Is Nibiru (NIBI) Halal or Haram?
Shariah compliance review of Nibiru (NIBI) by Islamic finance scholars at EthicalNode, with separate verdicts for trading and for staking.
Trading verdict: Comfortable
Coming soon...
Staking verdict: Non-Comfortable
Nibiru Chain is a breakthrough L1 blockchain and smart contract ecosystem sporting superior throughput and unparalleled security. Nibiru aims to be the most developer-friendly and user-friendly smart contract ecosystem, leading the charge toward mainstream Web3 adoption by innovating at each layer of the stack: dApp development, infra, consensus, a comprehensive dev toolkit, value accrual. Ecosystem analysis has revealed few derivates and lending and borrowing dapps, which are impermissible as per shariah ruling. Whilst providing validator service for layer 1 blockchains is permissible in principle, additional layers of forbidden dapps makes this matter questionable, native perps protocol with leverage trading built on NIbiru makes it not comfortable for us to provide validation service for Nibiru Chain.
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