Thursday | 23 September 2021 | 16 Safar 1443
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Fatwa Answer

Question ID: 1373 Category: Advice and Consulting
Islamic Finance

Selam, we have launched a cryptocurrency ( Caizcoin) from Germany which has been tried to be compliant with Islamic financial standards. The coins have been backed by gold and physical assets and the coins have been made usable, transferable, convertible into cash to complete islamic money requirements. Interest, illegal utilization of funds, liquor, and other harams are kept miles away from Caizcoin. Speculative valuation is also finished through concrete backing of assets. 

Kindly issue religious Fatwa about our this project of Caizcoin.

Regards with advance thanks,

Caizcoin

بسم اللہ الرحمن الرحیم

Ask the question again after providing further details of this project.