We’re building the world’s first halal crypto index fund.
An index fund is a way to invest in multiple stocks, diversifying your investment, as opposed to just investing in a single stock or company. Index funds can be constructed to account for different themes or types of companies that they represent.
We’re doing this for crypto – building an index of crypto assets and protocols that comply with Shariah law & principles of Islamic finance, excluding any assets or protocols that derive their income through interest (riba), uncertainty (gharar) due to pure speculation (maysir), conventional banking or insurance, adult entertainment or consumption of alcohol, tobacco or pork products.
Investors will be able to buy the index token representing halal crypto assets & protocols and hold them in the long term if they believe in the long term value of crypto.