Is this crypto halal? Shariah screening report
Hemi
HEMI
- Price
- $0.011409
- Market cap
- $11.15M
- Circulating supply
- 977,500,000
- 24h change
- -5.80%
Report generated 8/28/2026, 9:09:45 PM · confidence 78%
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
The token has identifiable utility: Hemi provides governance features and is part of various ecosystems including Binance.
Honesty & Founder Intent Clear
Current supply is 10,000,000,000 with 977,500,000 in circulation.
Dealing with Risk & Speculation Clear
Price volatility and speculative trading, by themselves, do not make the asset Uncomfortable. No zero-sum gambling product was identified as the core use.
Crypto Overview
Purpose and Utility
Hemi is a cryptocurrency launched to enhance interoperability and scaling within the Ethereum ecosystem. It provides governance features and is integrated into various ecosystems, including Binance.
Current Usage
Hemi is actively traded on 137 markets, indicating a robust level of engagement and utilization within the cryptocurrency community.
Business Model
The revenue model is not specified in the source, but Hemi operates as a layer-2 solution to improve transaction efficiency, suggesting a focus on enhancing user experience and transaction throughput.
Development Activity
Hemi was launched in 2024, and its total supply is capped at 10 billion tokens, with 977,500,000 currently in circulation. This indicates ongoing development and a structured approach to token distribution.
Token Distribution
The current supply is 10,000,000,000 tokens, with 977,500,000 in circulation, which reflects a controlled distribution strategy.
Rating Justification
ComfortableThe analysis of Hemi indicates that it possesses identifiable utility and operates within a framework that does not involve prohibited activities such as riba or maysir. The founder's intent appears aligned with the principles of Islamic finance, and while there is some price volatility, it does not stem from speculative trading practices that would render the asset uncomfortable.
- Identifiable utility through governance features and ecosystem integration.
- No evidence of riba, maysir, or gambling activities.
- Controlled token distribution and ongoing development activity.
While the revenue model is not specified, the absence of interest-bearing features and gambling-related activities supports a comfortable rating.
Comparable assessments
Hedera HBAR
ComfortableHedera demonstrates legitimate utility through its enterprise-grade distributed ledger platform, facilitating real value exchange without prohibited activities.
Hyperliquid HYPE
UncomfortableThe primary use case revolves around leveraged perpetual futures trading, which functions as a zero-sum game and introduces elements of excessive speculation.
Biconomy BICO
ComfortableBiconomy provides clear utility through infrastructure services and cross-chain solutions without involving prohibited activities.
Beam BEAM
ComfortableBeam offers legitimate utility through privacy-preserving transactions and has a fair distribution model without prohibited elements.
Hive HIVE
ComfortableHive provides clear utility through content creation and social media functionality, with a fair distribution and no reliance on prohibited activities.
Ether Fi ETHFI
ComfortableEther.fi's core business of staking and node operation represents legitimate technological utility without interest-bearing loans.
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.