The central question addresses whether a cryptocurrency associated with former U.S. President Donald Trump conforms to Islamic finance principles. Such principles, often referred to as Sharia compliance, prohibit interest-bearing transactions (riba), investments in businesses dealing with prohibited goods or services (haram), and excessive speculation (gharar). A digital asset’s permissibility hinges on its underlying structure, intended use, and how it generates value.
Determining whether a specific digital asset aligns with Islamic finance requires careful scrutiny. Sharia scholars analyze the asset’s operational mechanisms, revenue streams, and the activities it supports. For example, if the cryptocurrency facilitates transactions involving alcohol, gambling, or other prohibited activities, it would likely be deemed non-compliant. Furthermore, the extent to which its value is based on speculation rather than tangible assets or productive endeavors significantly influences its permissibility.
