Question: Is it permissible to invest in cryptocurrencies? In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh. The Answer: Contemporary issues require some level of Ijtihād and scholarly reasoning, thus, there is usually a difference of opinion in such issues. Our current position on cryptocurrencies is that it is … More Is it permissible to invest in cryptocurrencies?
Question: Index-linked-saving certificates: These are on sale intermittently and for a term of 3 or 5 years. At the end of the term one can cash them or renew them for another term. The purpose is to keep the purchasing power of the money as when it was put in. This is done by adding … More Are The NS&I Index Linked Savings Certificates Shariah Compliant?