Articles and Insights
Ice Open Network: Market Trends, Price Predictions, and Ecosystem Insights
The Ice Open Network (ICE) has been gaining attention in the cryptocurrency market, particularly following its recent launch and the ongoing developments within its ecosystem. This article explores the current state of the Ice Open Network, its price predictions, and the broader implications for investors and users.
Zulhaikal, Senior Consultant11 Mar 2025
Decentralized Science: A New Movement in the Crypto Market
Decentralized Science, or DeSci, is an emerging movement that seeks to revolutionize the way scientific research is conducted, funded, and shared. By leveraging blockchain technology, DeSci aims to create a more open, collaborative, and equitable scientific ecosystem. This article explores the principles of DeSci, its key components, and why it is poised for significant growth in 2025.
Zulhaikal, Senior Consultant10 Mar 2025
Inside Bybit's Recovery: The Exchange Plan for Stability and Growth
In February 2025, Bybit faced a monumental challenge when it suffered a record-breaking hack resulting in the theft of approximately $1.5 billion. The hack occurred during an internal transfer from a secure "cold wallet" to a "warm wallet," where hackers exploited security vulnerabilities to intercept and reroute funds. Despite the severity of the breach, Bybit demonstrated resilience and efficiency in its recovery efforts.
Zulhaikal, Senior Consultant06 Mar 2025
Fall of Wall Street: The Market's Decline Amidst New Tariffs by Trump
Recently, the global financial landscape was shaken by U.S. President Donald Trump's announcement of new tariffs on Canada, Mexico, and China. These tariffs have had a profound impact on Wall Street, with stocks experiencing significant declines on Monday and Tuesday. But what is Wall Street, and how are these tariffs affecting it?
Zulhaikal, Senior Consultant06 Mar 2025
The Social Impact of Zakat
Can a simple act of giving change an entire society? In Islam, zakat does exactly that. More than just a religious duty, zakat is a powerful economic tool that fights poverty, fosters social justice, and strengthens communal bonds. As one of the five pillars of Islam, it is an obligatory act of charity imposed on eligible Muslims, designed not only as a means of worship but as a systemic mechanism for wealth redistribution and sustainable development.
Zulhaikal, Senior Consultant28 Feb 2025
Critics Against Crypto Reserves: Why Some Experts Remain Skeptical
The concept of crypto reserves has gained traction as exchanges, institutions, and even some governments explore digital assets as part of their financial ecosystems. However, not everyone is convinced that cryptocurrencies are suitable for reserves. Critics, including institutions like the World Bank, highlight several key issues that make crypto-assets unfit for use as reserve assets today. In this article, we explore the main arguments against crypto reserves and why skepticism persists.
Zulhaikal, Senior Consultant04 Mar 2025
Bybit Hack: What Happened & How Investors Can Stay Secure
The cryptocurrency world was shaken recently as Bybit, one of the leading crypto exchanges, reportedly suffered a security breach. This has left many investors questioning the safety of their funds and looking for ways to minimize risks. Hacks on centralized exchanges (CEXs) are not new, but they serve as an urgent reminder for investors to take security seriously. In this article, we’ll cover what happened in the Bybit hack, its impact on investors, and the steps you should take to protect your assets.
Zulhaikal, Senior Consultant24 Feb 2025
Surviving in a Crypto Bear Market
The cryptocurrency market has always been known for its dynamic cycles of highs and lows. After several months of experiencing a bullish trend, where prices soared and optimism ran high, the market is now showing signs of a decline. For many investors, this transition can be unsettling. However, understanding market behavior and staying informed can help navigate these shifts effectively.
Zulhaikal, Senior Consultant26 Feb 2025
Zakat in the Digital Age: How Technology is Changing Islamic Giving
Zakat, one of the five pillars of Islam, has always been a crucial mechanism for wealth redistribution and social welfare. Traditionally, zakat was given on physical assets such as gold, silver, livestock, and agricultural produce. However, as financial systems evolve, so too does the application of zakat. Today, with the emergence of stocks, cryptocurrencies, and digital assets, zakat has expanded beyond traditional forms, requiring new rulings and innovative solutions to ensure compliance with Shariah principles.
Zulhaikal, Senior Consultant19 Feb 2025
Meme Coins: Halal or Haram?
Meme coins have taken the crypto world by storm, attracting investors with their hype-driven price surges and community-driven appeal. Unlike traditional cryptocurrencies such as Bitcoin or Ethereum, which are built on strong technological foundations, meme coins often rely on internet culture, social media trends, and speculative trading. Platforms like Pump.fun have made it easier than ever to launch meme coins, leading to a flood of new tokens in the market. Even the President of the United States has introduced his own meme coin, $TRUMP, fueling further interest. However, this rapid expansion has sparked an important question among Muslim investors: Are meme coins Shariah-compliant? This article will explore the nature of meme coins and their compatibility with Islamic financial principles.
Zulhaikal, Senior Consultant18 Feb 2025
Pi Network: A Revolutionary Digital Currency or Just Hype?
The long-awaited Pi Network Open Mainnet officially launched today, February 20, 2025, marking a significant milestone in the cryptocurrency world. After over six years of development and anticipation, Pi Network has transitioned from an enclosed ecosystem to a fully decentralized blockchain, enabling external transactions, exchange listings, and broader utility for its native cryptocurrency, Pi Coin.
Zulhaikal, Senior Consultant20 Feb 2025
Trade wars and their impact on the crypto world.
Recently, trade tensions between the U.S. and China have intensified, sending shockwaves across global markets. But how is this affecting the cryptocurrency ecosystem?
Zulhaikal, Senior Consultant13 Feb 2025
What is the hype around $XCN?
Onyxcoin ($XCN) has recently gained significant attention in the crypto market due to its price surge and ongoing ecosystem developments. But what exactly is $XCN, and what’s driving its rise? More importantly, is it Shariah-compliant?
Zulhaikal, Senior Consultant10 Feb 2025
Zakat on Digital Assets: A New Frontier in Islamic Finance
In the age of digital transformation, wealth is no longer limited to physical assets like cash, gold, or real estate. The rise of digital assets—cryptocurrencies, NFTs, e-wallet balances, and tokenized securities—has reshaped the financial landscape, raising crucial questions in Islamic finance. Among these, one key issue stands out: Are digital assets subject to Zakat?
Zulhaikal, Senior Consultant07 Feb 2025
What is $WELF?
The $WELF token is a key component of the Welf ecosystem, which aims to bridge traditional finance with digital innovations. Launched on December 19, 2024, the token is designed to facilitate transactions within the Welf platform, enable governance participation, and provide access to premium services. The listing on MEXC, a prominent cryptocurrency exchange, marked a significant milestone for the project after successful initial decentralized offerings (IDOs) that demonstrated high demand from investors.
Zulhaikal, Senior Consultant04 Feb 2025
Inshallah.fi: A Halal Defi Alternative for Muslim Investors
The need for Shariah-compliant cryptocurrency solutions has become increasingly important as the Islamic finance sector expands. With an estimated market size of over $4 trillion, Islamic finance principles prohibit earning interest and engaging in transactions deemed haram (forbidden). Traditional Ethereum staking, which often involves validating transactions that may include interest-based activities, poses challenges for compliance with these principles.
Zulhaikal, Senior Consultant3 Feb 2025
What you should watch out for $Trump
On January 18, 2025, President-elect Donald Trump launched the $TRUMP meme coin, a cryptocurrency designed to capitalize on his popularity and the fervor surrounding his political persona. The token aims to engage supporters by allowing them to express their allegiance through digital assets, reflecting the characteristics of meme coins that often lack fundamental economic value.
Zulhaikal, Senior Consultant31 Jan 2025
The Green Future of Crypto: How Chia is Changing the Game
The rapid rise of cryptocurrencies has brought incredible innovation, but it has also raised significant concerns about environmental sustainability. Traditional proof-of-work (PoW) systems, such as Bitcoin's, require immense energy consumption for mining, leaving a notable carbon footprint. Enter Chia Network—a blockchain platform that introduces Proof of Space and Time (PoST), a revolutionary consensus mechanism aiming to create a greener, more energy-efficient cryptocurrency ecosystem.
Zulhaikal, Senior Consultant17 Jan 2025
Ethereum Stake Rate: A Key Metric in the Cryptocurrency Ecosystem
As the cryptocurrency market heats up in the midst of a bullish phase, Ethereum remains a focal point for investors and developers alike. With its price surging and network activity intensifying, Ethereum's stake rate has become a critical metric for understanding the health and dynamics of the blockchain. The stake rate doesn’t just reflect the confidence of participants—it also impacts Ethereum's security, decentralization, and overall economic structure. This article unpacks what the stake rate means, why it matters, and how it shapes Ethereum's future.
Zulhaikal, Senior Consultant19 Dec 2024
Zakat on Cryptocurrency
In today’s fast-evolving world of technology, opportunities continue to emerge in various aspects of life, including financial transactions and religious obligations. Recently, the Pusat Pungutan Zakat (PPZ) launched a groundbreaking initiative, allowing zakat payments to be made using digital assets, including cryptocurrencies. Adding to this innovation, Sharlife has been appointed as the first official zakat collection agent to facilitate payments through cryptocurrencies.
Zulhaikal, Senior Consultant20 Dec 2024
Bitcoin as a Strategic Reserve: What it Means for Investors
Imagine a future where Bitcoin rivals gold as a national reserve asset. Recent proposals like Senator Cynthia Lummis’s BITCOIN Act of 2024 suggest this might not be far-fetched. The act proposes that the U.S. Treasury acquire one million Bitcoins over five years, positioning it as a strategic reserve to hedge against inflation, reduce national debt, and solidify the U.S.’s dominance in financial innovation. With former President Trump’s re-election fueling pro-Bitcoin sentiment, this bold initiative could mark a significant shift in how nations view digital assets. But what does this mean for investors?
Zulhaikal, Senior Consultant18 Dec 2024
Pump.fun: Is It Innovative, Or Just A Gambling Machine?
Pump.fun has quickly become known as an innovative platform for creating and trading memecoins on the Solana blockchain. It makes launching tokens easy and accessible for both crypto fans and community builders. However, its risky nature and recent updates have sparked discussions about its impact, especially regarding whether it follows Shariah principles.
Zulhaikal, Senior Consultant11 Dec 2024
Halogen Capital: Pioneering Digital Asset Fund Management in Malaysia
Halogen Capital stands at the forefront of Malaysia's digital asset investment landscape. By combining regulatory compliance with innovative product offerings and a commitment to ethical investing principles, it is poised to reshape how Malaysians engage with cryptocurrencies and other digital assets. As the firm continues to expand its portfolio and reach, it represents a significant step forward in making digital asset investments more accessible and secure for a wider audience.
Zulhaikal, Senior Consultant06 Dec 2024
Is Gaming Crypto Halal?
Gaming cryptocurrencies have emerged as a significant sector within the broader cryptocurrency ecosystem, combining the worlds of blockchain technology and video games. These digital assets are designed to facilitate in-game transactions, reward players, and create new economic models within gaming environments. However, from an Islamic perspective, several considerations must be taken into account when evaluating the permissibility of engaging with gaming cryptocurrencies.
Zulhaikal, Senior Consultant20 Sep 2024
Exploring Central Bank Digital Currency: A New Era of Finance
Imagine a future where you no longer carry cash, payments are fast and easy, and everyone has access to financial services. Welcome to the world of Central Bank Digital Currencies (CBDC), a big step forward in how we use money.
Zulhaikal, Senior Consultant03 Dec 2024
Shariah Perspective on Free Airdrops
Getting free cryptocurrency tokens through airdrops sounds exciting, but are they really halal? In Islamic finance, not all airdrops are as harmless as they seem. Some may be tied to activities like riba (interest) or gambling, and some of them may contradict the terms and conditions of buying and selling in Islam, making them non-compliant with Shariah. Before you accept or use these tokens, it’s important to know how to purify them and stay within halal guidelines.
Zulhaikal, Senior Consultant04 Dec 2024
Luno Bundles: Crypto Made Easy, But Is It Shariah-Compliant?
Cryptocurrency investments are becoming more popular in Malaysia as more people learn about them and look for new ways to grow their wealth. However, for busy individuals, managing investments and keeping up with the 24/7 crypto market can be overwhelming. To make things easier, Luno has introduced Luno Bundles, a feature that helps simplify crypto investments while following Malaysia’s financial rules.
Zulhaikal, Senior Consultant28 Nov 2024
Crypto Trends to Watch: Ethical Investing for Muslim Traders Seeking Barokah
The cryptocurrency market is making headlines yet again as Bitcoin reaches an all-time high in light of market optimism and world events such as the U.S. election and the resurgence of public figures like Donald Trump. With Bitcoin's rise, green charts are appearing everywhere, drawing in investors eager to take advantage of the historic surge. But the current crypto excitement far beyond Bitcoin alone new digital assets like memecoins (Dogecoin and Squirrel), celebrity-backed tokens (WLFI).
Zulhaikal, Senior Consultant22 Nov 2024
Is Bitcoin Halal? A Shariah Analysis From Sharlife
Bitcoin (BTC) continues to break records, reaching new all-time highs and gaining acceptance from investors and even governments. This growing global interest raises a vital question for the Muslim community: Is Bitcoin Shariah-compliant? This analysis explores Bitcoin’s compatibility with Islamic principles through the lens of the Sharlife Methodology.
Zulhaikal, Senior Consultant20 Nov 2024
The Future of Finance: How Banks Are Embracing Digital Asset Tokenization
Digital asset tokenization is revolutionizing the way traditional financial assets are managed, traded, and transferred. By converting physical or financial assets into digital tokens that can be traded on blockchain platforms, tokenization offers numerous benefits such as increased liquidity, enhanced transparency, and broader accessibility for investors. As a result, many leading banks worldwide have embraced this innovation, aiming to reshape the future of financial markets and investment opportunities.
Zulhaikal, Senior Consultant19 Nov 2024
Blockchain in Healthcare: How MediBloc Can Transform Medical Data Management in Malaysia and Worldwide
Healthcare is essential, yet accessing complete health data remains a challenge, particularly in Malaysia, where both private and public sectors still rely heavily on traditional record-keeping methods, such as paper-based medical records. A promising solution to improve data accessibility and security is a blockchain-based system like MediBloc, which is designed to make health information easier to access, secure, and globally compatible.
Zulhaikal, Senior Consultant14 Nov 2024
Why Bitcoin Movements Affect the Prices of Other Cryptocurrencies
Bitcoin’s price movements often impact the entire cryptocurrency market, setting trends that other digital assets, or "altcoins," tend to follow. Usually, when Bitcoin goes up, altcoins do as well. There are numerous interconnected factors driving this effect that position Bitcoin as the primary influence within the crypto ecosystem. Take a closer look at why Bitcoin leads the rest of the market and introduce some political circumstances that would be in play as we recently headed for U.S. elections.
Zulhaikal, Senior Consultant13 Nov 2024
AI Trading Agent: Coinbase’s Based Agent and its Shariah Compliance
Coinbase has introduced a new tool called Based Agent, designed to enable users to quickly create AI agents capable of performing a variety of cryptocurrency tasks. With its user-friendly interface and powerful capabilities, the tool promises to simplify AI deployment within the cryptocurrency ecosystem, enhancing both trading efficiency and automation in decentralized finance (DeFi).
Zulhaikal, Senior Consultant11 Nov 2024
How Crypto Airdrop Scams Work?
Airdrops are free token distributions to wallets, often used to gain attention and grow a user base. While they offer benefits, scams are on the rise, with fraudsters copying real projects to trick users and cause financial losses.
Zulhaikal, Senior Consultant01 Nov 2024
Bybit Islamic Account - Transforms Muslim Participation in Crypto
Bybit has introduced its dedicated Islamic trading account, marking a significant step towards bridging the gap between traditional Islamic financing and contemporary cryptocurrency trading. This project enables Muslim investors who want to participate in the cryptocurrency market while adhering to their religious beliefs to trade digital assets.
Zulhaikal, Senior Consultant25 Oct 2024
Can Lottery Become Halal?
A new idea allows people to earn lottery chances by doing good deeds, like helping others or doing well in school. However, since uncertainty (gharar) is discouraged in Islam, the question arises: Are these effort-based lotteries allowed? This article will explore how they work and examine them from a Shariah perspective
Zulhaikal, Senior Consultant23 Oct 2024
Worldcoin: Revolutionizing Global Finance and Digital Identity
Worldcoin is an innovative project that combines AI technology with cryptocurrency to create a unique digital identity verification system. The initiative utilizes eye-scanning orbs to establish "proof of personhood," allowing individuals to participate in the digital economy securely and privately.
Zulhaikal, Senior Consultant15 Oct 2024
Luno's Latest Crypto Listings and its Market Insights
On September 12, 2024, Luno, Malaysia's leading regulated digital asset exchange, announced the addition of five new DeFi coins to its platform. These include Aave (AAVE), Curve (CRV), Maker (MKR), Synthetix (SNX), and Stellar (XLM). With these new additions, Luno now offers 18 digital assets, marking its largest batch of launches in the country to date.
Nur Fathiyah, Analyst14 Oct 2024
Discover Sharlife's Crypto Screener
Sharlife Trading Signals provide insights based on a range of technical indicators and strategies. These signals help traders identify potential entry and exit points for specific cryptocurrencies, making them valuable tools for both beginners and experienced traders.
Zulhaikal, Senior Consultant11 Oct 2024
Shariah Perspective on Rug Pull
Initial Coin Offerings (ICOs) have become popular for raising funds for new cryptocurrency projects. However, reports show that nearly 90% of ICOs fail, highlighting the significant risks in this space. (Emily Dean, icobench.com, 2023) But why is this happening? One common scam in the cryptocurrency world is known as the "rug pull." This happens when project creators build excitement to raise the value of their coins, only to disappear with the money, leaving investors with nothing. This article will explain the rug pull and explore its Shariah perspective
Zulhaikal, Senior Consultant10 Oct 2024
Is Wash Trading Permissible?
Have you heard of wash trading? It’s a deceptive practice used by some individuals to manipulate online markets for profit. In wash trading, a person buys and sells the same asset repeatedly to themselves, creating the false appearance of high demand. This tactic is common in digital currencies and NFTs, and many are concerned about its impact on market integrity
Zulhaikal, Senior Consultant08 Oct 2024
"Tap to Earn" from Shariah Perspective.
In the ever-evolving landscape of cryptocurrency, a new trend has emerged: "Tap to earn" crypto. This innovative concept has captured the attention of many in the digital currency community, promising an easy way to earn cryptocurrency through simple actions on mobile devices. While some of us may have already engaged in this activity, others might still be questioning whether it complies with Islamic principles.
Zulhaikal, Senior Consultant25 Sep 2024
Shariah Perspective on Stablecoins
Stablecoins have emerged as a significant innovation in the cryptocurrency ecosystem, offering a bridge between the volatility of traditional cryptocurrencies and the stability of fiat currencies. This article explores the concept of stablecoins and examines their permissibility from an Islamic finance perspective, including the Shariah views on holding stablecoins.
Zulhaikal, Senior Consultant23 Sep 2024
How Halal and Haram Crypto Partnerships Affect Shariah Compliance.
In the fast-changing world of cryptocurrency, innovations continue to emerge at a rapid pace. As the crypto ecosystem expands, we're witnessing an increasing number of partnerships and alliances within the industry. This trend of partnerships has raised important questions for Islamic investors who must adhere to Shariah principles. A particularly complex issue has come to the forefront: What happens when a halal (permissible) cryptocurrency forms a partnership or alliance with a haram (forbidden) one?
Zulhaikal, Senior Consultant22 Aug 2024
How to purify Shariah non-compliant Investments?
In today's diverse investment landscape, Muslims have access to a wide array of investment options, including stocks, cryptocurrencies, gold, and various other financial instruments. While many investors strive to maintain Shariah compliance in their portfolios, the dynamic nature of markets and companies can sometimes lead to changes in the Shariah status of investments. Additionally, investors may occasionally find themselves holding Shariah non-compliant assets due to oversight or market shifts. This article explores the concept of investment purification and guides how to address these situations from an Islamic perspective.
Nur Fathiyah, Analyst04 Oct 2024
Is exchange token Shariah compliant?
Recently, we have received a lot of questions regarding the status of exchange tokens. Some questioned why the status of the exchange token is Shariah compliant, even though the exchange has non-shariah compliant features like derivatives market and insurance. This is an explanation as to why we marked it as Shariah-compliant.
Zulhaikal, Senior Consultant9 Aug 2024