Crypto staking is the process of locking up crypto holdings in order to obtain rewards or earn interest.
Due to its moral view by Muslims, some Islamic scholars have different opinions and views on whether the staking of cryptocurrencies is morally acceptable. This is due to its speculative composition.
However, Throughout the Shariah discussion, it was assumed that cryptocurrency complies with Islamic laws. It is also worth knowing that Islamic Coin is Shariah-compliant with a fatwa issued by world renowned Shariah scholars.
About Islamic Coin.
Islamic Coin is a native currency of Haqq, a community-run network. With a mission to empowering the world’s Muslim community with a financial instrument for the Digital Age, Islamic Coin is an ethics-first Shariah-compliant financial ecosystem.