Assalamu alaikum brothers, I saw that you asked a question a long time ago about whether cryptocurrency is halal if it is halal in itself, a halal utility, but there is interest-based staking in the ecosystem (not PoS). Have you found out if these kinds of projects are halal, because I’m already avoiding them, and there are many of them, which makes trading difficult for me with low market cap tokens.
Walaikum salam.
This market is evolving and so is our knowledge so what someone may have said a long while ago may be very different now. Without knowing your reference I cant really comment on historic views, but the short answer to your question based on my understanding is, yes.
You can invest in tokens, where only the staking part is haram, but the coin/ project itself is halal. Your transaction in this case is permissable as you are not staking. Buying, selling, holding a halal asset is acceptable as it would be a halal/ permissable transaction.
Having said that for cautious investors its always recommended to go with projects that are more halal than less so. Our latest screening method has a section purely for staking so you can see exactly what projects to avoid.
Hope this helps
I am interested in whether Seikh Dr. Farukh Habib or Mufti Faraz Adam also said this, because I learned a lot from them?
Second part of question:
And what if a part of the purchase of services with a token, a part of the token goes to the stackers as interest, or what if a part of the trading fees on dex is given to the stackers?
Likewise, staking can have a positive or negative effect on the price to some extent, what about that?