Many of us ask about the ruling on trading digital currencies, especially when we see people trading them and making quick profits. But the truth is, the matter is a bit more complex than that.

First, we need to understand that day trading is not just buying and selling currencies. It is a very rapid trading process—hours or minutes—relying on the random fluctuations of prices. The problem is that this type of trading involves many legitimate risks that we cannot ignore.

Islam has set clear guidelines for financial transactions. The most important is that the commodity must be free from prohibitions. That means we cannot deal with digital currencies associated with gambling, usury, or money laundering. Allah said: "And Allah has permitted trade and forbidden riba." Also: "And do not cooperate in sin and aggression."

Second, gharar (uncertainty) is forbidden in Sharia. Gharar means ignorance and high risk. The Prophet ﷺ said: "The Messenger of Allah forbade selling with gharar." Daily trading of digital currencies involves a lot of gharar because it depends on uncertain predictions and random fluctuations. This makes it close to gambling, in fact.

The Egyptian Dar al-Ifta issued a ruling prohibiting dealing with digital currencies from all aspects for clear reasons: gharar and ignorance, unpredictable price fluctuations, widespread fraud and deception, and violation of the principle of "no harm and no reciprocating harm." The Islamic Fiqh Academy of the Muslim World League also confirmed that the ruling on trading digital currencies requires very careful study due to the prevalence of gharar and the lack of real ownership in many cases.

Sheikh Abdullah Al-Mutlaq from the Council of Senior Scholars in Saudi Arabia warned of the significant risks in this field and emphasized the need to understand the legal and financial risks before entering it.

There are clear Sharia issues with daily trading. First, some digital currencies are used to finance forbidden projects like gambling, usury, and fraud. Second, daily trading often occurs through contracts for difference (CFDs), which do not provide actual ownership of the currency. The Prophet ﷺ said: "Do not sell what you do not possess." Third, due to rapid trading, you might buy a forbidden currency without verifying its legitimacy.

But there are solutions. Instead of quick speculation, you can focus on long-term investment in currencies that provide useful services and meet Shariah guidelines, such as currencies supporting blockchain technology projects or improving halal financial services. The important thing is to read the project's white paper and research information about the founding team and the actual uses of the currency.

The clear conclusion is: trading digital currencies is not permissible in Shariah at the present time, especially day trading. The reason is that this process aims for quick profit without sufficient study, which leads to many Sharia issues—such as involvement in suspicious activities, supporting projects that conflict with Islam unintentionally, and contradicting the principle of "no harm and no reciprocating harm."

Money is a means of stability, not an end in itself. We must seek halal income and avoid doubts. The Prophet ﷺ said: "Whoever leaves something for the sake of Allah, Allah will compensate him with something better." Seeking lawful livelihood is the right way to blessing in wealth and work. We ask Allah to grant us pure, lawful sustenance and to keep us away from what is forbidden and doubtful.