Is Fantom (FTM) Halal or Haram?
Shariah compliance review of Fantom (FTM) by Islamic finance scholars at EthicalNode, with separate verdicts for trading and for staking.
Trading verdict: Non-Comfortable
The FANTOM platform offers a variety of features across its networks, including fLend, which allows users to loan and borrow tokens from one another. As anticipated, the platform provides a lending and borrowing service that operates with interest rates. Based on this structure, we classify FANTOM as non-Shariah compliant. Source: sharlife.my
Staking verdict: Non-Comfortable
Considering the analysis from "trading" section, participating in Proof-of-Stake consensus protocol is also to be avoided.
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