header banner
Default

Everything You Should Know About Crypto Lending Is Halal | HackerNoon


Hackernoon logo

brush2

Is Crypto Lending Halal: What You Need to Know by

@bitcompare

Open TLDRtldt arrow

Too Long; Didn't Read

VIDEO: Is CRYPTO Investing HALAL? | IFG #shorts
IFG

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.


Coin Mentioned

VIDEO: What is Crypto Lending? [ Explained With Animations ]
CoinMarketCap

Mention Thumbnail

featured image - Is Crypto Lending Halal: What You Need to Know

Bitcompare HackerNoon profile picture

react to story with heart

RELATED STORIES

VIDEO: Is Bitcoin Halal or Haram?
Rimo TV

Article Thumbnail

Article Thumbnail

Article Thumbnail

Article Thumbnail

Article Thumbnail

Article Thumbnail

L O A D I N G
. . . comments & more!

Sources


Article information

Author: Shawn Harper

Last Updated: 1698563882

Views: 1394

Rating: 4.7 / 5 (97 voted)

Reviews: 98% of readers found this page helpful

Author information

Name: Shawn Harper

Birthday: 1929-09-26

Address: 6546 Justin Island Suite 519, Nathanielland, MS 90725

Phone: +3822639853503446

Job: Air Traffic Controller

Hobby: Sewing, Reading, Bird Watching, Fencing, Aquarium Keeping, Whiskey Distilling, Skiing

Introduction: My name is Shawn Harper, I am a welcoming, dear, sincere, esteemed, rare, forthright, unreserved person who loves writing and wants to share my knowledge and understanding with you.