Is this crypto halal? Shariah screening report
Maple Finance
SYRUP
- Price
- $0.175911
- Market cap
- $209.51M
- Circulating supply
- 1,191,009,306.851
- 24h change
- -0.43%
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 intended purpose of Maple Finance is to facilitate undercollateralized lending to institutional borrowers through pool delegates who assess creditworthiness. The SYRUP token enables holders to participate in governance decisions and receive a share of protocol fees.
Honesty & Founder Intent Clear
The SYRUP token is primarily used for governance and fee-sharing. Token holders can vote on protocol changes and receive a portion of the fees generated from lending activities.
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 intended purpose of Maple Finance is to facilitate undercollateralized lending to institutional borrowers through pool delegates who assess creditworthiness. The SYRUP token enables holders to participate in governance decisions and receive a share of protocol fees.
Business Model
The core business model revolves around lending and borrowing with interest, which is problematic from an Islamic finance perspective as it involves riba (interest). The platform's primary function is to generate returns through lending activities, which is not permissible unless done as an act of charity.
Token Distribution
The SYRUP token is primarily used for governance and fee-sharing. Token holders can vote on protocol changes and receive a portion of the fees generated from lending activities.
Rating Justification
UncomfortableWhile Maple Finance demonstrates genuine utility and active development, its core business model is fundamentally based on interest-bearing loans, which is not permissible in Islamic finance. The primary purpose of generating returns through lending activities makes it incompatible with Shariah principles. The fact that token holders receive profits from interest-based lending activities further compounds the Shariah compliance concerns. Even though the platform shows legitimate technological development and adoption, its fundamental business model involves riba, which cannot be overlooked from an Islamic finance perspective.
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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.
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