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.
What makes a crypto coin Shariah Compliant? Read More »
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.
Zakat on Assets – A Quick Review Read More »
SAFE documents are not loans. They are warrants for future equity. The structure found in the SAFE agreement is permissible and offers a viable, interest-free solution to early stage funding for Shariah compliance minded investors.
Is SAFE document Equity Conversion Shariah Compliant? Read More »
While preparing my Masters thesis, I came a across an interesting quote from Muhammad b. Idris al-Shafi’i, the famous jurist and author of the first work of Islamic legal theory, al-Risalah. After explaining the need to consult others before issuing juristic opinion:
Consultation, Moral Hazard, & Shariah Boards Read More »
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