Are meme coins halal? In short, most meme coins raise serious Shariah concerns because they lack clear utility and rely on speculation. This guide covers what meme coins are, the concerns involved, a 5-point checklist, Solana meme coins and how to check a coin on our screener.
Is Bitcoin halal? A direct answer based on Sharlife's published Bitcoin analysis. Includes how Malaysia's SC Shariah Advisory Council classifies digital currency, the concerns scholars raise, and how holding, trading and leverage differ.
Is crypto staking halal? This guide explains what staking is and how it works, then looks at it from a Shariah perspective: whether staking rewards involve riba, how staking differs from gambling, when staking is allowed, and how to check a staking asset.
DSR (Debt Service Ratio) is the percentage of your net monthly income used to repay debts each month. Learn the DSR meaning in banking, the formula, a worked RM example, what Malaysian banks check, how to lower your DSR and how to calculate yours before applying for financing.
The rapid advancement of technology todayâparticularly in the realm of digital currencies such as cryptocurrencyâhas sparked growing interest and debate within the Muslim community, especially regarding the halal or haram status of its use. Beyond major cryptocurrencies like Bitcoin and Ethereum, meme coins have also emergedâspeculative tokens that have captured the attention of many crypto enthusiasts. The rise of meme coins often fuels discussions about their Shariah compliance, as they are frequently associated with speculation rather than real economic value.The discussion around cryptocurrency is not limited to its use as a trading tool, but also extends to its role as a long-term investment assetâfor example, Bitcoin, which is often referred to as âdigital gold.â As the adoption of cryptocurrency continues to expand, particularly among Muslims, the question of its permissibility under Islamic principles becomes increasingly important to ensure alignment with Shariah values.
In recent years, the stock market is becoming increasingly attractive, drawing many new investors eager to step into the world of equities. However, are all the stocks listed in the market truly Shariah-compliant? Finding stocks that align with both strong financial performance and Islamic principles can be challengingâespecially for Muslim investors who may lack deep financial knowledge. Many of the world's most valuable companies fail to meet Islamic investment criteria due to their involvement in interest-based finance, prohibited businesses, or controversial activities. Nevertheless, there are still numerous companies that not only pass Shariah screening but also show strong potential for generating high returns.
In a move that has shocked the digital finance world, World Liberty Financial, a decentralized financial venture backed by President Donald Trump and his family, launched the USD1 stablecoin on March 25, 2025. USD1 promises stability, full backing by cash assets and U.S. government securities, and collaboration with renowned asset custody company BitGo. It will soon be traded on the Ethereum and Binance Smart Chain networks. But is USD1 just another typical stablecoin in the market, or is this the beginning of a major revolution in digital finance?
Crypto is no longer foreign to every investor or the public, which is a digital asset today. Among the famous crypto tokens are bitcoin, ethereum and solana which are widely used in the blockchain ecosystem. However, its very volatile nature causes many investors to be cautious in avoiding the risk of significant losses, especially in a bear market. Therefore, maximum drawdown is used to measure the rate of loss in the value of a portfolio or asset for a certain period. This article will explain further how maximum drawdown can help investors in a bear market.
Recently, a controversy emerged involving a prominent Islamic figure linked to a Shariah-compliant investment scheme based on iRCPS. The investment offering reportedly led to significant losses for many investors. This scheme introduced an investment instrument called Islamic Redeemable Convertible Preference Shares (iRCPS). The question is: is it truly Shariah-compliant, or merely a trap wrapped in Islamic terminology?
Throughout early 2025, the cryptocurrency market faced a significant downturn, driven by global economic uncertainty, shifting investor sentiment, and changing monetary policies. During these bear market periods, many investors panic, sometimes making hasty decisions that lead to losses. But did you know thereâs a segment of the crypto ecosystem designed to maintain its value, even in turbulent times? Enter stablecoins.
Israel is known as the 'Startup Nation', not only in the conventional tech sector but also in the rapidly growing world of blockchain and cryptocurrency. The country is home to various impactful crypto projects and companies on the global stage. However, in the current contextâamid rising awareness and solidarity for the Palestinian struggleâmany have become more cautious about supporting products or technologies based in Israel. This is seen as a symbolic gesture of solidarity with the Palestinians defending their homeland.
Donald Trump, the President of the United States, announced a policy of reciprocal tariffs called âLiberation Dayâ on April 2, 2025. This move aims to protect the U.S. economy from trade exploitation by other countries while strengthening domestic industries. What is Trump planning with this tariff war, and what are the potential impacts on the stock and crypto markets?
On 18 March 2025, Israel launched a massive airstrike on Gaza after receiving the "green light" from U.S. President Donald Trump. The attack killed over 400 Palestinians, including women and children, while hundreds more were injured. This military action came after negotiations between Israel and Hamas failed to reach an agreement on hostage releases as previously decided. But what was in the ceasefire agreement, why did Israel attack despite signing it and can we invest in cryptocurrency originating from Israel?
The United States recently released its Consumer Price Index (CPI) data for February. The data showed a 0.2% increase in inflation, bringing the inflation rate to 2.8%. The increase in inflation has caused significant movements in the cryptocurrency market such as Bitcoin, XRP, Dogecoin and several other coins as a sign of reaction to the CPI report.
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.
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.
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.
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?
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.
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.
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, weâll cover what happened in the Bybit hack, its impact on investors, and the steps you should take to protect your assets.
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.
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.
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.
Recently, trade tensions between the U.S. and China have intensified, sending shockwaves across global markets. But how is this affecting the cryptocurrency ecosystem?
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 whatâs driving its rise? More importantly, is it Shariah-compliant?
In the age of digital transformation, wealth is no longer limited to physical assets like cash, gold, or real estate. The rise of digital assetsâcryptocurrencies, NFTs, e-wallet balances, and tokenized securitiesâhas reshaped the financial landscape, raising crucial questions in Islamic finance. Among these, one key issue stands out: Are digital assets subject to Zakat?
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.
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.
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.Â
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 Networkâa blockchain platform that introduces Proof of Space and Time (PoST), a revolutionary consensus mechanism aiming to create a greener, more energy-efficient 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 doesnât just reflect the confidence of participantsâit 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.
In todayâs 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.
Imagine a future where Bitcoin rivals gold as a national reserve asset. Recent proposals like Senator Cynthia Lummisâs 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.âs dominance in financial innovation. With former President Trumpâs 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?
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.
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.
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.
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.
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, itâs important to know how to purify them and stay within halal guidelines.Â
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 Malaysiaâs financial rules.
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).
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.
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.
Bitcoinâs 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.
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).
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.
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.
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
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.
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.
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.
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
Have you heard of wash trading? Itâs 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
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.
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.
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?
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.Â
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.
A Shariah Analysis
A Shariah Analysis
A Shariah Analysis
