Is Chiliz (CHZ) Halal or Haram?
Shariah compliance review of Chiliz (CHZ) by Islamic finance scholars at EthicalNode, with separate verdicts for trading and for staking.
Trading verdict: Comfortable
Chiliz is the leading digital currency for sports and entertainment, provided by the Malta-based FinTech company of the same name. It powers Socios, a blockchain-based sports entertainment platform that allows users to engage in the governance of their favorite sports brands. Fan tokens from Socios.com exemplify this engagement. For sports clubs and associations, fan tokens provide a means to connect with their fans while unlocking new revenue streams.
Staking verdict: Non-Comfortable
There is no consensus protocol for users to participate in. Any other forms of deposit with fixed yield or deposits on CEX's that claim to be "staking" for this protocol is better to avoid. However, liquidity providing will have a separate ruling.
Browse all Shariah-compliant cryptocurrencies on the EthicalNode halal crypto screener.