🔥 Halal Currency Series – Part Five
Currency: Cardano (ADA)
📿 Is Cardano (ADA) Halal?
✔️ Summary of the legal ruling:
Most legal opinions classify ADA as a permissible and halal currency for trading and investment because it is a digital asset based on an independent blockchain and does not involve interest.
And God knows best
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🔍 Reason for the ruling:
– It does not involve Riba or fixed interest.
– Its project is technical and research-based on smart contracts, without bets or gambling.
– It has low uncertainty compared to purely speculative currencies.
– It is treated as a digital asset of value, not as a gambling tool.
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⚠️ Important Note:
This ruling is related to the way the project operates.
However, any misuse (gambling – Pump & Dump projects – Riba) turns the transaction into haram even if the currency itself is permissible.
⚠️ This content is for educational purposes only and not financial advice.
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