Is Mantra (OM) Halal or Haram?
Shariah compliance review of Mantra (OM) by Islamic finance scholars at EthicalNode, with separate verdicts for trading and for staking.
Trading verdict: Non-Comfortable
MANTRA is a Security first RWA Layer 1 Blockchain, capable of adherence and enforcement of real world regulatory requirements. Built for Institutions and Developers, MANTRA offers a Permissionless Blockchain for Permissioned applications. Sahal Wallet (MRHB DeFi) stated that OM token is not Shariah Compliant.
Staking verdict: Non-Comfortable
Considering the status of this coin in relation to Shariah standards for buying and selling, it is advisable to avoid any instrument that involves OM.
Browse all Shariah-compliant cryptocurrencies on the EthicalNode halal crypto screener.