Is this crypto halal? Shariah screening report
Ankr
ANKR
- Price
- $0.003993
- Market cap
- $39.93M
- Circulating supply
- 10,000,000,000
- 24h change
- -0.17%
Report generated 8/27/2026, 6:34:27 PM · stored corpus assessment · confidence 88%
Crypto Halal Report Criteria
We use a disciplined framework to determine if a digital asset is Comfortable from a sharia perspective, based on three core pillars.
Purpose & Real-World Value Clear
Ankr is a decentralized infrastructure provider that aims to make Web3 accessible and affordable. The ANKR token serves multiple utilities within its ecosystem: governance rights, protocol fees payment, and node deployment.
Honesty & Founder Intent Clear
The token distribution includes allocations for the team, advisors, and early investors with standard vesting periods. The project demonstrates transparency in its token economics and governance structure. Revenue Model Ankr generates revenue through its infrastructure services, which are paid for using the ANKR token. This represents a clear value exchange without involving interest-based mechan
Dealing with Risk & Speculation Clear
Speculative trading of a real asset is treated as trade, not gambling, under the screening framework.
Crypto Overview
Purpose and Utility
Ankr is a decentralized infrastructure provider that aims to make Web3 accessible and affordable. The ANKR token serves multiple utilities within its ecosystem: governance rights, protocol fees payment, and node deployment.
Current Usage
Ankr has established partnerships with multiple blockchain networks including Binance Smart Chain, Polygon, and Fantom. They serve over 50 proof-of-stake chains and process billions of blockchain requests daily through their RPC services.
Business Model
The platform provides blockchain infrastructure services, including: node deployment and management, staking solutions, RPC (Remote Procedure Call) services, and Web3 developer tools. The business model is transparent and focuses on providing legitimate technical infrastructure.
Development Activity
The project maintains active development with regular updates to their infrastructure and services. Their GitHub repositories show consistent contributions and technical improvements.
Token Distribution
The token distribution includes allocations for the team, advisors, and early investors with standard vesting periods. The project demonstrates transparency in its token economics and governance structure. Revenue Model Ankr generates revenue through its infrastructure services, which are paid for using the ANKR token. This represents a clear value exchange without involving interest-based mechanisms or gambling.
Rating Justification
ComfortableBased on our analysis, Ankr operates as a legitimate infrastructure provider in the blockchain space. The project's utility is clear and well-documented, focusing on providing essential services for blockchain networks. The business model does not involve any prohibited activities such as interest- based lending or gambling. While the token is traded on exchanges, its primary purpose serves the protocol's infrastructure services, representing real utility and value exchange. The project's focus on blockchain infrastructure development aligns with halal principles of providing beneficial services and fair value exchange.
While we find this token comfortable to invest in from a Shariah-screening perspective, this does not imply we think it is a strong investment.
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Disclaimer: These reports are findings of AI analysis and cannot be guaranteed to be accurate. Ratings reflect opinions derived from automated criteria applied to the sources you submitted and a corpus of prior assessments. This is not a fatwa and does not determine Islamic law. Ratings may change as projects evolve. Always conduct your own research before investing.
- corpus