Is this crypto halal? Shariah screening report
Illuvium
ILV
- Price
- $3.07
- Market cap
- $22.57M
- Circulating supply
- 7,345,847.946
- 24h change
- 2.28%
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
ILV serves as the primary governance and utility token for the Illuvium ecosystem. Token holders can stake ILV to earn rewards from protocol revenue, participate in governance decisions, and use it for in-game purchases. The token is integral to the game's economy, being used for crafting, trading NFTs, and participating in the game's various activities.
Honesty & Founder Intent Clear
Initial token distribution included allocations for the team and early investors with vesting schedules. The project implements a DAO structure for governance decisions, allowing token holders to participate in the protocol's development direction.
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
ILV serves as the primary governance and utility token for the Illuvium ecosystem. Token holders can stake ILV to earn rewards from protocol revenue, participate in governance decisions, and use it for in-game purchases. The token is integral to the game's economy, being used for crafting, trading NFTs, and participating in the game's various activities.
Token Distribution
Initial token distribution included allocations for the team and early investors with vesting schedules. The project implements a DAO structure for governance decisions, allowing token holders to participate in the protocol's development direction.
Rating Justification
ComfortableBased on our analysis, Illuvium demonstrates clear utility through its gaming ecosystem, NFT functionality, and governance mechanisms. The project involves actual asset ownership and value exchange, with no elements of gambling or interest-based activities. The core activities - gaming, NFT trading, and governance - are all permissible under Islamic finance principles. While the project includes staking mechanisms, these represent participation in protocol revenue sharing rather than interest-based lending. The game's content does not involve any prohibited elements, and all transactions involve actual asset exchange rather than zero-sum gambling mechanics.
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