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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What is the difference between traditional blockchain and Islamic blockchain?
The main difference between traditional blockchain and Islamic blockchain lies in their adherence to Sharia principles.
Traditional Blockchain- Focus on decentralization: The primary goal is to create a system without a central control authority.
- Technological focus: Emphasizes the technical aspects such as security, scalability, and transaction speed.
- Wide range of applications: Used in various fields, from finance to logistics.
- May include elements that conflict with Sharia
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Sharia Councils and Cryptocurrency Certification: Challenges and Prospects
Lack of a single standard
Unfortunately, there is currently no single body or Sharia council that deals with the certification of cryptocurrencies on a global level. Each Islamic financial institution and Sharia council is guided by its own criteria and procedures for evaluating its performance.
Reasons for the lack of a single standard- The youth of the cryptocurrency industry: Blockchain technology and cryptocurrencies are constantly evolving, which makes it difficult to form
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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,...