حلال_أهم_من_الربح

Here is a detailed comparison between Staking as a legitimate tool and Lending as a prohibited tool, with a thorough analysis of the Sharia elements. The Sharia ruling on Staking and Lending: When is the profit from freezing permissible? Profit-generating tools in the cryptocurrency market have rapidly evolved, creating multiple options for traders. With this diversity, Muslim traders must clearly distinguish between tools based on legitimate risk and those that fall into the trap of usury and uncertainty. Here, we compare the processes of Staking and usurious Lending on decentralized finance (DeFi) platforms. ❌ Usurious Lending in DeFi: A transaction prohibited by Sharia Usury in decentralized finance (DeFi) platforms, where you place your coins in liquidity pools for a fixed or variable return, often falls within the realm of Sharia prohibitions for the following reasons: 1. Falling into explicit usury 💰 The process is essentially a loan with interest. You lend your coins to the platform or another borrower, and this process returns to you a yield called "Interest Rate." This yield is a conditional and calculated increase on the principal loan amount for the term (duration of the loan), which is the precise definition of the prohibited usury in Islamic law. 2. Absence of a guarantee or actual participation 📉 In usurious lending, the borrowed money is used for purposes that the lender does not guarantee or participate in its risks. You guarantee the return of your principal amount with the specified interest, regardless of the profit or loss of the borrower, which contradicts speculative and partnership contracts that require both parties to bear the loss against profit. 3. Turning currency into a commodity for usury ⚠️ When the currency itself is used as a tool for lending and usurious collection, it deviates from its function as a "price" and becomes a "commodity" sold and bought with terms and interests, which opens a wide door for corrupt transactions that scholars have warned against. 🟢 Staking: A legitimate investment (with controls) ✅ Staking is the process of freezing your digital currencies to secure the blockchain network (which operates on a Proof of Stake system) and contribute to validating transactions. 1. Yield for work and benefit 💎 The yield (reward) you receive is not interest on a loan but is a payment for a service or a share of the yield generated from a real process carried out by the network. You contribute to the security and continuity of the network; thus, the reward is considered a payment or yield from a profit-sharing based on benefit. 2. Absence of loans and fixed interests ❌ There is no concept of loan or guaranteed fixed interest in Staking. The yield is variable and is affected by the level of activity on the network, making it more akin to a partner's share in a speculation, where they share the profit without guaranteed or predetermined returns. 3. Ownership and control of the asset 🛡️ The coins remain your property, and very often they are under your direct control (in your private wallet), fulfilling the condition of actual ownership of the asset, which is the basis for the validity of any financial transaction.

The legitimacy of cryptocurrencies depends on a comprehensive study of a set of factors, including:

1. The technology of the digital currency:
White paper: Analyzing the white paper of the digital currency to understand its underlying technology, development team, and project roadmap.
Source code: Reviewing the source code of the digital currency to ensure its integrity and security, and to verify that it is free of vulnerabilities.

Have you ever wondered about the ruling on trading and investing in digital currencies from a Sharia perspective? Are you concerned about usury, or uncertainty, or gambling? These questions are at the center of interest for many Muslims interested in this growing field. But what if we told you that there is a product specifically designed to alleviate these concerns?
In this article, we will explore the "Binance Sharia Earn" program offered by Binance and analyze how it seeks to provide a halal way to earn returns from digital currencies.