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Is Shorting Crypto Halal In Islam?

Before it can be concluded whether shorting crypto is halal or haram in Islam, we must first look at what shorting crypto is.

Gezim Osmani by Gezim Osmani
21 March 2023
in Cryptocurrency
Reading Time: 2 mins read
0
Is Shorting Crypto Halal In Islam?

Before it can be concluded whether shorting crypto is halal or haram in Islam, we must first look at what shorting crypto is. Bitcoin shorting is the act of selling a cryptocurrency with the belief that its value will decrease and you will be able to repurchase it at a lower price. Traders can then profit from the price difference in the market. Short-selling turns the traditional slogan of “buy cheap, sell high” on its head;instead of buying low and selling high, the trader sells the asset first and then buys it back later.

In this situation, shorting bitcoin would be done to hedge a long exposure. If you currently hold bitcoin but anticipate it will decline in value in the near future, you may want to hedge your risks by short-selling the digital coin at the same time.

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Is Shorting Crypto Halal In Islam?

Is Shorting Crypto Shariah-Compliant?

Since Shariah prohibits short-selling, an increasing number of Islamic organizations and hedge funds claim to provide Shariah-compliant shorting solutions. Islamic short-selling is frequently portrayed as a great invention or important achievement in Islamic finance. In actuality, though, almost any contract may be ‘Islamised’ byutilizing current financial engineering techniques. The question is rather how high the transaction costs are and, more importantly, whether such mechanisms are Shariah-compliant or simply an unpleasant trick that undermines the goals of Islamic banking.

Short-selling adds to the stock market becoming a highly speculative market that damages the majority of individuals who engage init, even if done in an allegedly Shariah-compliant manner. As a result, before issuing a Shariah judgment on the validity of short-selling or seeking to Islamize it, it is vital to analyze the full truth of the case from a macro Shariah viewpoint.

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Gezim Osmani

Gezim Osmani

Senior Journalist, Content editor Hi there! My name is Gezim, and I'm a Senior Journalist covering crypto and fintech. I have a passion for technology and finance, and I've spent years following the latest trends in the industry. My goal is to make complex financial concepts accessible to my readers. I strive to provide insightful analysis and explain the latest developments in the world of crypto and fintech in a way that is easy to understand. I believe that knowledge is power, and I want to empower my readers to make informed decisions about their finances. In addition to my professional pursuits, I also love to take photos. I find that photography allows me to capture moments and emotions in a way that words cannot. Whether I'm traveling to a new city or exploring the great outdoors, I always have my camera with me. Photography is a way for me to express my creativity and connect with the world around me. When I'm not working or taking photos, I also enjoy hiking and spending time in nature. There's something about being outside and surrounded by natural beauty that brings me peace and clarity. I also love to read, and I'm always seeking out new books and articles to expand my knowledge. Overall, I'm driven by a desire to help people understand the complex world of finance and technology. Through my writing, photography, and other pursuits, I'm committed to creating content that inspires and informs my readers. I believe that everyone has the potential to achieve financial success, and I'm here to help them along the way. I would love to connect and see how we can work together to shape the future of crypto anf fintech. Let's connect and see where our shared interests and expertise can take us!

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