Is Index Cooperative (INDEX) Halal or Haram?
Shariah compliance review of Index Cooperative (INDEX) by Islamic finance scholars at EthicalNode, with separate verdicts for trading and for staking.
Trading verdict: Non-Comfortable
Index Coop is a decentralized, autonomous organization building secure and accessible to use DeFi products. Index Cooperative provides products that involve leverage. In light of Shariah standarts those products make INDEX token non-comfortable to invest in.
Staking verdict: Non-Comfortable
Given the conclusion under Shariah standards regarding the permissibility of buying and selling the INDEX token, any other instrument that involves INDEX is to be avoided.
Browse all Shariah-compliant cryptocurrencies on the EthicalNode halal crypto screener.