In this video we dig deep into yield farming, staking, liquidity mining and DeFi. What do these terms mean? How should a Muslim understand them? How should you invest in crypto?
We conclude that for each of these crypto concepts, it really depends on the particular context - but really high level - staking and mining are usually fine, while with yield farming and DeFi you should be particularly careful and many things are not halal.
-------- TIMESTAMPS 00:00 - Introduction 02:34 - What do these terms mean? 05:24 - What is halal for Muslims? 07:48 - What is our Sharia view? 09:05 - What I invested in 10:05 - Outtakes
-------- Who are we: We are two Oxford grads who have studied Islamic finance both at uni and classically for over 6 years. We quit our corporate law jobs to go full-time on IFG in 2020. We are on a mission to help 25% of the world's population with their personal finances.
Islamic Finance Guru (IFG) is an Islamic finance comparison and analysis site that helps people with their investment, personal finance and entrepreneurial journeys.
We do this for one reason: to make our community better-off. We want to take Muslims from being among the poorest in society to the richest. We think that this is the most effective way to deal with problems like discrimination, under-representation and poverty. For more about the team visit: https://www.islamicfinanceguru.com/about-us --------
If you’d like to talk or have any questions or requests, we’d love to hear from you. Tweeting @IFguru directly will be the quickest way to get a response, but if your question is more complex, feel free to drop us a line on our Forum http://forum.islamicfinanceguru.com/ - we and the muftis on the forum try our respond to everyone!
