The value of Solana rose two hundred times faster than the value of bitcoin in the first nine months of 2021.
In this video I break down what Solana is, what are its advantages, how it compares to Ethereum, its current valuation, and whether or not I will be buying Solana.
Cardano is one of the largest cryptocurrencies by market cap.
In this article, we’re going to talk about what Cardano is, how it compares to its main competition Ethereum, and at the end, I’m going to let you know if I’ll be buying any of it.
This week’s PIF weekly roundup podcast episode covers recent events from an Islamic perspective, including:
• Palantir stock (PLTR), is it halal?
• The recent crypto hack and what it means about cryptocurrencies in general.
• The recent spike in Delta variant cases and its potential effects on the market.
Rakaan Kayali and Dr. Ahmed Badreldin address the biggest financial headlines of the last week.
This week’s topics include:
Robinhood’s IPO and subsequent transformation into a meme stock.
What’s happening with Ethereum?
Crypto investing vs. stock investing.
Cryptocurrencies, are they halal?
Does money need to be issued by the state in Islam?
While Liquidity Mining may sound like riba, sounding like something is not sufficient.
For riba to be present, there has to be a loan of money wherein the lender has the expectation of benefiting from their loan.
In this article I give my answers for the following questions:
What are non-fungible tokens (NFTs)?
Are NFTs Halal?
What is decentralized finance (Defi)?
Is Defi halal?
What is Ethereum?
Is Ethereum halal?
Am I buying Ethereum?
While crypto staking may sound like riba, sounding like something is not sufficient.
For riba to be present, there has to be a loan of money wherein the lender has the expectation of benefiting from their loan.
I examine the evidence behind the claims that Halal money should be backed by Gold or Silver or commodities or have intrinsic value.
The result of this examination helps determine if there is any merit to the argument that Bitcoin should be prohibited in Islam because it does not have any intrinsic value.
I also touch on the matter of how to preserve the value of money over time and whether or not the ability of money to act as a store of value has anything to do with what money is made of.
