Shariah and Finance. How to understand Islamic Financial Law?
Gain insights into Islamic finance and learn how Muslims can engage with cryptocurrency in a way that aligns with Shariah principles.
✍️ Islamic Financial Law Basics
Islamic finance prohibits interest (riba), excessive uncertainty (gharar), and investments in sectors against Islamic values, like gambling, promoting fair and beneficial practices.
💡 Shariah-Compliant Crypto Engagement
To safely interact with crypto, look for projects that avoid prohibited activities and emphasize ethical standards. Cryptocurrencies like $ISLM are designed to align with Shariah.
⚖️ Key Principles:
1. Clear, fair transactions with no hidden terms.
2. Preferably tied to real assets to avoid speculation.
3. Should align with Islamic values and serve a positive purpose.
Following these principles allows for confident and faith-aligned financial decisions. Join @TassbeehBot to find out more! ☪️