In the ever-evolving world of finance, cryptocurrency has emerged as a revolutionary form of investment. However, for Muslims, it’s not just about financial gains; investments must also align with the principles of Islamic finance. Halal crypto investing, therefore, requires a unique approach that combines the dynamic world of digital currency with the ethical guidelines of… Continue reading Four Tips for Successful Halal Crypto Investing
Category: Guides
Is Crypto Yield Farming Halal or Haram: Are Liquidity Pools Haram?
The decentralised finance (DeFi) space has introduced us to new forms of generating returns from our digital crypto assets. One of these innovative methods, commonly referred to as yield farming, has taken the crypto world by storm. In this guide, we will delve deep into yield farming, explaining its mechanisms, exploring its risks, discussing its… Continue reading Is Crypto Yield Farming Halal or Haram: Are Liquidity Pools Haram?
Halal Cryptocurrency Trading Bots: Automating Investment Strategies
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
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
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?
Fortify Your Crypto Assets: The Ultimate Guide to Securing Your Wallets
Securing Your Crypto – Hardware & Software Wallet Explained In the world of cryptocurrencies, securing your digital assets is of utmost importance. One crucial aspect of this is choosing the right crypto wallet. In this article, we will explore different types of wallets, including hot wallets and cold wallets, and provide detailed information on securing… Continue reading Fortify Your Crypto Assets: The Ultimate Guide to Securing Your Wallets