A New One Added To The Halal Cryptocurrencies

Recently, a new one has been added to the halal cryptocurrencies that have become increasingly widespread.

Zamzam coin originating from Bahrain was developed in accordance with the Shariah provisions. While the Indonesian Ulema Board has classified cryptocurrencies into the haram category due to its volatility, halal cryptocurrency projects continue to come from different Muslim countries. What is ZamZam Coin? Launched by a Bahraini startup, ZamZam Coin states that it is fully sharia-compliant and governed by a Sharia board. The different side of the project, which has a history of only 1 month, stands out as being listed on the stock exchanges. ZamZam coin is listed on WhiteBit and Probit exchanges, which are considered relatively reliable. 10 trillion minted coins are trading around $0.00045. It is seen that it went up to the level of $0.1 in the first sale and produced a volume of 10 million dollars. The project is running on the BSC network and there are also high lockdown rewards available. It remains to be seen what effect the permissibility of the project will have on the Muslim world. It cannot be said that any investor, Muslim or not, is trading cryptocurrencies by looking at halal-haram fatwas.