Which Cryptocurrencies Are Halal and Which Are Haram?
With the rise of cryptocurrencies, many people wonder which coins are permissible (Halal) and which are not (Haram) according to Islamic principles. Here is a simple guide:
Haram Cryptocurrencies:
Coins associated with gambling or speculative bubbles.
Coins involved in interest (Riba) or usury.
Coins tied to uncertain or highly risky transactions (Gharar).
Coins used for illegal activities or scams.
Examples often considered Haram (depending on scholars):
VeChain (VET) — due to certain speculative or unclear uses.
Some Stablecoins that involve interest.
Coins heavily used in gambling or banned markets.
Halal Cryptocurrencies:
Coins based on real assets or services.
Coins that promote transparency and fairness.
Coins without involvement in interest or gambling.
Examples often considered Halal:
Note: Always consult a trusted Islamic scholar before investing. Cryptocurrency is a new field, and scholars may have different views.