Islam requires worshippers to follow its religious laws in every aspect of their lives. Islamic scholars, banks, and financial institutions believe that the vast majority of the crypto industry is mostly halal (lawful) However, many others believe that certain aspects of crypto space are haram (unacceptable) and unacceptable for Muslims. We aim to assess whether crypto lending is suitable for Muslims under Islamic law. We will review some Sharia laws that apply to financial practices that are suitable for followers of Islam.
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