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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Does Shariah Compliant Mean Ethical?

A debate regularly emerges on the issue of ethics and Shari’a compliance. Start-ups grapple with the issue and wonder whether to use both or either of them. Some argue that Shari’a compliance does not necessarily mean being ethical. This brief article shall endeavour to explain how Shari’a is inherently value-laden and that Shari’a compliance incorporates […]
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Is Retail Forex Trading Shariah Compliant?

In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh. The Answer: Retail conventional Forex trading, where individuals are merely speculating on currency pairs, is non-Shariah Compliant. Brokers which offer Islamic FX accounts advertise their product with ‘no rollover/swap fees’. What is more important to determine is whether or not […]
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