Such as transparency, avoiding usury (interest), and achieving beneficial societal goals. Among the most prominent digital currencies that are considered halal based on Islamic law
1. Bitcoin (BTC): Bitcoin is considered halal because it is used as a medium of exchange and is not associated with interest or forbidden activities.
2. Ethereum (ETH): Ethereum is considered a reliable platform due to its decentralized nature and its distance from any financial activities that violate Sharia law.
3. Ripple (XRP): Designed for cross-border payments, it reduces intermediary, making it Sharia-compliant.
4. Cardano (ADA): A blockchain platform that supports projects that promote transparency and sustainable development, making it Sharia-compliant.
5. Litecoin (LTC): It is considered a halal option due to the speed of transactions and lower costs compared to Bitcoin.
6. Stellar (XLM): It focuses on facilitating financial transactions for individuals who are not covered by traditional banking services, which enhances its compatibility with Islamic values.
Investment Tips:
Ensure that the underlying project of the currency is consistent with Islamic values.
Check that the currency is not associated with prohibited activities such as gambling or interest.
Do your own research and consult a financial advisor before investing.
You can view updated lists of halal currencies.
On platforms like Bybit or Yingo.