Crypto Question: Trading cryptos

I want to know if the application for trading cryptocurrencies in Islam is out.

I believe there might be a shariah compliant crypto exchange available currently. @Mufti_Faraz_Adam can provide you with more details about it.

I am working on a shariah compliant DeFi project where people will also be able to trade cryptocurrencies and other cryptoassets. This should be ready for next year inshAllah.



I have tagged @Mufti_Faraz_Adam for him to tell you more about it inshaAllah as he is more aware of this product than I do.

Assalaamu alaykum,

I am not aware of any Shariah compliant crypto exchanges at present.

I would be cautious before engaging any such exchanges. Always best to engage with proven and established exchanges which allow you to trade in a Shariah compliant manner.

Salaam Alaykum,
has anyone tried to spend their crypto where they offer Elly POS ? I want to start spending it but I don’t trust it yet to be legit and not a scam.

Dear Mufti Sir,
Any update on the said shariah-compliant project?
Raja Saleem