As Salaamu Alaykum
On the list of halal cryptos:
Theta is listed as halal. With the caveat that if it is mostly used by haram (“illicit”) sites in future, then it could make Theta haram. Have I understood this correctly?
I thought the principle that just because something can (or is) used for haram, it does not make the whole haram. Is there an exception to that in case it gets mostly used for haram?
I am interested in investing in a very promising DeFi crypto which could be used for haram (riba), though I believe it would depend on the financial institutions who adopt it, how they choose to use the technology. It could also be used by a halal bank from my understanding, though I am still conducting research into how it works.
My concern is if it gets mostly used by haram financial institutions, would that then make it a haram investment?
Jazak Allah Khair