Wrapping and delegating Crypto Songbird to earn rewards
Question
Is the wrapping and delegating of Crypto Songbird Sgb to earn rewards permissible? Attached is a link explaining the concept:
https://support.bifrostwallet.com/en/articles/5588951-wrap-and-delegate-songbird
Answer
Our Darul Ifta does not approve of investing in crypto currency in its various forms whether it be “bitcoin” or other types as explained in the link. We, therefore, advise abstention from all forms of crypto currency. In conclusion the rewards or bonuses (explained in the link) will also not be permissible.
- Answered by
- Mufti Mohammed Desai
Fatawa SA is an independent, read-only index of fatawa already published by Darul Ifta Ibn Masood. It is not a fatwa service. For your own situation, ask the issuing Darul Ifta directly.