Category Archives: Islamic Law
NFTs: Non-Fungible Tokens – A Very Simple Explanation
Non-Fungible Tokens. NFTs give you something that can’t be copied. Not a picture itself (anyone can take a screenshot). Here we’re going to use art as an example, because its most common nowadays, but NFTs can be used for real estate, contracts, and a number of other things. Let’s break it down: Non-Fungible = this […]
When is staking your crypto allowed?
There are three situations in the market currently where they use the word “staking” but mean something different each time. You need to learn what’s being *done* instead of just relying on the words used. Situation #1: They take your crypto and pay you an interest rate, just like a cash on cash loan. This is […]
What makes a crypto coin Shariah Compliant?
For those of you concerned with the Shariah compliance of the coins you are buying, Asking yourself these 5 questions will help guide your coin selection: #1 – It is a store of value. #2 – It is a medium of exchange. #3 – Transparency about recourse. #4 – Tokenomics are not ponzi-esque. #5 – It has an established or […]
Is SAFE document Equity Conversion Shariah Compliant?
SAFE documents are not loans. They are warrants for future equity. The structure found in the SAFE agreement is permissible and offers a viable, interest-free solution to early stage funding for Shariah compliance minded investors.
Does Islamic Law take a Position on Slave Reparations?
Welcome Development, Cautious Celebration Princeton theological seminary recently announced that it would be awarding 27 million dollars in scholarships as reparation for its involvement in the history of slavery, although it – as an institution – was not involved in the slave trade itself. The PTSEM was founded in 1812. While it did not own […]
Video: Is Life Insurance Halal?
Joe answers the question “Is Life Insurance Halal?” discussing: What is an insurable interest, how insurance companies are structured, and how they invest the insurance pool (i.e. the money that you pay for the policy).
Video: Qunut al-Nawazil – Group Supplication During Difficult Times
Qunut al-Nawazil or Group Supplication During Difficult Times is a special dua made when there is a special need for prayers and solidarity. This short video discusses how it is done and why.
Debt vs. Partnership vs. Revenue Sharing: Which One is Best for My Business?
The mantra of Islamic Finance has been “Islamic Finance prefers partnership over debt.” Hammering this idea into the minds of the masses has resulted in many people using less than optimal structures for their business needs. At times its better to finance through debt, at times through partnership, and at times through revenue sharing. In […]
Is Every Suicide a Transgression? – Suicide in Islamic Thought Part 4
When is Killing Transgressive? When is an act of killing considered oppressive or transgressive? Certainly when that the killing is intentional and malicious. Under Islamic law, there are three categories of killing that are crimes that may be sentenced in court: 1. Intentional malicious killing of another person (al-qatl al-ʿamd al-ʿudwān) 2. pseudo-intentional killing (shibh […]
The Kavanaugh Hearings, Morality, and the Appointment of Judges under Islamic Law
So with all this appalling #KavanaghHearing news, I figured I’d comment on the inherent virtue jurisprudence of Islamic law in it’s appointment and regulation of judicial appointees. So first, what does a judge do? A judge’s (Arabic: Qāḍī’) basic function is to resolve disputes and allocate rights to litigants. The Qāḍī retains not only the […]