Is this crypto halal? Shariah screening report
JasmyCoin
JASMY
- Price
- $0.004619
- Market cap
- $228.38M
- Circulating supply
- 49,444,999,677.17
- 24h change
- 1.38%
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 primary purpose of JASMY is to serve as the native token for the Jasmy Platform, which enables secure data storage and transfer between IoT devices. It also functions as a payment method for data-related services within the ecosystem.
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 JASMY is to serve as the native token for the Jasmy Platform, which enables secure data storage and transfer between IoT devices. It also functions as a payment method for data-related services within the ecosystem.
Current Usage
Jasmy has established partnerships with various Japanese companies and is actively implementing its IoT solutions. The project has launched several products including the Personal Data Locker and SecurePC.
Business Model
The business model centers around legitimate technological utility: secure data management, IoT device integration, and personal data monetization. These activities align with halal principles as they involve actual value exchange and don't facilitate prohibited activities.
Rating Justification
ComfortableBased on our analysis, JasmyCoin demonstrates legitimate utility in the IoT and data management space. The project's focus on technological development, actual value creation, and absence of prohibited activities makes it align with Islamic finance principles. While the token experiences significant trading activity on exchanges, this doesn't negate its underlying utility and permissible use cases. The project maintains active development and real-world implementations.
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