Hunting Halal Crypto: AI Tells them Apart
Wed Feb 12 2025
Muslims today face a unique challenge
In today's world, Muslims have a tough job, they have to navigate through cutting-edge money and tech innovations.
If you are a crypto-savvy Muslim, you might scratch your head as to which cryptocurrencies align with your faith's rules. The question of whether or not a crypto is Halal is something that can confuse even the experts.
The Shariah rules are complex, and to help with this, an intelligent system was cooked up.
Its been designed to give Muslims a hand in sorting the Halal and Haram cryptocurrencies. It works by recognizing certain traits.
It does this by analyzing features such as transparency, use case, and even the code structure.
This system is a power tool for anyone who is antsy about where they put their crypto investments.
However, one wonders, with over 10, 000 types of cryptocurrencies out there, what good is a system that only checks 106!
Not only does the system sort the crypto coins into Halal and Haram, but it also gives a peek into how it arrived at the conclusion.
It does this by using a machine learning model that's been trained with 20 features.
Imagine, having an AI that checks whether your cryptocurrency is halal or not. While this classifiesHalal and Haram cryptocurrencies.
This system was formed to provide a guiding light in a world full of uncertainty.
While it's great to have a tech-based guide, one must also seek the wisdom of Islamic scholars.
Muslims must question the need for the data's existence, and the need for AI to replace the scholars judgement.
Even though the system calls itself "intelligent, " it's crucial to remember that it's just a tool. People may be drawn in by the idea of a quick, easy way to tell if a crypto is halal or not. But, there's no substitute for real-life learning and understanding. Its not just about the system. It's important to understand the source of the data, and stay questioning whether it can be improved.
https://localnews.ai/article/hunting-halal-crypto-ai-tells-them-apart-96e2dd3d
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