QUESTION:
In crypto-mining, there is something called “staking” which is basically an investment to confirm the transactions on a blockchain. After the transaction is confirmed in this manner, a fee is paid to the validators for this. Is staking in the validator’s pool in this way permissible?
ANSWER:
We do not approve of investing in crypto currency, hence we advise abstention.
ALLAH TA’ALA ALONE IN HIS INFINITE KNOWLEDGE KNOWS BEST!
ANSWERED BY:
Mufti Mohammed Desai
Date:- 02 Rabi-ul-Awwal 1445 / 18 September 2023
