For example, some scholars view cryptocurrencies, such as their underlying an asset if its price intriguing intersection between modern technology.
You can calculate your zakat on crypto here plus you get a free portfolio health check too. Blossom is not a financial adviser and statements appearing on Blossom's website and communications from Blossom do not constitute financial advice. You are unlikely to be protected if something goes wrong Protection from the Financial Services Compensation Scheme FSCS , in relation to claims against failed regulated firms, does not cover poor investment performance. Mufti Abu-Bakar considered arguments that crypto itself was speculative when it comes to personal finance, but his view was that all currencies have a speculative element and this did not automatically deem cryptocurrency as haram.
