Assalamaylaikum, im confused with crypto scalping. in islam short selling is haram and crypto scalping is similar to short selling where we just dig in to make profit of the volatile period. Though i have received both sides of fatwa, some saying its ok and halal and some presents the rule of short selling as to tell this scalping not permissible. what does the community and the admins of crypto ummah think?
Question from community user…
I assume you’ve seen our post on intraday trading, which covers this in some details, but unfortunately there is no outright yes its halal or no its not halal. There are a lot of specific components that may sway this more towards halal or haram, you will have to see how your trades fit in and how you feel about it. If you havent you can find the post on intraday trading at https://cryptoummah.com/is-intraday-trading-halal/.
Personally I beleive it is acceptable for some of the points mentioned in the post. When you look at exactly what you are doing, and how its fits around the criteria detailed, you may come to your own conclusion as some of the criteria may not apply to your type of activity and so forth.
