theujku

Coin Study (For Muslims) for last few days, I've been getting questions like, . Is Perp Halal . Are Meme coins Halal . Is Prediction Market Halal so I decided to share little details of Islamic Methodology we use at Coin Study to declare what is Halal and what is not. If you don't know, Coin Study is a platform to check sharia compliance cryptocurrencies developed under the supervision of Mufti and PHD scholars. " It is not launched Yet " Methodology we use at Coin Study : Methodology = Layer 1 + Layer 2 screening If passes through Layer 1 then, eligible for Layer 2 screening Layer 1 Factors 1️⃣ Interest based lending as core function 2️⃣ Gambling / betting platform (prediction) 3️⃣ Explicitly haram industry 4️⃣ Guaranteed interest returns 5️⃣ Synthetic interest products If an asset falls in Layer 1, it is considered Haram and no need for scoring. If the asset passes Layer 1 screening then, Layer 2 Factors 1️⃣ Riba Exposure Risk (e.g., indirect exposure through ecosystem) 2️⃣ Gharar / Uncertainty (contract ambiguity, unclear rights) 3️⃣ Maysir / Speculation (Meme Coins) (pump and dump mechanics, meme speculation) 4️⃣ Underlying Business Activity (whether the core activity is permissible) 5️⃣ Utility / Real Use (real economic value) 6️⃣ Tokenomics Fairness (fair supply distribution) 7️⃣ Transparency & Governance (open source, team disclosure, governance fairness) Weightage : Riba Exposure Risk = 25% Gharar = 15% Maysir = 15% Business Activity = 15% Utility = 10% Tokenomics = 10% Transparency = 10% At the end you get the score if an asset is, . Halal (80 - 100) . Halal with concerns (60 - 79) . Doubtful (40 - 59) . Haram (below 40) Hope you all support us when we launch. The platform will be Free of Cost. The image you see below is not 100% accurate, It gives you just an idea because, the platform is under development.