Assalamu Alaikum
Is Binance/Coinbase staking halal?
The locked staking coins being offered are ADA, DOT, EOS, ALGO and ATOM
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@Mufti_Faraz_Adam, @Mufti_Billal
According to the Crypto list here: https://www.islamicfinanceguru.com/crypto/
Cardano is permissible to invest in and the link to buy it is from the broker Binance.
My question is more specific to its staking via Binance Locked Staking:
Is it permissible?
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Asalam Alaykum,
As mentioned by our sheikh regarding staking in principle, it’s halal. But what staking platforms are halal? As some platforms like Binance include interest with the reward. So where can I stake my coins and only provides interest-free rewards?
Assalamualaikum sheikh, im from Indonesia and I want to ask something about this.
I have situation like this,
Let’s say i deposit usd to binance with local currency bank with rate 1 BUSD = 14300 IDR. Then i sell BUSD in binance with higher rate 1 BUSD = 14900 IDR.
is it permissible to take profit from this? I hope you can answer it as soon possible sheikh
it is thats trade. it is allowed if you do research. and don’t gamble in coins.
But you’re trying to support the company. as you both make a loss or win. when it comes to leverage x100 short/calls i’d stay away cause they have sometimes interest involved.