Is Compound (COMP) Halal or Haram?
Shariah compliance review of Compound (COMP) by Islamic finance scholars at EthicalNode, with separate verdicts for trading and for staking.
Trading verdict: Non-Comfortable
Compound provides lending, and borrowing which user enable to earn return in interest rates. This activity contradicts Shariah standarts. Source: sharlife.my
Staking verdict: Non-Comfortable
Given our conclusion regarding the buying and selling the COMP coin, any other instrument that involves COMP is to be avoided.
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