Is this crypto halal? Shariah screening report
DeFi Pulse Index
DPI
- Price
- $50.14
- Market cap
- $28.02M
- Circulating supply
- 558,983.426
- 24h change
- 3.65%
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 Flagged
The primary purpose of DPI is to provide exposure to multiple DeFi protocols through a single token, simplifying portfolio management for investors interested in the DeFi sector. The index automatically rebalances monthly to maintain market cap-weighted exposure to the top DeFi projects.
Honesty & Founder Intent Clear
See token distribution section.
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
The primary purpose of DPI is to provide exposure to multiple DeFi protocols through a single token, simplifying portfolio management for investors interested in the DeFi sector. The index automatically rebalances monthly to maintain market cap-weighted exposure to the top DeFi projects.
Current Usage
The index has achieved notable adoption among DeFi investors seeking diversified exposure to the sector. It's traded on multiple decentralized exchanges and has maintained consistent trading volume. The total value locked (TVL) in the protocol demonstrates ongoing usage, though primarily for investment purposes.
Business Model
DPI operates through a transparent, rules-based methodology for token inclusion and weighting. The index includes established DeFi protocols that meet specific criteria regarding market capitalization, trading volume, and security. However, it's important to note that many of the underlying tokens in the index are related to lending protocols that generate interest-based returns.
Development Activity
Index Coop maintains active development of the protocol, regularly updating methodologies and implementing governance decisions. The platform demonstrates strong technical infrastructure and security measures.
Rating Justification
UncomfortableWhile the DPI token itself operates transparently and provides clear utility as an index token, its underlying components primarily consist of tokens from lending and interest-generating protocols. These lending activities, when not conducted as charitable acts, are generally considered non-compliant with Islamic principles regarding riba (interest). The fundamental purpose of most tokens in the index is to facilitate interest- based lending and borrowing, which makes the index as a whole problematic from a Shariah perspective. Even though the index token itself is technically just a wrapper, its value is directly derived from activities that conflict with Islamic finance principles.
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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