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A lot of bitcoin traders trade on just speculation, which is almost the same as gambling and thus haram. The opinion of many islamic jurists is that dealing in bitcoin and other cryptocurrencies is not permissible or haram. Remember, trading is a zero sum game and bring your best game to the turf when you. The first filter to check for is if the core business itself is halal or haram. The cash transfer company plans.
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However, majority of scholars so far sure that trading in bitcoin is not halal because it has no value in and of itself.
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