Benefit

“Halal” currencies are currencies that comply with Islamic law, and avoid transactions that involve usury (interest) or gharar (high risk). Here are some points about currencies that can be considered halal:

1. Traditional currencies:

• Currencies that are commonly used, such as the dollar, euro, and yen, are not necessarily halal or haram in themselves, but consideration must be given to how they are used. If they are used in usurious transactions, they become prohibited.

2. Cryptocurrencies:

• Bitcoin (BTC): It is not generally considered haram, but its use in illegitimate transactions must be evaluated.

• Ethereum (ETH): Like Bitcoin, it can be considered halal if used for legitimate purposes.

• Sharia-compliant currencies: such as OneGram and Kava, which were developed specifically to be compatible with Islamic principles, meaning they support halal business models.

3. Investing in halal assets:

• Currencies that are linked to real assets such as gold or real estate, as these types of investments are considered more Sharia-compliant.

4. Consulting specialists:

• It is always preferable to consult a jurist or Sharia specialist to verify the legitimacy of the currencies or assets you intend to invest in.

In general, it requires a comprehensive study and deep understanding of the principles of Islamic Sharia, taking into account how those currencies are used in financial transactions.