A fatwa is an Islamic legal opinion. Over the past few years, scholars have issued fatwas regarding cryptocurrency. Most fatwas conclude that cryptocurrency can be halal if used for legitimate trade and avoids speculation. Muslims are encouraged to consult credible scholars or Islamic finance boards before investing in new coins or platforms.
Article 4: How to Check if a Crypto Coin is Halal To ensure a coin is halal, check if it is backed by real assets, is transparent in operations, and avoids interest or speculation. Islamic crypto advisory boards sometimes provide a list of halal-approved coins. Always research and avoid coins promising unrealistic profits.