Understanding Halal Cryptocurrency Trading Bots: What are They? Cryptocurrency trading bots are software programs designed to manage your cryptocurrency trades for you. They analyse market data, execute trades, and operate 24/7, even while you sleep. Halal cryptocurrency trading bots are those that comply with Islamic law, also known as Shariah law. They operate on the… Continue reading Halal Cryptocurrency Trading Bots: Automating Investment Strategies
Category: Articles
Evaluating Initial Exchange Offerings (IEOs) from an Islamic Perspective
In the rapidly evolving world of blockchain and cryptocurrency, Initial Exchange Offerings (IEOs) have emerged as a popular method for startups to raise funds. As with any financial activity, Muslims are keen to understand the Islamic perspective on participating in IEOs. This article aims to provide an overview of IEOs and discuss their compatibility with… Continue reading Evaluating Initial Exchange Offerings (IEOs) from an Islamic Perspective
What are Layer 1 Blockchains? A Comprehensive Overview of the Top Layer 1 Protocols
Blockchain technology has witnessed rapid development in recent years, leading to the emergence of various layer 1 blockchains. Layer 1 refers to the foundational layer of a blockchain network, responsible for consensus, transaction validation, and overall security. In this article, we will explore the concept of layer 1 blockchains and provide a concise overview of… Continue reading What are Layer 1 Blockchains? A Comprehensive Overview of the Top Layer 1 Protocols
How to Set Personal Financial Goals and Reach Them: A Comprehensive Guide
Setting personal financial goals is a crucial step towards achieving financial independence and stability. This article will guide you through the process of setting and reaching your financial goals, providing practical tips and strategies to help you on your financial journey. Understanding the Basics of Financial Goals Financial goals are objectives you set to guide… Continue reading How to Set Personal Financial Goals and Reach Them: A Comprehensive Guide
Understanding Bitcoin Halving: A Key Event in Cryptocurrency
What is Bitcoin Halving? Bitcoin halving, sometimes referred to as ‘halvening’, is a significant event in the Bitcoin network where the reward for mining Bitcoin transactions is cut in half. This event is hard-coded into Bitcoin’s DNA and is a crucial part of its deflationary nature. The Frequency of Bitcoin Halving Bitcoin halving is not… Continue reading Understanding Bitcoin Halving: A Key Event in Cryptocurrency
What Is Currency?
TL;DR: This comprehensive guide takes you on a journey through the history and evolution of currency, from the earliest forms of barter to the digital currencies of today. We delve into the importance of currency, the role of central banks, and the risks associated with currency trading. We also explore the principles of Islamic finance… Continue reading What Is Currency?
Surviving the Storm: 10 Essential Tips for Managing a Crypto Down Cycle
The world of cryptocurrency is a roller coaster ride, filled with exhilarating highs and gut-wrenching lows. When the market is in a down cycle, it can be a stressful time for investors. However, with the right strategies, you can navigate these challenging periods and potentially come out stronger on the other side. Here are ten… Continue reading Surviving the Storm: 10 Essential Tips for Managing a Crypto Down Cycle
What is Uniswap?
Uniswap is a decentralised exchange (DEX) that operates on the Ethereum blockchain. It allows users anywhere in the world to trade crypto without the need for a centralised authority. Uniswap is also a cryptocurrency with its own governance token, UNI. It’s an open-source project and falls into the category of a DeFi product because it… Continue reading What is Uniswap?
Shariah Screen ing of Crypto Assets: Evaluating the Shariah compliance of various cryptocurrencies
Crypto screening is a process of evaluating the Shariah compliance of crypto-assets. This includes reviewing the legitimacy, project, financials, token, and staking of a crypto-asset to ensure it meets certain criteria set by Islamic scholars. It is important to screen crypto-assets before investing to ensure they are Shariah compliant. The concept of Shariah-compliant crypto-assets is… Continue reading Shariah Screen ing of Crypto Assets: Evaluating the Shariah compliance of various cryptocurrencies
Building a Model Cryptocurrency Portfolio: Balancing Risk and Potential Rewards
Investing in cryptocurrencies can be an exciting and potentially profitable venture, but it’s essential to approach it with a well-thought-out strategy. One effective approach is to create a model portfolio based on your risk appetite and long-term investment goals. In this article, we will explore three different model portfolios—Low Risk, Medium Risk, and High Risk—and… Continue reading Building a Model Cryptocurrency Portfolio: Balancing Risk and Potential Rewards