What is the Zakat treatment of crypto-assets?

QUESTION What is the Zakat treatment of Crypto-assets?  ANSWER In the Name of Allah, the Most Gracious, the Most Merciful As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh Answer: The Zakat treatment of crypto-assets depends on two things: The type of crypto-asset The investment and trading strategy in crypto-asset To read more on our explanation of crypto-assets, you can […]
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NFTs: Shariah Compliant?

What are NFTs?  One of latest hypes in the crypto-space is Non-Fungible Tokens (NFTs). NFTs are described as a special type of token that represents a unique asset. The term fungible means something that can be replaced by something similar. It is a type of token that can’t be replaced by another similar token as […]
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My Thoughts on Crypto-assets

by Mufti Faraz Adam, Amanah Advisors from the book “Introduction to Islamic Fintech” The Nature of Crypto-assets My personal view regarding crypto-assets is that many can be deemed digital assets, whilst some have the potential to be even recognised as a medium of exchange for their specific networks only. To deny the existence of crypto-assets […]
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