Crypto-assets

Is the BITO ETF Shariah Compliant?

Question: Is the BITO ETF Shariah Compliant? In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh. The Answer: The ProShares Bitcoin Strategy ETF (BITO) is not Shariah compliant. The Fiqh (jurisprudence of the answer): The ProShares Bitcoin Strategy ETF is the first U.S. bitcoin-linked ETF designed to provide investment […]
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Are Meme Tokens Halal? 

Question Are meme tokens halal?  Answer In the name of Allah, the Most Merciful, the Most Kind Whilst it is not possible to give a specific ruling for a specific token, in principle, meme tokens should be avoided due to their high Shariah non-compliance risks and lack of bona fide utility and lack of genuine […]
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