Is Staking Solana Halal?
Stakers can place their SOLs directly on the Solana network or send them to an active validator in order to guarantee the security of the Solana network and earn inflation rewards. As far as we can see this reward system does not contain Riba, Gharar, or Maisir and is therefore halal.
What Does The Muslim Crypto Community Think of SOL?
Marhaba DiFi‘s Shariah governance board also beleives Solana: SOL is halal.
Crypto Halal Office for Monitoring and Sharia auditing on cryptocurrency markets thinks Solana: SOL coin is a Halal digital asset based on its Shariah complaince screening.
Pratical Islamic Finance (PIF) is comfortable with Solana as a halal investment
Islamic Finance Guru (IFG) believes Solana: SOL is a halal cryptocurrency based on its method of Shariah complaince screening.
Sharlife considers Solana: SOL as a halal cryptocurrency based on the five areas assessed for Shariah complaince screening.
If you know of other academic or scholarly views on this, please add in comments and we will update accordingly. Alternatively, you may want to join our community of Muslims crypto investors and traders, to share, learn and profit from halal digital assets.
Is Solana Halal: Is SOL Crypto Coin Halal?
Yes, Solana: SOL crypto coin is Halal as it is a third-generation blockchain that supports a wide range DiFi solutions, including the development of decentralized applications (DApps) and smart contracts. This technology is not against Shariah guidelines so Muslims may invest, trade and stake SOL crypto coin.
We hope you found this useful. Please view our Halal Crypto List to find suitable digital asset investments, without compromising your Islamic faith.
