Permissibility of Governance tokens

Investment Questions and Chats Crypto
#1

Salaam,

I am a software developer, currently working on a crypto project. As a part of this project, we will be creating a governance token that people can purchase using ethereum or other cryptocurrencies. Holding these tokens will allow people to vote on the direction of the project, and we anticipate that these tokens will increase in value as the project scales, and they will likely be generated weekly up to a certain limit.

Is something like this sharia compliant? I can’t seem to find anything relating to this specific use-case.

#2

Wa alaykum salaam,.

This potentially can be shariah compliant subject to fulfilling Shariah principles in all aspects.

1 Like
#3

Jzk for the reply, where can I read up on all the things that will make it fulfill the shariah principles?

At the moment what we have in mind is, people who fund the project will get x amount of tokens based on their investment when the project is released. Is something like this also permissable?