Crypto sharia, also known as crypto sharia or crypto halal, refers to the use of cryptocurrencies in accordance with sharia principles in Islam. These principles include the prohibition of usury (interest), excessive speculation, and investment in businesses considered haram, such as alcohol or gambling.
To comply with sharia principles, some cryptocurrencies have been specially designed with certain features, such as the elimination of interest or the use of a transparent blockchain. Additionally, there are also organizations and institutions that provide sharia certification for certain cryptocurrencies to ensure that they comply with Islamic law.
It is important to remember that views on sharia-compliant cryptocurrencies may vary among Islamic scholars, and some still doubt their halalness. Therefore, if you are interested in using cryptocurrencies with sharia principles, it is important to consult a religious authority or expert in Islamic law who can provide guidance appropriate to your beliefs.
if you ask which Crypto coin is in accordance with Islamic Shari'a
The first crypto that complies with Islamic law is Islamic coin
What Is islamic coin?
Islamic Coin is a native currency of HAQQ, a community-run network, dedicated to empowering an ethics-first Shariah-compliant financial ecosystem. Islamic Coin has a finite total supply and 10% of each issuance is automatically dedicated for philanthropic purposes.
Mision Islamic Coin?
Our mission is to empower the world's Muslim community with a financial instrument for the Digital Age, that enables seamless transactions and interaction, while supporting innovation and philanthropy.
Features of Islamic Coin
• Islamic Coin cannot be arbitrarily printed and devalued.
It also cannot be arbitrarily deflated through the rise of interest rates; its price is determined by the market and thus always fair
• Islamic Coin is minted automatically at predetermined announced rate and distributed amongst validators and delegators who actively contribute and invest to HAQQ network functioning and security.
• Unlike fiat money, Islamic Coin is not operated by the banks whose main business is to earn money by charging interest. Charging interest is what leads to riba and is therefore haram.
• Each time a new Islamic Coin is minted, 10% is deposited into a special Evergreen DAO for further investment into Islam-related ventures or donated to Muslim charities. This is the first introduction of a coin bringing direct economic value to the Muslim community.
IslamicCoin workflow
Roadmap
About HAQQ
HAQQ brings together the most reputable actors of Ethical finance in order to promote community-driven decentralized technologies worldwide.
HAQQ is an EVM-equivalent chain, based on Cosmos SDK. The technology behind HAQQ makes it possible for any smart contract created on other EVM chains to be deployed onto the new network without any changes needed.
MISSION
Crypto has lost its path – grid-driven practices in crypto prevent mass adoption. HAQQ's mission is to make Web3 projects accessible to everyone.
VISION
HAQQ is balancing Shariah-compliant philosophy and cutting edge technology to create a fairer, more sustainable financial system. Muslims and ESG powered change throughout the world and HAQQ is leading it.
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