Is Astar (ASTR) Halal or Haram?
Shariah compliance review of Astar (ASTR) by Islamic finance scholars at EthicalNode, with separate verdicts for trading and for staking.
Trading verdict: Comfortable
Astar Network is built on the Polkadot blockchain and offers a multi-chain infrastructure designed for DeFi applications. Its goal is to deliver high-speed and scalable solutions for decentralized applications (dApps). Given the absence of any red flags regarding financial screening or regulatory issues, it is reasonable to conclude that Astar Network and its native token, ASTA, are Shariah compliant.Source: sharlife.my
Staking verdict: Questionable
Permissibility of staking is questionable, because it is a layer for various dApps running their applications on the blockchain, including DEFI, Lending and Borrowing, Gambling, etc, hence impermissible transactions might get recorder in L1 blocks, thus benefiting validators with commissions. It is better to avoid staking this protocols until we receive final fatwas from high rank scholars.
Browse all Shariah-compliant cryptocurrencies on the EthicalNode halal crypto screener.