There are three situations in the market currently where they use the word “staking” but mean something different each time. You need to learn what’s being *done* instead of just relying on the words used.
For those of you concerned with the Shariah compliance of the coins you are buying, Asking yourself these 5 questions will help guide your coin selection:
#1 – It is a store of value.
#2 – It is a medium of exchange.
#3 – Transparency about recourse.
#4 – Tokenomics are not ponzi-esque.
#5 – It has an established or projected, permissible real world use case.
Let’s talk Zakat on Assets:
– 1st, assets you do not pay Zakat on.
– 2nd, assets you do pay Zakat on.
– 3rd, deductions and expenses that lower your Zakat liability.
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