Is this crypto halal? Shariah screening report
Smart Blockchain
SMART
- Price
- $0.005022
- Market cap
- $33.75M
- Circulating supply
- 6,720,430,108
- 24h change
- -0.72%
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 intended use of SMART is as a medium of exchange and payment system. The project implements a unique governance system where 70% of block rewards are allocated to a community treasury (SmartHive), enabling token holders to propose and vote on development initiatives.
Honesty & Founder Intent Clear
SmartCash implemented a fair launch with no pre-mine or ICO. Block rewards are distributed with 70% going to SmartHive Treasury, 15% to miners, and 15% to node operators. This distribution model shows a focus on community development rather than founder enrichment.
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 intended use of SMART is as a medium of exchange and payment system. The project implements a unique governance system where 70% of block rewards are allocated to a community treasury (SmartHive), enabling token holders to propose and vote on development initiatives.
Current Usage
While SmartCash has seen limited merchant adoption, it continues to function as intended for payments and value transfer. The project maintains active development and community engagement through its SmartHive initiative.
Business Model
The project's business model centers around providing a decentralized payment solution with community governance. The platform does not involve interest-bearing products, lending, or any explicitly haram activities. SmartCash operates on a Proof-of-Work consensus mechanism, which is permissible from an Islamic finance perspective.
Development Activity
The project maintains basic development activity, though at a reduced pace compared to its early years. The core features of the network remain functional, including its payment system and governance mechanism.
Token Distribution
SmartCash implemented a fair launch with no pre-mine or ICO. Block rewards are distributed with 70% going to SmartHive Treasury, 15% to miners, and 15% to node operators. This distribution model shows a focus on community development rather than founder enrichment.
Rating Justification
ComfortableFrom a Shariah compliance perspective, SmartCash demonstrates several positive attributes: 1) It functions as a legitimate medium of exchange, 2) Its consensus mechanism and governance system are transparent and permissible, 3) The project does not engage in interest-based activities or other prohibited operations, 4) The token distribution model prioritizes community development over founder enrichment.
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.
Comparable assessments
None ELF
ComfortableComfortable — Based on our analysis, aelf (ELF) demonstrates clear utility as a blockchain infrastructure platform. The token serves legitimate purposes within the ecosystem
Open reportCardano ADA
ComfortableComfortable — Based on our analysis, Cardano demonstrates legitimate utility through its smart contract platform, decentralized applications, and governance mechanisms. The p
Open reportAIOZ Network AIOZ
ComfortableComfortable — Based on our analysis, AIOZ Network demonstrates legitimate utility in providing decentralized content delivery infrastructure. The project's focus on technical
Open reportAlgorand ALGO
ComfortableComfortable — Based on our analysis, Algorand demonstrates legitimate utility as a blockchain platform with real-world applications. The platform's focus on technological adv
Open reportAvalanche AVAX
ComfortableComfortable — Based on our analysis, Avalanche (AVAX) demonstrates clear utility through its technological infrastructure, active development, and real-world applications. Th
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.
- corpus