Is WLFI currency halal or haram?
Questions have recently increased about the permissibility of investing in digital currencies from an Islamic perspective, among which the WLFI currency stands out, having attracted wide interest.
What is WLFI currency?
The WLFI currency is a digital project based on blockchain technology, like other tokens that are significantly affected by trading and speculation.
Scholars' opinions on digital currencies
A team sees permissibility under conditions: If the currency is linked to a clear and transparent project, and free from uncertainty and usury, it can be dealt with.
Another team sees prohibition: because most currencies are based purely on speculation, which makes them closer to gambling.
Criteria for judging WLFI
1. Existence of a real project: If WLFI provides genuine services, this makes it more acceptable legally.
2. Free from prohibitions: such as usurious interests or mechanisms resembling gambling.
3. Transparency: Clarity of objectives, team, and financial sources is a key element.
Summary
There is no direct fatwa concerning WLFI currency, but it can be judged according to general criteria:
If it provides a real benefit and is free from prohibitions → it is closer to permissibility.
If it is based on speculation and uncertainty → it is closer to prohibition.
👉 Muslim investors are advised to ensure the details of the project and consult knowledgeable people before making an investment decision.
