Is this crypto halal? Shariah screening report
MultiversX
EGLD
- Price
- $3.69
- Market cap
- $113.30M
- Circulating supply
- 30,671,329.519
- 24h change
- 4.78%
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
MultiversX (formerly Elrond) is a blockchain platform designed to provide fast, secure, and scalable transactions through its unique Adaptive State Sharding mechanism. The EGLD token serves as the native currency for the MultiversX ecosystem, used for transaction fees, staking, and governance.
Honesty & Founder Intent Clear
The initial token distribution allocated 19% to the team and advisors with a 4- year vesting period, demonstrating long-term commitment. The majority of tokens were distributed through public sale and ecosystem rewards. Current statistics show a well-distributed token supply across validators, stakeholders, and users.
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
MultiversX (formerly Elrond) is a blockchain platform designed to provide fast, secure, and scalable transactions through its unique Adaptive State Sharding mechanism. The EGLD token serves as the native currency for the MultiversX ecosystem, used for transaction fees, staking, and governance.
Current Usage
MultiversX has established significant partnerships with major organizations and governments, including the Romanian Government for digital identity solutions. The network processes millions of transactions, with over 3,200 validator nodes securing the network. Their DEX, Maiar Exchange, demonstrates substantial trading volume and utility within the ecosystem.
Development Activity
The project maintains active development with regular GitHub commits and ecosystem updates. The team consistently delivers on their roadmap, including the successful launch of their Maiar wallet, DEX, and various infrastructure improvements. The ecosystem includes hundreds of projects building on MultiversX.
Token Distribution
The initial token distribution allocated 19% to the team and advisors with a 4- year vesting period, demonstrating long-term commitment. The majority of tokens were distributed through public sale and ecosystem rewards. Current statistics show a well-distributed token supply across validators, stakeholders, and users.
Rating Justification
ComfortableAfter thorough analysis, MultiversX (EGLD) demonstrates clear utility through its technological infrastructure, active development, and growing ecosystem. The platform's focus on scalability and enterprise adoption, combined with transparent token distribution and clear use cases, aligns with Islamic principles of fair trade and value creation. The project shows no significant involvement in prohibited activities like interest-based lending or gambling. While some DeFi applications exist in the ecosystem, the core protocol itself maintains halal compliance through its focus on technological infrastructure and legitimate value exchange.
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.
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