Halal Investment Rules in Binance 🕌💰
With the spread of digital currencies, Muslims are wondering about their compatibility with Sharia. Here are the most important rules for halal investment:
1. Verify the currency
Avoid currencies associated with forbidden activities such as gambling and usury.
- Examples of halal currencies that rely on providing legitimate services: Bitcoin, Ethereum, Cardano (ADA), and Stellar (XLM).
2. Avoid usury
Stay away from services that provide fixed returns (such as staking), and focus on legitimate speculation.
3. Avoid excessive speculation
Trading is permissible provided that gambling is avoided and the market is well studied.
4. Study the project
Choose currencies that support innovation such as Polygon (MATIC).
5. Transparency
Use platforms that provide clear information such as Binance, and review Sharia audit reports.
Additional tips:
• Use the P2P feature to avoid intermediaries.
• Invest with amounts that you can afford to lose.
• Follow the news to improve your decisions.
Conclusion
Following these rules will help you invest halal, but always consult a Sharia specialist.
