Best 3 halal cryptocurrency in 2023

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1. Bitcoin

2. Ethereum

3. Tether

Source: Islamic Finance Guru dot com

Halal cryptocurrency refers to digital currencies that are compliant with Islamic financial principles. These principles include the prohibition of riba (usury or interest) and gharar (uncertainty or speculation). Some scholars have argued that traditional cryptocurrencies, such as Bitcoin, may not be compliant with these principles because their value is often based on speculation and they can be used for illicit activities. Others argue that it is indeed halal (if not used for speculation). To address these concerns, some companies and organizations have developed or are in the process of developing halal cryptocurrencies that are designed to be compliant with Islamic financial principles. These currencies may be backed by physical assets or they may use a different consensus mechanism to validate transactions, such as a proof-of-stake algorithm. It's important to note that there is no consensus among Islamic scholars on the permissibility of digital currencies, and the topic is still being debated. It's also worth noting that the concept of halal cryptocurrency is still new and not yet widely adopted, so it is important for individuals to conduct their own research and consult with a qualified Islamic financial advisor before making any investment decisions.