645\u064e\u0646\u064d.<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif;\">Raddul Muht\u0101r (Vol.4, pg.534, D\u0101r Al-Fiqr)<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif;\"><u><a href=\"https:\/\/www.bankofengland.co.uk\/explainers\/what-is-money\">https:\/\/www.bankofengland.co.uk\/explainers\/what-is-money<\/a><\/u><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif;\"><u><a href=\"https:\/\/afinanceorg.wordpress.com\/wp-content\/uploads\/2017\/08\/research-paper-on-bitcoin-mufti-faraz-adam.pdf\">https:\/\/afinanceorg.wordpress.com\/wp-content\/uploads\/2017\/08\/research-paper-on-bitcoin-mufti-faraz-adam.pdf<\/a><\/u><\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif;\">Only Allah (\u0639\u0632 \u0648 \u062c\u0644) knows best.<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif;\">Written by Alimah Maryam Badshah<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif;\">Checked and approved by Mufti Mohammed Tosir Miah<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif;\">Darul Ifta Birmingham<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fatwa ID: 08855 &nbsp; &nbsp; Answered by: Alimah Maryam Badshah &nbsp; Question: &nbsp; Is investing in stock market like Bitcoin or Ethereum haram? &nbsp; &nbsp;&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[17],"tags":[],"_links":{"self":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/40931"}],"collection":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/comments?post=40931"}],"version-history":[{"count":3,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/40931\/revisions"}],"predecessor-version":[{"id":40946,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/40931\/revisions\/40946"}],"wp:attachment":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/media?parent=40931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/categories?post=40931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/tags?post=40931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}