Is BNB (Binance Coin) halal?

Q: Is BNB (Binance Coin) halal?

DOUBTFUL: Exchange token — tied to Binance which enables crypto lending (riba). BNB is Binance's exchange token. Binance enables crypto lending and earn products which may involve riba. The utility token aspect has some permissibility arguments.

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BNB

Binance Coin

DOUBTFUL

Score: 42/100

crypto

Is BNB Halal?

Exchange token — tied to Binance which enables crypto lending (riba).

What You Should Know

BNB is Binance's exchange token. Binance enables crypto lending and earn products which may involve riba. The utility token aspect has some permissibility arguments.

⚠️ Concerns

•Tied to exchange enabling riba products
•Speculation
•Regulatory uncertainty

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