Genesis mining

Question:-

I found a way of making money online. It is called ‘Genesis Mining.’ The transactions are processed by computer servers. Based on the amount I invest, I receive a percentage of the money generated. Will the money that I make out of this be considered as Halaal or Haraam?

Answer:-

‘Genesis mining’ is a technology company and the world’s leading provider for bitcoin and altcoin cloud mining. We do not approve of the said investment and therefore advise abstention.

ALLAH TA’ALA KNOWS BEST!

ANSWERED BY:

Mufti Mohammed Desai

Date: 02 Dhul Hijjah 1443 / 02 July 2022