Is Aave (AAVE) Halal or Haram?

Shariah compliance review of Aave (AAVE) by Islamic finance scholars at EthicalNode, with separate verdicts for trading and for staking.

Trading verdict: Non-Comfortable

Aave is a decentralized finance protocol that allows people to lend and borrow crypto.

Staking verdict: Non-Comfortable

Considering that Aave is a lending/borrowing protocol, any instrument that involves AAVE is to be avoided along with buying and selling the token.

Browse all Shariah-compliant cryptocurrencies on the EthicalNode halal crypto screener.