Is MKR (Maker (MKR)) halal?

Q: Is MKR (Maker (MKR)) halal?

HARAM: DeFi lending — DAI stablecoin backed by riba mechanisms. Maker is a DeFi protocol that issues DAI stablecoin through collateralized debt positions. Interest rates on DAI creation make this riba-based.

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MKR

Maker (MKR)

HARAM

Score: 8/100

crypto

Is MKR Halal?

DeFi lending — DAI stablecoin backed by riba mechanisms.

What You Should Know

Maker is a DeFi protocol that issues DAI stablecoin through collateralized debt positions. Interest rates on DAI creation make this riba-based.

⚠️ Concerns

•Core mechanism is collateralized lending (riba)
•Stability fees are interest

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