Name : BNB (BNB)
BNB Price : $607.69700 +1.2%
Consensus Mechanism : Proof of Staked Authority
Volume: 1,533,867,354
Market Cap: 86,579,731,228
Shariah Judgement
The 2nd Shariah Committee Meeting held at Sharlife's office on March 29, 2024, addressed the Shariah status of exchange tokens and tokens backed by exchange projects. The meeting concluded that exchange tokens are compliant with Shariah principles, meaning they do not inherently pose any Shariah issues. However, potential concerns arise from how users may misuse the tokens for unlawful purposes. This conclusion is based on an analogical reasoning (qiyas) comparing exchange tokens to fiat money issued by central banks, where the currency itself is not problematic but can be misused. Therefore, users bear the responsibility to ensure their use of exchange tokens aligns with Shariah principles, avoiding involvement in any products, projects, or services that contravene these principles.
Shariah Status : Yes
Last Screening: Q1 2025
Legitimacy:
Project:
Token:
Reward:
Shariah Status:
Yes
Risk Analysis
Shariah
Legitimacy
People
In-Depth Analysis
Shariah Analysis
| Project/Products | Use Case | Status |
|---|---|---|
| Trade | Offers various trading features (Details on Shariah judgment in the "Additional Information" section) | Grey |
| Futures | Offers various Futures Trading features (Details on Shariah judgment in the "Additional Information" section) | Failed |
| Earn | Offers various Earn features (Details on Shariah judgment in the "Additional Information" section) | Grey |
Additional Information : Users are permitted to utilize the platform's services for tokens or coins deemed Shariah-compliant and marked as "passed," while abstaining from non-Shariah-compliant tokens. Additionally, users are advised to refrain from utilizing services categorized as "failed" or "grey." 1. Trade: i) Spot: Buy and sell on the spot market with advanced tools. (Permissible for trading Shariah-compliant tokens only.) ii) Margin Trading: Increase your profits with leverage. (Permissible if the lending is on Shariah-compliant cryptocurrency tokens that are not backed by ribawi items.) iii) P2P: Buy and sell cryptocurrencies using bank transfers and 800+ payment options. (Permissible for trading Shariah-compliant tokens only.) iv) Convert & Block Trade: The easiest way to trade at all sizes. (Permissible for swapping Shariah-compliant tokens only.) v) Trading Bots: Trade smarter with various automated strategies' easy, fast, and reliable. (Permissible only if the trading bot features and tokens used are Shariah-compliant.) vi) Copy Trading: Follow the most popular traders. (Users must verify the portfolios of traders they copy. This feature is permissible only if the copied traders exclusively use Shariah-compliant instruments and tokens.) vii) API: Provides access to Spot, Margin, Futures, and Options API trading for over 300 digital and fiat currencies. API trading includes a testing environment, API documentation, and sample code in multiple programming languages, suitable for all trading needs. 2. Futures Trading: Trade crypto futures. (All non-Shariah-compliant.) 3. Earn: a) Simple Earn: A simple way to deposit and earn. (Permissible if lending is on Shariah-compliant cryptocurrency tokens that are not backed by ribawi items.) b) Advanced Earn: i) Dual Investment: Enjoy high rewards, Buy Low, Sell High. (Grey) ii) Smart Arbitrage: An innovative tool that enables traders to engage in arbitrage strategies between perpetual futures contracts and their spot equivalents. It leverages the funding rate mechanism by hedging futures positions with spot positions to collect funding fees. (Failed) iii) On-Chain Yields: Unlock the potential of on-chain rewards and stay ahead with earning opportunities. (Grey) 4. Loan: Borrow for Spot, Margin, Futures trading, or staking to earn high APY. (Permissible only for Shariah-compliant cryptocurrency tokens that are not backed by ribawi items.)
| Use Case | Status |
|---|---|
| Transaction Fees: Used to pay for transaction fees on BNB Smart Chain and BNB Greenfield. | Passed |
| Staking: Users stake BNB to become validators or delegate their BNB to validators, earning rewards while securing the network. | Grey |
| Governance: BNB holders can vote on proposals affecting network upgrades and changes. | Passed |
| Storage Fees: Used in BNB Greenfield to pay for object storage and bandwidth consumption. | Passed |
| System | Status | Interpretation |
|---|---|---|
| Validator Rewards | Grey | The rewards distributed primarily come from transaction fees paid by users of the network. Validators also charge a commission fee on the rewards before distributing them to delegators |
| Delegator Rewards | Grey | Delegators of validators on BSC receive a share of the validators' rewards. |
Legitimacy Analysis
| Details | Status | |
|---|---|---|
| Whitepaper | The projects provide a comprehensive whitepaper and detailed documents that offer clear information about their objectives and functionalities. | Passed |
| Project | The projects are led by individuals who are well-known in the industry. Additionally, they actively engage with the community through regular social media posts. | Passed |
People Analysis
| Details | Status | |
|---|---|---|
| Team | The projects are backed by a team that is well-known and respected within the industry. | Passed |
Trading Signals
Moving Average (Short Term)
Weak
Moving Average (Mid Term)
Weak
Moving Average (Long Term)
Weak
Exponential Moving Average (Short Term)
Weak
Exponential Moving Average (Mid Term)
Weak
Exponential Moving Average (Long Term)
Weak
Bollinger Band
Weak
Williams %R
Neutral
Relative Vigor Index
Weak
Money Flow Index
Neutral
Chaikin Oscillator
Weak
Aroon
Strong
Klinger Oscillator
Strong
Chande Kroll Stop
Weak
Moving Average Convergence/ Divergence
Strong
Relative Strength Index
Weak
Stochastic
Strong
Parabolic SAR
Weak
Average Directional Index
Ichimoku Cloud
Neutral
Average True Range
Strong
Commodity Channel Index
Neutral
On-Balance Volume
Strong
Volume Weighted Average Price
Neutral
Keltner Channel
Neutral
Dochian Channel
Neutral
Choppiness Index
Weak
Ergodic Oscillator
Strong
Ease of Movement
Strong
Ultimate Oscillator
Neutral
Elder Force Index
Weak
Connors RSI
Strong
Rate of Change
Weak
Chande Momentum Oscillator
Neutral
Triple Exponential Average
Strong
Know Sure Thing
Strong
Detrended Price Oscillator
Strong
Moving Average Envelope
Neutral
Coppock Curve
Weak
Vortex Indicator
Strong
Schaff Trend Cycle
Strong
Elder Impulse System
Neutral
Pivot Points
Support 2
583.23
Support 1
593.23
Pivot Point
608.22
Resistance 1
618.22
Resistance 2
633.21
Support & Resistances
Support 1
532.12
Last Price
603.24
Resistance 1
637.21
Resistance 2
636.64
Latest News
No recent news available for BNB.
Overview
BNB Chain is a blockchain ecosystem consisting of three interconnected chains: BNB Smart Chain (BSC), opBNB, and BNB Greenfield, each designed to serve different purposes within the decentralized world. BNB Smart Chain (BSC) is a high-performance blockchain optimized for decentralized finance (DeFi) and decentralized applications (DApps), offering low transaction fees, fast block times, and full Ethereum Virtual Machine (EVM) compatibility, allowing seamless migration of Ethereum-based projects. It hosts over 1,500 DApps, including PancakeSwap, Venus, and BakerySwap, making it one of the most widely adopted blockchains. opBNB, the Layer 2 scaling solution built on the Optimism OP Stack, enhances BSC's scalability by bundling multiple transactions into batches before settling them on BSC, reducing congestion and transaction costs while maintaining security and fraud-proof validation. Meanwhile, BNB Greenfield is a decentralized data storage solution that combines blockchain-based data ownership with DeFi concepts, allowing users to store, manage, and trade data securely while ensuring transparency and user control. The BNB Chain ecosystem supports multiple use cases, including DeFi, staking, gaming, NFTs, AI integration with blockchain, and decentralized data storage, offering businesses and individuals a robust and scalable blockchain infrastructure to innovate and grow. Additionally, BNB Chain powers Binance DEX and PancakeSwap, enabling spot trading, margin trading, futures, copy trading, and automated trading through bots, making it a comprehensive platform for crypto trading and financial services.
Whitepaper & Documents
Sharlife uses TradingView technology to present price information through charts. TradingView serves as a charting platform catering to a worldwide community of traders and investors. With robust support across browsers, desktops, and mobile applications, the platform offers exceptional access to real-time data such as Dow Futures and BTC USD Chart, as well as the latest news, financial reports, stock screener, and economic .
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