Is this crypto halal? Shariah screening report
Numeraire
NMR
- Price
- $9.06
- Market cap
- $66.95M
- Circulating supply
- 7,388,984.693
- 24h change
- -0.31%
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
Numeraire (NMR) is the native token of Numerai, a decentralized hedge fund that uses artificial intelligence to make investment decisions. The token serves as a staking mechanism for data scientists who submit price predictions to the Numerai tournament platform. Data scientists stake NMR tokens when submitting their predictions, earning rewards for accurate predictions while losing their stake fo
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
Numeraire (NMR) is the native token of Numerai, a decentralized hedge fund that uses artificial intelligence to make investment decisions. The token serves as a staking mechanism for data scientists who submit price predictions to the Numerai tournament platform. Data scientists stake NMR tokens when submitting their predictions, earning rewards for accurate predictions while losing their stake for poor performance.
Current Usage
Numerai reports consistent participation from thousands of data scientists who stake NMR tokens and submit predictions. The platform manages significant assets and has demonstrated sustained ecosystem activity since its launch in 2015.
Business Model
The platform's business model revolves around crowdsourcing market predictions from data scientists worldwide. The staking mechanism ensures participants have skin in the game, promoting honest and quality submissions. This model aligns with Islamic principles as it involves real work, skill application, and value creation through legitimate market analysis.
Rating Justification
ComfortableAfter thorough analysis, Numeraire demonstrates clear utility as a staking token for data science contributions to a legitimate hedge fund operation. The platform creates real value through market analysis and prediction aggregation, avoiding prohibited activities like gambling or interest-based lending. The token's primary use case involves actual work and skill application, with transparent mechanisms for rewards and penalties.
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