The 7% Staking Reward
Real-World Halal Checker • Module 2 of 3
"A crypto platform allows you to 'stake' your cryptocurrency and promises a fixed 7% APY, paid out in the same cryptocurrency. The platform generates revenue by lending these staked assets to other traders at a higher interest rate."
Analysis
Not Halal. The key issue is the source of the reward. Since the platform generates its revenue from lending (which is an interest-based activity), the rewards passed on to stakers are also tainted with Riba. A Halal staking model would typically involve sharing in transaction fees or other service-based revenues generated by the network, not from lending.