Is Compound (COMP) halal or haram?

Q: Is Compound (COMP) halal or haram?

Raises serious concerns. As with other lending protocols, the interest mechanism at its heart is a direct riba concern.

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Compound COMP

DeFi lending protocol

StatusRaises serious concerns

Live price…

What it is

An interest-based lending market for crypto assets.

Why this assessment

As with other lending protocols, the interest mechanism at its heart is a direct riba concern.

Key considerations

Riba (interest)

This website is an educational resource, not a religious edict (fatwa). Qualified scholars differ on cryptocurrencies; the assessments here are based on widely-recognised principles of Islamic finance and are provided for learning only. Always consult a qualified scholar before making any decision, and remember that nothing here is financial advice.