Prominent Muslim scholars and financial advisors released a white paper declaring Ethereum halal, or permissible, according to Islamic Sharia law. The clarity for Muslim purchasers may stimulate additional demand for Ether.
source :
https://cryptoslate.com/ethereum-halal-muslim-scholars-eth-demandi hope this news will be good for eth price, and make the price grow more than $200 again
I am sorry to say, the declaration of support for ethereum will only make ethereum more subjected to the use of it for fraudulent acts, especially the extremist of Islam, at least those people will want to know what ethereum is now and may think of using it to launder money, the things is that it may create demand for ethereum, but the price of ethereum will still never stabilize because whether money that comes as a result of this declaration will simply just be a touch and go money.
As in money that will enter the market now and then leave immediately without the third party even living 1 cent in it, so of what use is this news to me, it still would not encourage the government about cryptocurrency and for them to legalize and regulate it.