#IslamicCoin is partnering with @HaqqexHQ! A new era of Shariah-compliant trading is coming soon. Trade digital assets within Islamic ethics on @HaqqexHQ 🔜
@Islamic_Coin @HaqqexHQ What is the meaning after Trade with assets within Islamic ethics? I thought Islamist can't gamble?
Trading within Islamic ethics means conducting financial transactions in accordance with Shariah law, which is the moral and religious law of Islam. In this context, "gambling" is typically associated with uncertainty or speculation, which is prohibited in Islamic finance. However, trading and investing are not considered gambling when done within the guidelines of Shariah law. For instance, investments should be made in ethical sectors (i.e., not in businesses related to alcohol, pork, gambling etc.) and should avoid interest (riba), excessive uncertainty (gharar), and speculative behavior. The Islamic Coin is being developed with these principles in mind to provide a Shariah-compliant avenue for Muslims (and others who value ethical finance) to participate in the digital economy.