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Coins and tokens
Are NFTs halal?
Answered by the ShariaQuant team
An NFT is a certificate of ownership, so the ruling follows what it certifies. A token attached to genuine digital work or a usable licence can be a valid sale. It fails when the underlying content is prohibited, when the token grants nothing definable, which is gharar, or when the only reason to buy is to sell it to a greater fool.
Gharar explainedThis is Shariah screening and education, not financial advice. Rulings on newer products differ between scholars, so where a question is disputed we say so rather than pick a side for you. If your situation is unusual, ask your own scholar.