By Kamil Ahmad – Halal Investor

Overview of SOLVE

SOLVE is the native token of Solve.Care, a healthcare platform that leverages blockchain technology to revolutionize care coordination, improve access to medical services, reduce administrative costs, and eliminate fraud and waste in healthcare. The platform’s mission is to create a patient-centric, efficient healthcare ecosystem that benefits patients, providers, and payers globally.

Services Offered by Solve.Care

Solve.Care focuses on building digital health networks, known as Care Networks, tailored to:

  1. Patient-Centric Care: These networks are designed to address medical conditions, economic and social needs, and other personalized eligibility criteria.

  2. Healthcare Ecosystem Creation: Solve.Care enables companies to establish interconnected and interoperable decentralized applications (dApps) for healthcare.

  3. Enhanced Coordination: The platform integrates healthcare services to ensure seamless coordination between various stakeholders.

Use of the SOLVE Token

The SOLVE token plays a crucial role in the Solve.Care ecosystem, facilitating: #SOLVE

  • Intra Network Payments: It is used to settle payments for services within the healthcare platform.

  • Transaction Fees: Users pay fees using SOLVE tokens for accessing services.

  • Developer Rights and Marketplace Payments: SOLVE is also utilized to pay for developer contributions and marketplace access fees.

Halal or Haram?

The judgment on the permissibility of the SOLVE token from a Shariah perspective is clear: HALAL. Here are the reasons why:

  1. Ethical Purpose: Solve.Care is directly addressing issues within the healthcare industry, such as inefficiencies, fraud, and waste, aligning with the Islamic principle of promoting welfare and reducing harm.

  2. No Riba (Interest): The platform does not rely on interest-based mechanisms, ensuring compliance with the prohibition of riba in Islamic finance.

  3. Transparency and Fairness: Blockchain technology ensures transparent and fair operations, further supporting the token’s Shariah compliance.

  4. Utility-Based Token: SOLVE serves as a utility token for accessing and utilizing healthcare services within the platform, distinguishing it from speculative or purely financial tokens.