#BinanceShariah This is for Muslims only. All Muslims who think crypto is halal or haram can now make money on crypto in the exact Islamic way with Binance Shariah
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1. Crypto projects closer to Islamic principles:
These are projects or tokens that:
are transparent
are used for halal purposes
stay away from unethical or usury systems
๐น 1. Islamic Coin (ISLM)
is completely based on Islamic financial principles.
Approved by the Shariah Board.
Goal: to create a digital financial system for the Muslim world.
๐น 2. Caizcoin
Calls itself "Shariah-compliant".
Registered in Germany and approved by the Islamic Financial Board.
๐น 3. Haqq Network
Is a network of Islamic Coin.
Focuses on transparent and halal usage.
๐น 4. Stellar (XLM)
Some Islamic financial institutions consider it Shariah-compliant.
IDB (Islamic Development Bank) reviewed this.
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2. Crypto Aspects to Avoid (Islamic Warnings):
๐ธ Futures / Margin / Leverage Trading โ
Often fall into the category of interest (riba) and gambling (maysir).
๐ธ Staking Rewards or Lending Services โ
If based on interest, they will be haram.
๐ธ Projects related to Haram Businesses โ
Such as: gambling, alcohol, obscenity, interest-based loans, etc.
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3. Islamic Crypto Exchanges or Platforms (Shariah-based Platforms):
These platforms claim to operate on Islamic principles:
๐น 1. FICE (Fasset Islamic Crypto Exchange)
Popular in the UAE
Works on Sharia principles
Lists only halal assets
๐น 2. CoinMENA (MENA Region)
Regulated in Bahrain
Works with Islamic financial institutions
Provides Halal Investing options
๐ Useful advice:
If you want to invest in crypto according to Islamic principles:
Choose only Halal Coins.
Do spot trading, not Futures or Margin.
Avoid interest and stay away from any reward or interest-based programs.
Consult scholars: If possible, you can seek advice from a trusted Islamic financial expert or Mufti.