CRYPTO:XMR1: Is XMR1 Halal?
XMR1
$555.70
+2.98%
Market Cap: 595.5M
Compliance Status
Doubtful
Screened on Oct 5, 2026 · Published scholarly opinion
Fair
Is XMR1 (CRYPTO:XMR1) halal? Doubtful. Screened on what the coin does, XMR1 raises a Shariah concern in part of what it does, or is a coin scholars differ on with a compliance score of 50/100 (Grade: C+).
Quote this verdict
HalalScreener rates XMR1 (XMR1) Doubtful, 50/100, grade C+ under published scholarly opinion (AAOIFI has no crypto standard), screened Oct 5, 2026. Source: https://halalscreener.app/en/stock/CRYPTO%3AXMR1
Business activity
Its use case and protocol mechanics are permissible.
What this means for you
You may own XMR1, with caution
Part of what it does raises a Shariah concern, or scholars differ on it. Cautious investors may prefer alternatives or ask a scholar first.
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Why This Crypto Is Doubtful
- This token synthetically tracks another asset's price through collateral and oracles rather than holding it. Scholars treat such exposure as a derivative with gharar, so its status is uncertain.
Consult a qualified Islamic finance scholar for a definitive ruling on this cryptocurrency.
Shariah Compliance Status
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PROInstitutional-grade Shariah analysis
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Business Activity Screen
PassedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
- This token synthetically tracks another asset's price through collateral and oracles rather than holding it. Scholars treat such exposure as a derivative with gharar, so its status is uncertain.
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.
This token synthetically tracks another asset's price through collateral and oracles rather than holding it. Scholars treat such exposure as a derivative with gharar, so its status is uncertain.
Category: Synthetic Asset
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Frequently Asked Questions
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Screened on what the coin does, under published scholarly opinion. No AAOIFI crypto standard exists · For informational purposes only. Consult a qualified Islamic finance advisor before investing.
Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. A coin is evaluated on what it does (its network, its protocol and the platform behind it) under published scholarly opinion. No AAOIFI crypto standard exists, and financial ratio screens do not apply to coins. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.