Is Ondo (CRYPTO:ONDO) halal? Not Halal. Based on AAOIFI screening, Ondo has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).
CRYPTO:ONDO — Is Ondo Halal?
Not HalalOndo
$0.26
+0.08%
Shariah Compliance Status
Based on AAOIFI screening standards
Non-Compliant
Fails Shariah screening
Business Activity Screen
FailedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
- Ondo Finance tokenizes US Treasury bonds, which are interest-bearing debt instruments (Riba).
Screening Methodology
Cryptocurrencies are screened qualitatively based on their primary use case, underlying protocol mechanics, and involvement in prohibited activities. Financial ratio screening (AAOIFI) does not apply to crypto assets as they lack traditional financial statements.
Ondo Finance tokenizes US Treasury bonds, which are interest-bearing debt instruments (Riba).
Category: Tokenized Treasuries
Financial Overview
Market Cap
1.3B
Price
$0.26
Sector
Cryptocurrency
Industry
Tokenized Treasuries
Halal Alternatives in Cryptocurrency
This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:
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Disclaimer: This screening is for informational purposes only and does not constitute financial or religious advice. Compliance status is based on AAOIFI guidelines and publicly available financial data. Individual scholars may have different views. Always consult with a qualified Islamic finance advisor before making investment decisions.