> Suggestion: Rename or add an option to the Earn section to be compliant with Islamic Sharia.
We all know that the idea of #bainanceearn or simple and flexible savings is that they take our money and trade with it, either through loans or trading, and then give us a percentage of their profits.
And this is exactly speculation in Islam! To agree with a trader to give him a value of your money while he works with it and gives you a percentage of the profits.
So instead of the issues some have about it being a loan that generates benefit, in this way we understand that it is speculation and not just a loan, and Allah knows best.#
Hence;
We ask the Binance team to consider modifying the name "Flexible Savings" or "Simple Earn" to be defined in the format of "speculation" or "participatory investment", which is a format recognized in Islamic law among Muslims, where the investor gives his money to a party that trades with it, and they share the profit according to agreement.
Because the current name suggests the concept of "loan with interest", which drives many Muslim users away from these services even though they are actually closer to speculation.
Modifying the name will remove the legal ambiguity and encourage millions of users from the Islamic world to use the service with confidence and comfort.
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Now share your opinion, dear Muslim? How do you see the matter?
