Meme coins, such as Dogecoin (DOGE), PEPE, and Shiba Inu, are rapidly gaining popularity due to their online culture and humor. However, their compliance with Sharia law raises serious questions. Let's explore what the Islamic principles say about these digital assets.
Sharia opinion on meme coins
Lack of intrinsic value: Meme coins do not have any real utility or ownership rights. Their value is based on trends and speculation, rather than on real economic assets.
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How to combine financial benefits and religious principles?
In the modern world, investing has become an integral part of the financial life of many people. However, for Muslims, the question of how to invest money without violating the principles of Islam is of particular importance." Halal investment is a solution that allows you to combine the desire for financial success with respect for religious principles.
What is a halal investment?
Halal investments are investments that fully comply with the norms of Islam,... -
Stocks
Importance of the stock issue
The topic of promotions is of considerable interest, since many people encounter it in practice.
What are shares (al-saheem)?
Shares represent a share in the value of a real-life firm or enterprise that the buyer purchases for a certain price. Thus, the value of the firm is divided into parts, and the buyer becomes the owner of one of these shares.
Why should a firm or enterprise actually exist?
In order for the buyer to accurately... -
Sale with an additional price (Bay al-murabaha).
In our time, contracts of sale, known as "Bey al-Murabaha", have become particularly popular.
What is Bay al-Murabaha?
This is a contract under which the seller undertakes to sell the goods at a certain price, including a surcharge called a "riba". Riba is an amount that includes the cost of the product and the profit of the seller. At the conclusion of the contract, both the cost of the product and the amount of profit or its percentage can be announced. For... -
Real-life examples of trade relations
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Faruk
Real-life examples of trade relations
One important criterion to consider is that any trade transaction that violates one of the conditions or has a pre-existing obstacle becomes forbidden. According to this criterion, anything that leads to quarrel, conflict, or disagreement is an obstacle that makes a trade deal invalid. Even if the disagreement did not cause any problems for the parties, as they were able to reach an agreement without offending each other, the trade deal will still be considered invalid because anything that can... -
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Fatwas
Praise be to Allah, the Lord of the worlds.
The meaning of fatwa is that a person who acquires knowledge changes the scholar's opinion on a particular issue without having to make his own decision. That is, he does not study the issue himself, but knows the opinion of an expert. For example, someone might come and say, "O scholar, I have found out that the bank is offering me a great deal." What is your ruling on this in Russia?You might say, "By Allah I have not researched... -
What are "trade relations" in Islamic law?
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What are "trade relations" in Islamic law?
In the world of Islamic law, the term "muamalat" encompasses a wide range of human relationships, going beyond just financial or trade ties. The nature of human connections can vary greatly, and scholars have divided "muamalat" into five main types:
1. Trade exchanges: These include the purchase and sale of property, as well as rent. This is the relationship associated with property.
2. Marriage and divorce: These are the legal arrangements between spouses.... -
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