Islamic Finance - Investing In Company

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Investing In Company

Printed From: IslamiCity.org
Category: Religion - Islam
Forum Name: Islamic Finance
Forum Description: Islamic Finance
URL: https://www.islamicity.org/forum/forum_posts.asp?TID=41944
Printed Date: 26 April 2024 at 10:24pm
Software Version: Web Wiz Forums 12.03 - http://www.webwizforums.com

Topic: Investing In Company

Posted By: Zerain
Subject: Investing In Company
Date Posted: 04 January 2018 at 11:03pm

Salam all, I have invested in a cryptocurrency ICO, which we will call AAA (like an IPO for cryptocurrencies/crowdsale) after researching into it to find any sort of haram connections or actions taking place by the company. I found nothing at the time but today I came across it being partnered with another ICO, which we will call BBB that is looking to implement leverage trading (involves interest) in the future into their platform. Is it haram to purchase tokens and invest in AAA? Jazak Allah for your time.

Replies:

Posted By: hasan459
Date Posted: 07 December 2018 at 3:38am

same currency or same product exchange using two different price, it will be riba but different currency or different product exchange it will not be riba. so it is not haram

Posted By: zeenat
Date Posted: 15 March 2022 at 12:20am

I have no confirmation.