Here are some tools and calculationrs you might find useful
A tool to help Muslims calculate their annual Zakat (charity) obligations based on their crypto assets..
An Halal Investment Analyzer tool that helps Muslims evaluate the Shariah compliance and ethical nature of potential investments.
Note: Zakat payable = 2.5% (2.5 / 100) of your wealth. Remember to subtract your liabilities as well as check if your total networth reaches the Zakat threshold in your country.
These questions can provide a foundational framework for assessing the halal compliance of a cryptocurrency.
Answering Unclear means you need to do more research and should not invest your money.
However, the interpretation of Shariah law can vary among scholars, and the cryptocurrency market is constantly evolving. Therefore, it's important to do your own research and consult with knowledgeable Islamic finance experts or scholars. And Allah Knows Best.
What is the primary purpose of the cryptocurrency?
Is the cryptocurrency backed by assets or involved in activities that are halal and permissible in Islam?
Does it have any association with haram activities such as gambling, alcohol, or pork?
Is the cryptocurrency used for speculation or does it have a clear and beneficial utility?
Are transactions transparent and free from deceit?
Does the cryptocurrency involve any interest-based transactions or financing?
Does the cryptocurrency involve excessive risk or uncertainty?
Are there any hidden terms or conditions that could be considered gharar?
Is the cryptocurrency often used for speculative trading, or does it have a stable and useful purpose?
Is the market for the cryptocurrency dominated by speculation or is there genuine demand for its utility?