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Is NFTs (digital art and collectibles) halal?
Permissible with conditions
Read our methodology and editorial policy.
Short answer
The underlying asset and the intent of the transaction drive the verdict. A genuine collectible NFT bought to own is treated similarly to other digital property. NFTs traded in pump-and-dump cycles fall under maysir.
The reasoning
Contemporary scholars including Mufti Faraz Adam have addressed NFTs and apply two filters: is the underlying permissible (no haram imagery, no impermissible utility), and is the transaction a genuine sale or a speculative bet?
Most floor-trading PFP cycles fail the second filter even if they pass the first.
Conditions
- Underlying content must be permissible.
- Buy to own, not as a speculative chip.
- No leveraged or fractionalised NFT derivatives.
Red flags
- NFTs with impermissible imagery.
- NFT futures and perpetuals.
- Wash-traded floor pumps.
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