Money & Finance

Is Bitcoin halal?

Spot buying and holding Bitcoin can be permissible when you actually receive the coins, there is no leverage, and you are not gambling on contracts for difference. Many earlier fatwas were cautious because the asset was unclear. Later answers allow crypto that is exchanged immediately and free of riba, futures, and options. Mining and long-term holding are assessed separately from leveraged trading.

Are credit cards halal?

A conventional credit card is typically haram to sign because the contract includes riba if you pay late, and often extra fees above real cost. Paying in full every month does not erase a clause that obliges interest. Prepaid and debit cards that spend your own money are generally allowed. Some scholars permit a card in true necessity when no alternative exists and you will not incur interest. Islamic cards without a riba clause are the intended substitute.

Is investing in stocks halal?

Buying shares can be halal when the company itself is a lawful business and you are not financing riba or haram trade. Shares in banks, alcohol, gambling, or similar industries are forbidden. Mixed companies — lawful products plus interest-bearing loans or deposits — are where scholars split. Screen the business, avoid leverage, and purify dividends if your school requires it.