"Introduction"
I still remember the first time I heard about cryptocurrency. It sounded futuristic, risky, and honestly... a bit confusing. But as a Muslim, the first question that popped into my mind wasnât about profits or charts â it was: âIs this halal?
At first, I ignored crypto completely. I assumed it must be part of the interest-based, speculative financial world that weâre told to avoid. But after seeing how fast the digital world was evolving â and how many Muslims were being left behind â I decided to dig deeper. I didnât want to miss out on something just because I didnât understand it.
So I made a decision: **I would explore the crypto world, but only in a way that aligns with my values and beliefs**. That was the beginning of my **halal crypto journey**, and it taught me far more than I expected â not just about finance, but about intention, patience, and ethical responsibility.
Step 1: Learning the Basics (Without the Hype):
I started with the basics â what is Bitcoin, how does blockchain work, what are altcoins? I stayed away from YouTubers shouting about â100x gainsâ and instead focused on educational resources. I joined a Telegram group with other Muslim crypto learners, which really helped.
One thing I learned early on: "Crypto isn't automatically haram or halal â it depends on how it's used".
Step 2: Consulting Islamic Scholars & Researching Halal Opinions
Next, I looked for Islamic scholars who had studied crypto. I found fatwas from credible institutions like AAOIFI and individuals like Mufti Faraz Adam, who helped explain which aspects of crypto are permissible.
For example:
⢠Interest-based lending? Haram.
⢠Unclear contracts or gambling tokens? Also haram.
â˘Peer-to-peer trade, transparent blockchain use, and real utility coins? Generally halal.
This gave me a framework to move forward with confidence.
Step 3: Choosing Halal-Friendly Platforms and Projects;
I decided to avoid:
⢠Margin trading
⢠Lending with interest (DeFi protocols with Riba)
⢠Meme coins or tokens without real value
Instead, I focused on:
⢠Islamic Coin: and other Shariah-compliant projects
⢠Holding coins like "Bitcoin" and "Ethereum", only when the utility was clear
* Participating in "halal staking" and projects that aligned with ethical impact (like green blockchain or educational platforms)
I also kept my transactions transparent, documented my trades, and always asked myself: *Would I be okay explaining this to my family and imam?*
Step 4: Lessons Learned Along the Way;
This journey wasnât easy. I made small mistakes, like getting excited about a coin before fully researching it. I even lost money once by trusting the wrong platform. But hereâs what I learned:
⢠Money is not barakah if earned the wrong way
⢠Taking your time is better than rushing into hype
⢠As Muslims, our goal is not just to profit â it's to stay accountable before Allah.
" I believe this journey made me a more conscious investor and a more grounded Muslim"
LASTLY;
Looking back, Iâm grateful I didnât give up when it seemed too complicated. "Crypto isn't just for tech experts or risk-takers â it can be part of a halal lifestyle if approached with knowledge, patience, and clear intention".
To anyone whoâs confused or unsure where to start, my advice is this:
đ "Start slow, ask the right questions, and never compromise your faith for FOMO."
Crypto can be halal â but 'only if we treat it as an *amana* (trust), not a game'.
I hope my story helps someone out there whoâs standing at the same crossroads I was.