Is this crypto halal? Shariah screening report
Quant
QNT
- Price
- $61.73
- Market cap
- $745.22M
- Circulating supply
- 12,072,738
- 24h change
- 0.96%
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
Quant Network's QNT token is the utility token powering the Overledger Network, which aims to enable interoperability between different blockchain networks. The token is required for paying platform fees, accessing Overledger Network services, and licensing fees for developers.
Honesty & Founder Intent Clear
QNT has a fixed supply of 14.6 million tokens. While early investors and team members received allocations, they were subject to vesting periods. The distribution model appears designed for long-term platform sustainability rather than short-term profit.
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
Quant Network's QNT token is the utility token powering the Overledger Network, which aims to enable interoperability between different blockchain networks. The token is required for paying platform fees, accessing Overledger Network services, and licensing fees for developers.
Current Usage
Quant has established partnerships with major financial institutions and technology companies, including Oracle, SIA, and various central banks. The network has demonstrated practical use cases in financial services, healthcare, and supply chain management.
Business Model
The business model centers around providing enterprise-grade blockchain solutions, focusing on financial institutions, governments, and corporations. The token serves as the primary means of accessing and paying for these services. The model appears transparent and doesn't involve any prohibited activities under Islamic law.
Development Activity
The project maintains active development, with regular updates to the Overledger platform. The GitHub repository shows consistent activity, and the team regularly publishes technical documentation and updates.
Token Distribution
QNT has a fixed supply of 14.6 million tokens. While early investors and team members received allocations, they were subject to vesting periods. The distribution model appears designed for long-term platform sustainability rather than short-term profit.
Rating Justification
ComfortableBased on our analysis, QNT serves clear utility purposes within the Quant Network ecosystem. The token is essential for accessing network services and doesn't involve prohibited elements like riba or gambling. The project demonstrates legitimate technological advancement in blockchain interoperability, with real-world implementation and partnerships. While trading volume is significant, this doesn't negate its fundamental utility. The token's core function aligns with halal principles as it represents actual ownership and access rights to network services.
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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