Every week Muslim investors send us questions about crypto, halal investing, and Islamic finance. We answer every question. The most important ones are published here permanently for the entire community. 24 questions published so far.
24 total
A community member saw Nado.xyz mentioned in connection with xStocks and tokenized equities and asked whether buying stocks through that platform is permissible.
A project offered CoinStudy payment to tweet about their prediction market platform with the suggestion that the fee could be donated to charity, making the promotion permissible.
MicroStrategy became one of the most discussed investment vehicles during the 2024 to 2026 Bitcoin bull cycle. Community members asked whether MSTRx tokenized shares are permissible since MicroStrategy holds Bitcoin.
Conflux Network is positioned as China's only regulatory-compliant public blockchain. Community members asked whether government regulatory compliance with China's oversight framework creates a specific Islamic finance concern.
New Muslim crypto investors frequently ask for a single ruling on DeFi as a whole, not understanding that DeFi encompasses hundreds of structurally different protocols with different compliance profiles.
Backpack Securities launched in June 2026 as one of the first SEC-registered tokenized stock platforms. Community members asked whether it is more or less permissible than xStocks and what specific account configurations are required for compliance.
Meteora is one of Solana's largest DEXs with a significant airdrop campaign. Community members asked whether participating in Meteora's various liquidity products is permissible given the different pool types available.
BULK Exchange's pre-deposit campaign was heavily promoted on crypto social media with projections of 100% or higher APY. Muslim investors asked whether participating to earn the airdrop is permissible since they are not actively trading perpetual futures during the pre-deposit phase.
Yield farming became one of the most popular DeFi activities during the 2020 to 2021 DeFi summer. Muslim investors asked whether any form of yield farming is permissible given the high returns available.
A community member asked whether holding BNB or other exchange tokens is haram even if they personally only use the token for spot trading and never engage with the exchange's prohibited financial products.
A Muslim developer asked whether they could write educational content about Fermah's technical architecture while deliberately avoiding any promotion of Flashcast, Fermah's prediction market application.
Hyperliquid's HYPE airdrop made early participants wealthy and many Muslim investors asked whether the platform could be permissible since it is blockchain-based trading infrastructure rather than a traditional financial product.
Crypto lending is one of the most widely used DeFi activities. Community members asked whether depositing assets to earn yield is permissible since the returns are variable rather than fixed.
Community members asked whether providing liquidity to DEX pools like Uniswap, Raydium, and Meteora is permissible, and how it differs from crypto lending.
Ethereum is the second largest cryptocurrency and the foundation of most DeFi activity. Community members asked for a direct scholarly ruling on ETH's permissibility.
XRP is one of the most widely held cryptocurrencies among Muslim investors. Community members asked for direct scholarly confirmation of CoinStudy's 86/100 Halal classification.
Community members asked about TRON specifically given its widespread use for USDT transfers and its association with Justin Sun and JustLend.
Community members asked for a direct scholarly ruling on SOL specifically, as the fifth largest cryptocurrency by market cap with a large Muslim investor following.
Community members asked whether earning referral commissions from cryptocurrency exchanges is permissible under Islamic finance principles, particularly when those exchanges offer both permissible and impermissible financial products.
Multiple community members asked about the compliance of xStocks activity across four specific scenarios including buying and holding, DeFi lending, liquidity provision, and referral commissions.
A Muslim contributor in the UAE had invested significant time contributing to Fermah's Discord server. He was specifically avoiding promoting Flashcast, the prediction market application, but was uncertain whether working on infrastructure content was permissible given the platform's overall profile.
A community member facing a genuine financial emergency asked whether the principle of necessity in Islamic jurisprudence could permit using prohibited financial instruments when no halal alternative exists.
A community member asked whether the Haram classification of BNB prevents them from buying and selling BNB through spot trading only, without using any other Binance financial products.
A community member asked whether the structural Haram classification of USDT prevents them from using it as a payment tool for halal transactions.
