Interest Rate is haram in Islam , In simple words it is So called "sud" in Urdu is written as:
سود , which is Haram in Islam
It refers to interest or usury, typically in the context of financial transactions (e.g., bank interest).
Why I'm sharing this post to you??
In Binance, while doing Spot trading . Many people lock their coins in "Earn Section" where you will get interest rate as per your coins!!
But many people think, that they can earn from there, but didn't recognise that the earning is "Sud" which is Haram!!
Be careful!! Before doing any work, check the Background of the Work and than go for it, if it is not Haram!