Is this crypto halal? Shariah screening report
Request
REQ
- Price
- $0.055936
- Market cap
- $44.56M
- Circulating supply
- 796,694,830.639
- 24h change
- 0.62%
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
The primary purpose of REQ is to serve as the native token for the Request Network, where it is used for: 1. Payment facilitation between parties 2. Network fee payments 3. Governance participation 4. Incentivizing network participants
Honesty & Founder Intent Clear
The token distribution shows a balanced allocation with vesting periods for team members and early investors. While a significant portion was allocated to the team and early supporters, these tokens were subject to long-term vesting schedules, indicating a commitment to long-term development 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
The primary purpose of REQ is to serve as the native token for the Request Network, where it is used for: 1. Payment facilitation between parties 2. Network fee payments 3. Governance participation 4. Incentivizing network participants
Current Usage
Request has secured partnerships with various organizations and is being actively used for business payments and invoicing. Notable integrations include partnerships with Maker DAO and Aave for payment solutions. The network processes real business transactions, demonstrating genuine utility beyond speculative trading.
Business Model
Request Network's business model focuses on providing payment solutions for businesses and individuals. The platform enables invoicing, payment processing, and expense management in both cryptocurrencies and traditional currencies. This aligns with halal principles as it facilitates legitimate trade and commerce without involving interest-based mechanisms.
Development Activity
The project maintains active development with regular updates to its protocol and applications. The team consistently releases new features and improvements, indicating a legitimate focus on building useful technology rather than just token promotion.
Token Distribution
The token distribution shows a balanced allocation with vesting periods for team members and early investors. While a significant portion was allocated to the team and early supporters, these tokens were subject to long-term vesting schedules, indicating a commitment to long-term development rather than short-term profit.
Rating Justification
ComfortableBased on our analysis, Request (REQ) demonstrates legitimate utility in facilitating payments and business transactions. The project's focus on real- world payment solutions, active development, and transparent business model aligns with Islamic principles of fair trade and commerce. The token serves clear utility purposes within its ecosystem and isn't primarily designed for speculation or gambling. The payment and invoicing services provided by Request Network constitute genuine value exchange rather than zero-sum games.
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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