Islamic finance is often misunderstood, but it has a rich history and a set of principles that guide it. What are some common misconceptions about Islamic finance that you would like to clear up?
@Islamic_Coin Staking ISLM coins. Staking seems to me to just like getting interest on the the coins one holds. And if staking is halal, can one also hold other Cryptos to stake?
@Islamic_Coin It's a finance system that prohibits usury. It open to all but not to some certain things that are Haram, eg Alcohol.
@Islamic_Coin Mis Concepcion 1. Islamic Finance is different from Conventional Finance. 2. Only for muslims 3. Expensive as Compared to Conventional Clear up 1. It is asset based, not currency 2. Islamic Finance available for muslims/non m 3. now it is in line with Conventional