Is this crypto halal? Shariah screening report
Rlc
RLC
- Price
- $0.312280
- Market cap
- $27.17M
- Circulating supply
- 86,999,784.987
- 24h change
- 0.16%
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
iExec RLC (RLC) is a decentralized cloud computing platform that allows users to monetize and rent computing resources. The platform enables developers and enterprises to execute resource-intensive computational tasks on a distributed network. RLC tokens are used to pay for computing services, reward resource providers, and facilitate governance of the platform.
Honesty & Founder Intent Clear
The token distribution appears reasonable, with no concerning concentration in founder or early investor wallets. The project maintains transparency in its operations and token economics.
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
iExec RLC (RLC) is a decentralized cloud computing platform that allows users to monetize and rent computing resources. The platform enables developers and enterprises to execute resource-intensive computational tasks on a distributed network. RLC tokens are used to pay for computing services, reward resource providers, and facilitate governance of the platform.
Current Usage
iExec has established partnerships with major technology companies including Intel and IBM. The platform is actively used for various computing tasks, particularly in the fields of AI and scientific computing. On-chain data shows consistent transaction activity related to computational resource trading.
Business Model
The business model focuses on creating a marketplace for computing resources, which aligns with halal principles as it involves genuine exchange of services. The platform enables fair and transparent pricing for computing power, with clear utility in scientific research, AI computations, and business applications.
Development Activity
The project maintains active development on GitHub, with regular updates to their core protocol and marketplace infrastructure. The team consistently releases technical updates and improvements to their computing marketplace.
Token Distribution
The token distribution appears reasonable, with no concerning concentration in founder or early investor wallets. The project maintains transparency in its operations and token economics.
Rating Justification
ComfortableBased on our analysis, iExec RLC demonstrates clear utility as a decentralized computing marketplace. The platform facilitates legitimate exchange of computing resources, with transparent pricing and clear value proposition. There are no apparent elements of gambling, riba, or other prohibited activities in its core operations. The project's focus on providing actual computing services, combined with its transparent operations and legitimate partnerships, suggests it operates within halal boundaries.
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