Is this crypto halal? Shariah screening report
None
POL
- Price
- $0.103571
- Market cap
- $1.11B
- Circulating supply
- 10,705,388,382.431
- 24h change
- -2.69%
Report generated 8/27/2026, 6:34:28 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
POL (formerly MATIC) is the native token of the Polygon network, a layer-2 scaling solution for Ethereum. Its primary purposes are: governance voting on Polygon Improvement Proposals (PIPs), securing the network through staking, and paying transaction fees on the Polygon network.
Honesty & Founder Intent Clear
Initial token distribution allocated 23.4% to the founding team and advisors, with four-year vesting periods. Current circulation shows a relatively well- distributed token supply, with no concerning concentration of ownership. Additional Considerations The staking mechanism involves securing the network through Proof of Stake, which is permissible as it provides a legitimate service. The platfor
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
POL (formerly MATIC) is the native token of the Polygon network, a layer-2 scaling solution for Ethereum. Its primary purposes are: governance voting on Polygon Improvement Proposals (PIPs), securing the network through staking, and paying transaction fees on the Polygon network.
Current Usage
Polygon has achieved significant adoption, with over 37,000 dApps deployed on the network as of 2024. Major companies and platforms including Reddit, Starbucks, and Adobe have integrated Polygon technology. The network processes millions of transactions daily, demonstrating substantial real-world usage.
Business Model
The business model focuses on providing faster and cheaper transactions while maintaining Ethereum's security. The platform enables developers to build and deploy decentralized applications (dApps) with lower costs. The token's utility is transparent and well-documented, with clear technological use cases that don't involve prohibited activities.
Development Activity
The project maintains active development with regular updates and improvements. The recent rebranding from MATIC to POL in 2024 came alongside significant technical upgrades including the Protocol-Owned Liquidity (POL) system. The developer community is robust, with thousands of active contributors.
Token Distribution
Initial token distribution allocated 23.4% to the founding team and advisors, with four-year vesting periods. Current circulation shows a relatively well- distributed token supply, with no concerning concentration of ownership. Additional Considerations The staking mechanism involves securing the network through Proof of Stake, which is permissible as it provides a legitimate service. The platform doesn't facilitate lending or interest-bearing products directly, though some dApps built on Polygon may involve such activities.
Rating Justification
ComfortablePOL demonstrates clear utility through its network security, governance, and transaction fee mechanisms. The project shows strong technological foundations and legitimate use cases, with no inherent elements that would make it impermissible from an Islamic finance perspective. While some applications built on Polygon may involve non-compliant activities, the base layer protocol and its native token POL are used primarily for permissible purposes including network security and transaction facilitation.
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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