Religious Matters

Queries pertaining to religious matters. What’s Allowed and What is Not
  • Are Meme Coins Halal or Haram ?

    Any meme coin which brings value or has a use case is Halal, if a meme coin is just being traded in hopes it will go up or down (speculative)…

  • Is Binary Option Trading Halal or Haram

    In Binary Options you are not buying a real stock or selling that stock to another person. You are betting whether the stock price will be higher or lower than…

  • Do I Pay Zakat on Cryptocurrency ?

    Yes. You do pay zakat on your cryptocurrency if it’s priced higher than 87.48 grams (7.5 tola) of gold and 612.36 grams (52.5 tola) of silver, and held for a…

  • Is CryptoCurrency Halal or Haram ?

    Allah knows best but there is no explanation to call cryptocurrency Haram as a whole. We are not islamic scholar to make a verdict but can say with limited knowledge…

  • Do we have to pay Zakat on our NFTs?

    No Zakat is due on NFT’s if they are treated as personal possessions or held as personal collection. However if you trade in NFT’s and buy / sell to make…