Is this crypto halal? Shariah screening report
Internet Computer
ICP
- Price
- $2.46
- Market cap
- $1.37B
- Circulating supply
- 556,173,253.251
- 24h change
- 2.31%
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
The Internet Computer (ICP) is a blockchain platform developed by the DFINITY Foundation that aims to extend the functionality of the public internet through a network of decentralized data centers. Its primary purpose is to enable developers to build and deploy decentralized applications (dApps), websites, and enterprise IT systems directly on the blockchain.
Honesty & Founder Intent Clear
ICP tokens serve multiple purposes within the ecosystem: they're used for network governance, to reward network participants, and to create cycles that power computation on the network. The initial token distribution included allocations to team members and early investors with vesting periods, showing consideration for long-term alignment. Revenue Model and Operations The platform's revenue mode
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 Internet Computer (ICP) is a blockchain platform developed by the DFINITY Foundation that aims to extend the functionality of the public internet through a network of decentralized data centers. Its primary purpose is to enable developers to build and deploy decentralized applications (dApps), websites, and enterprise IT systems directly on the blockchain.
Current Usage
The Internet Computer ecosystem has seen significant developer activity and adoption. As of 2024, there are thousands of smart contracts (called 'canisters' in the IC ecosystem) running on the network, hosting various applications including social media platforms, DeFi protocols, and games. Notable projects include DSCVR (a decentralized social media platform), OpenChat (a messaging service), and numerous DeFi applications.
Development Activity
The platform maintains strong development activity with regular updates and improvements. The developer community is active, with continuous contributions to the ecosystem. The DFINITY Foundation regularly releases technical updates and new features.
Token Distribution
ICP tokens serve multiple purposes within the ecosystem: they're used for network governance, to reward network participants, and to create cycles that power computation on the network. The initial token distribution included allocations to team members and early investors with vesting periods, showing consideration for long-term alignment. Revenue Model and Operations The platform's revenue model is based on legitimate technological services, primarily computing resources and network operations. It doesn't involve interest-bearing activities or prohibited industries.
Rating Justification
ComfortableBased on our analysis, the Internet Computer (ICP) demonstrates clear utility through its technological infrastructure and real-world applications. The platform provides legitimate computing services and enables the development of decentralized applications without involving any inherently prohibited activities. The project's focus on technological advancement and practical utility, combined with its transparent operations and absence of interest-based mechanisms, aligns with Islamic principles. While speculation exists in its trading, as with most cryptocurrencies, the underlying utility and value transfer are real and substantial.
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.
Comparable assessments
AIOZ Network AIOZ
ComfortableComfortable — Based on our analysis, AIOZ Network demonstrates legitimate utility in providing decentralized content delivery infrastructure. The project's focus on technical
Open reportZilliqa ZIL
ComfortableComfortable — From a Shariah compliance perspective, Zilliqa demonstrates legitimate utility as a blockchain platform with real technological applications. The network's core
Open reportAlgorand ALGO
ComfortableComfortable — Based on our analysis, Algorand demonstrates legitimate utility as a blockchain platform with real-world applications. The platform's focus on technological adv
Open reportAvalanche AVAX
ComfortableComfortable — Based on our analysis, Avalanche (AVAX) demonstrates clear utility through its technological infrastructure, active development, and real-world applications. Th
Open reportCardano ADA
ComfortableComfortable — Based on our analysis, Cardano demonstrates legitimate utility through its smart contract platform, decentralized applications, and governance mechanisms. The p
Open report
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