Question Summary:
Is moral coin Shari’ah compliant?

Question Detail:

I previously asked regarding the question of making a crypto currency based on product trade with mlm system etc. I thought i didn't receive a reply but while searching for something else i seen it come up on the website and more info was requested.

Answer :

In the Name of Allaah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

We prefer you send us a summarized version of the model. We will try to understand the model and will advise further.

And Allaah Ta’aala Knows Best

Muhammed Al-Ameen Bin Moulana Ismail Akoo

Student, Darul Iftaa

Newcastle; KZN, South Africa

Checked and Approved by,
Mufti Ebrahim Desai.