Is this crypto halal? Shariah screening report

None

QUICK

Unclear

Price: $10.56
Market cap: $7.02M
Circulating supply: 664,837.875
24h change: -0.88%

Report generated 8/27/2026, 6:34:28 PM · stored corpus assessment · confidence 55%

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

QuickSwap [Old] (QUICK) was designed as the governance and utility token for QuickSwap, a decentralized exchange (DEX) built on Polygon's network. Token holders could participate in governance decisions and earn rewards from providing liquidity to the platform.

Honesty & Founder Intent Clear

As this is a deprecated token that has been replaced by a new version, the original token distribution and founder considerations are no longer relevant to current evaluation.

Dealing with Risk & Speculation Clear

Speculative trading of a real asset is treated as trade, not gambling, under the screening framework.

Crypto Overview

Decentralized Exchange (DEX) TokenDeFiYield FarmingAMMPolygon Ecosystem

Purpose and Utility

Current Usage

QuickSwap [Old] has been replaced by QuickSwap [New] (QUICK v2) as part of a protocol upgrade. The old token is no longer actively used for its intended purposes, and holders were given the opportunity to migrate to the new version.

Business Model

The business model involved facilitating decentralized trading of cryptocurrencies, with token holders receiving a portion of trading fees when staking their tokens. While trading itself is permissible, the staking rewards mechanism raised some concerns from an Islamic finance perspective as it could be viewed as a form of riba.

Development Activity

Development on the original QUICK token has ceased, as the project has moved forward with its new implementation. The old token exists primarily as a legacy asset.

Token Distribution

As this is a deprecated token that has been replaced by a new version, the original token distribution and founder considerations are no longer relevant to current evaluation.

Rating Justification

Unclear

Due to this being a deprecated token that has been replaced by a new version, and the original staking mechanism raising concerns about riba, we classify this token as Questionable from a Shariah compliance perspective. The focus should be on evaluating the new QuickSwap token (QUICK v2) rather than this legacy version.

Comparable assessments

1inch 1INCH
Comfortable
Comfortable — The 1inch Network demonstrates clear utility through its DEX aggregation service, providing genuine value to users through optimal trading routes and reduced co
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Curve DAO Token CRV
Uncomfortable
Uncomfortable — The analysis of Curve DAO Token reveals mixed elements from a Shariah compliance perspective. While the core trading functionality and governance aspects are pe
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Jupiter JUP
Comfortable
Comfortable — From a Shariah compliance perspective, Jupiter's core business of facilitating asset exchange aligns with Islamic principles. The platform enables actual transf
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Raydium RAY
Comfortable
Comfortable — Raydium's primary functions of facilitating trading and liquidity provision align with Islamic financial principles as they involve actual asset exchange and va
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Uniswap UNI
Comfortable
Comfortable — Based on our analysis, Uniswap (UNI) demonstrates clear utility as a governance token for a legitimate decentralized exchange protocol. The business model invol
Open report

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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