Sharia-Compliant Crypto Products?
In traditional finance, "Riba" (interest) is prohibited. Sharia-compliant crypto products aim to avoid interest-based lending and borrowing. Instead, they typically use structures like Profit-Sharing or Staking (Proof of Stake), where you earn rewards for helping secure a network rather than just "loaning" money for interest.
Key Principles of Sharia Compliance in Crypto
For a product to be labeled this way, it generally must meet these three criteria:
No Riba (Interest): The returns must be generated from a service or profit-sharing, not from an interest-bearing debt.
No Gharar (Uncertainty): The terms of the investment must be clear and transparent.
No Haram Activities: The underlying project cannot be involved in prohibited sectors like gambling, alcohol, or conventional interest-based banking.
Note: These products are often audited by third-party Sharia boards (as mentioned in your screenshot: "certified Sharia Compliant").
Things to Consider
Price Volatility: While you earn a yield (e.g., 5.67% on SOL), the actual market price of the coin can still go up or down significantly.
Liquidity: Some "staked" products might have a "redemption period," meaning you might have to wait a few days to get your coins back if you decide to stop.#ShariaEarn
