Is Movement (MOVE) Halal or Haram?
Shariah compliance review of Movement (MOVE) by Islamic finance scholars at EthicalNode, with separate verdicts for trading and for staking.
Trading verdict: Comfortable
Movement Network is an ecosystem of Modular Move-Based Blockchains that enables developers to build secure, performant, and interoperable blockchain applications, bridging the gap between Move and EVM ecosystems. Sharlife.my: The projects run by MOVE appear to be in accordance with Shariah principles. MOVE token is Halal according to MRHB DeFi analisys on "Sahal Wallet" app.
Staking verdict: Questionable
Movement is about to enable multi-asset staking instead of traditional single-asset PoS staking. In any case, at this point It is questionable for users to participate in Proof-of-stake consensus protocol due to some dApps build on this protocol that provide forbidden activities such as lending. For example, Abel Finance, Cedro, Lucia protocol, LayerBank, Moveposition, Mintichainz, OmniBTC and Zeno Lend.
Browse all Shariah-compliant cryptocurrencies on the EthicalNode halal crypto screener.