Assalamu Alaikum Respected Muftis,
I invested in Synthetix (SNX) back in 2018 (It was Havven back then) and to my understanding, it appeared to be halal as I was only avoiding projects involved in Interest, gambling, entertainment, alcohol and gaming (general understanding). Then this investment stream died off due to low market movement and revived again in the last few weeks and then I started to researcher more and came to know SNX is a non-Shariah complaint project because their ecosystem is based on derivatives trading. I made some profit but I am planning to sell the coins. Now the question is, am I allowed to keep the profit since I sincerely didn’t think it was Haram when I invested.
Can you please clarify? I know you receive hundreds of questions every day but if you could spend a few minutes, surely a lot of people will be benefitted.
Jajakallahu Khairan
Jamil