Topic: Is staking Halal or Haram In Islam ? - page 2. (Read 321 times)
I am Muslim and at first I also had the same question as you but when I studied more deeply, staking is not haram, why? because we help to hold tokens and also help stabilize prices in the market. Staking is the wages of the project. This is different from interest-bearing loans
I was looking at different aspects of staking and wondering if its Halal Or Haram in Islam as staking is similar to Interest.
Some people think staking is like mining , so if staking is not permissible then mining should also be non-permissible.
Some people say that Staking at exchanges like binance is Haram, as they offer fixed returns but staking on pancakeswap is allowed in religion as the returns are not fixed
Some say that Staking is not Halal overall, because in every kind of staking the quantity of coins get increased (interest is based upon quantity and not price), so if the price of coin (e.g Cake) goes up or down, it does not matter as the quantity of coin is increasing at fixed rate.
Its a debatable topic and hope someone gives a better advice.
Some people think staking is like mining , so if staking is not permissible then mining should also be non-permissible.
Some people say that Staking at exchanges like binance is Haram, as they offer fixed returns but staking on pancakeswap is allowed in religion as the returns are not fixed
Some say that Staking is not Halal overall, because in every kind of staking the quantity of coins get increased (interest is based upon quantity and not price), so if the price of coin (e.g Cake) goes up or down, it does not matter as the quantity of coin is increasing at fixed rate.
Its a debatable topic and hope someone gives a better advice.
Analyzing something by adjusting the data and facts to be clear and clear is highly recommended. Now, back to ourselves how to filter it. As far as I know, If we have the slightest doubt about something, whether it's related to trading or something else, that's no longer good.
For many of who are into Christianity, there is no question whether investing with cryptocurrency and staking them to earn some more can be allowed or not...most of the religious groups under the banner of Christianity seems to be liberal on this aspect and I still have to see a major group that issued prohibition to their members. Now, this can be different with Islam though I must admit am not really familiar with their belief system. Maybe we should be guided by a legit group that can go through this matter, study the Koran and the traditions uphold by Muslims everywhere can come up with a general guidelines. However, I am really hoping that it can be halal.
I was looking at different aspects of staking and wondering if its Halal Or Haram in Islam as staking is similar to Interest.
Some people think staking is like mining , so if staking is not permissible then mining should also be non-permissible.
Some people say that Staking at exchanges like binance is Haram, as they offer fixed returns but staking on pancakeswap is allowed in religion as the returns are not fixed
Some say that Staking is not Halal overall, because in every kind of staking the quantity of coins get increased (interest is based upon quantity and not price), so if the price of coin (e.g Cake) goes up or down, it does not matter as the quantity of coin is increasing at fixed rate.
Its a debatable topic and hope someone gives a better advice.
I don't want to give advice because I'm not a Muslim and we need someone who has good views on both subject staking and Muslim laws on Halal and Haram I find this one article that gives fair views on the subjectSome people think staking is like mining , so if staking is not permissible then mining should also be non-permissible.
Some people say that Staking at exchanges like binance is Haram, as they offer fixed returns but staking on pancakeswap is allowed in religion as the returns are not fixed
Some say that Staking is not Halal overall, because in every kind of staking the quantity of coins get increased (interest is based upon quantity and not price), so if the price of coin (e.g Cake) goes up or down, it does not matter as the quantity of coin is increasing at fixed rate.
Its a debatable topic and hope someone gives a better advice.
ANALYSIS, IS IT HALAL?
Crypto Staking: Halal or Haram?
This is his quote but you need to read the whole article to get a better insight into the subject
Quote
In the case of Crypto Staking I don’t see anything inherently harmful to the participants nor harmful to others.
I do think that it can be considered as a sort of investment therefore it's not a big deal that you have to think twice or even bring religion in between, what you can do is, leave it if you do feel that it is not really pertaining to your ideals, but at the same time I do think that different people will have different options and no one can make a statement about that.
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Stalking is more or so like earning passive income through your investments, which is completely reasonable. It's more or so more popular in the crypto world. ( For me I do think that it's not a bad deal at all, it's more like a partnership)
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Stalking is more or so like earning passive income through your investments, which is completely reasonable. It's more or so more popular in the crypto world. ( For me I do think that it's not a bad deal at all, it's more like a partnership)
and here in crypto, we don't talk about religion per se. everyone is welcome, just respect everyone's religion. this technology doesn't care about your religion you are in. now, it is up to you if certain crypto acitivities like staking can be categorised as halal or haram. because for sure, it is not yet included in your book as this is new technology. now, the leaders of islam, it depends on how they look at things here and they may be biased on how they label it according to their beliefs. as long as you are not harming anyone, i believe everything is fine.
You ask this because some religious people must be curious about what they are doing, whether it is in accordance with the teachings they profess or not.
But if I may speculate based on what I know so far, because I am Muslim. Regarding what you are asking, I want to ask first is betting still a part of gambling? Because for the general public, betting and gambling have been generalized the same. This means that it is related to gambling.
I won't go into too much detail, but that's the point literally the concept of betting is the same as gambling or not?
But if I may speculate based on what I know so far, because I am Muslim. Regarding what you are asking, I want to ask first is betting still a part of gambling? Because for the general public, betting and gambling have been generalized the same. This means that it is related to gambling.
I won't go into too much detail, but that's the point literally the concept of betting is the same as gambling or not?
I do think that it can be considered as a sort of investment therefore it's not a big deal that you have to think twice or even bring religion in between, what you can do is, leave it if you do feel that it is not really pertaining to your ideals, but at the same time I do think that different people will have different options and no one can make a statement about that.
••
Stalking is more or so like earning passive income through your investments, which is completely reasonable. It's more or so more popular in the crypto world. ( For me I do think that it's not a bad deal at all, it's more like a partnership)
••
Stalking is more or so like earning passive income through your investments, which is completely reasonable. It's more or so more popular in the crypto world. ( For me I do think that it's not a bad deal at all, it's more like a partnership)
I was looking at different aspects of staking and wondering if its Halal Or Haram in Islam as staking is similar to Interest.
Some people think staking is like mining , so if staking is not permissible then mining should also be non-permissible.
Some people say that Staking at exchanges like binance is Haram, as they offer fixed returns but staking on pancakeswap is allowed in religion as the returns are not fixed
Some say that Staking is not Halal overall, because in every kind of staking the quantity of coins get increased (interest is based upon quantity and not price), so if the price of coin (e.g Cake) goes up or down, it does not matter as the quantity of coin is increasing at fixed rate.
Its a debatable topic and hope someone gives a better advice.
The funny fact is that religion will bend according to new invention, initially people will be against it and then they will accept them and historically we have seen that and it will be like that in the future Some people think staking is like mining , so if staking is not permissible then mining should also be non-permissible.
Some people say that Staking at exchanges like binance is Haram, as they offer fixed returns but staking on pancakeswap is allowed in religion as the returns are not fixed
Some say that Staking is not Halal overall, because in every kind of staking the quantity of coins get increased (interest is based upon quantity and not price), so if the price of coin (e.g Cake) goes up or down, it does not matter as the quantity of coin is increasing at fixed rate.
Its a debatable topic and hope someone gives a better advice.
. Basically it is stupidity to combine religion to each and every aspect, if anyone thinks that staking or mining is against their philosophy just do not do that, the problem i have is finding out the justification from others which does not make any sense because the aspect of newer technology will not be there in any religious text and the concept of flying and making long distance calls were super natural when these religions were created
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In Islamic view staking is haram. Because you hold something and day by day without any effort it's increasing. It is mostly like as interest from bank by holding money. Also you can't tell staking as a business. Because you don't do anything, there is no chance to lose. So staking is fully haram. Also you can talk with this matter with a good renowned Islamic sheikh for getting the answer with the definition.
I'm not sure if this topic is suitable for discussion in the "bitcoin discussion" section
My country has quite an influential and large Islamic organization, they explicitly say Bitcoin and cryptocurrencies are "Haram" including all kinds of activities in it
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in general Haram is an activity that is prohibited by religion (God) and staking is almost like a bank depositMy country has quite an influential and large Islamic organization, they explicitly say Bitcoin and cryptocurrencies are "Haram" including all kinds of activities in it
I was looking at different aspects of staking and wondering if its Halal Or Haram in Islam as staking is similar to Interest.
Some people think staking is like mining , so if staking is not permissible then mining should also be non-permissible.
Some people say that Staking at exchanges like binance is Haram, as they offer fixed returns but staking on pancakeswap is allowed in religion as the returns are not fixed
Some say that Staking is not Halal overall, because in every kind of staking the quantity of coins get increased (interest is based upon quantity and not price), so if the price of coin (e.g Cake) goes up or down, it does not matter as the quantity of coin is increasing at fixed rate.
Its a debatable topic and hope someone gives a better advice.
Getting interest rate is haram in Islam so staking is somewhat similar to it,Some people think staking is like mining , so if staking is not permissible then mining should also be non-permissible.
Some people say that Staking at exchanges like binance is Haram, as they offer fixed returns but staking on pancakeswap is allowed in religion as the returns are not fixed
Some say that Staking is not Halal overall, because in every kind of staking the quantity of coins get increased (interest is based upon quantity and not price), so if the price of coin (e.g Cake) goes up or down, it does not matter as the quantity of coin is increasing at fixed rate.
Its a debatable topic and hope someone gives a better advice.
But do we have to really care about this, even the sharia law has been changed already to modern technologies by many Islamic countries.
You are not harming anyone while staking but the actual reason for saying don't collect interest is to save people from getting into debt and become a slave in the old age.
In the eyes of Islam, it is haraam to increase your wealth without any effort. As I can say for example you put some money to a man and from that money If you are given more money then it is completely haram. I mean, as you put some money at interest, the money that you get in addition to your honor is completely haram. In that proportion Since you will be stacking then I would say that it is haram in the eyes of Islam if your capital is increasing through stacking.
I was looking at different aspects of staking and wondering if its Halal Or Haram in Islam as staking is similar to Interest.
Some people think staking is like mining , so if staking is not permissible then mining should also be non-permissible.
Some people say that Staking at exchanges like binance is Haram, as they offer fixed returns but staking on pancakeswap is allowed in religion as the returns are not fixed
Some say that Staking is not Halal overall, because in every kind of staking the quantity of coins get increased (interest is based upon quantity and not price), so if the price of coin (e.g Cake) goes up or down, it does not matter as the quantity of coin is increasing at fixed rate.
Its a debatable topic and hope someone gives a better advice.
Some people think staking is like mining , so if staking is not permissible then mining should also be non-permissible.
Some people say that Staking at exchanges like binance is Haram, as they offer fixed returns but staking on pancakeswap is allowed in religion as the returns are not fixed
Some say that Staking is not Halal overall, because in every kind of staking the quantity of coins get increased (interest is based upon quantity and not price), so if the price of coin (e.g Cake) goes up or down, it does not matter as the quantity of coin is increasing at fixed rate.
Its a debatable topic and hope someone gives a better advice.
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