Is this crypto halal? Shariah screening report
SPACE ID
ID
- Price
- $0.031918
- Market cap
- $47.58M
- Circulating supply
- 1,490,716,772.85
- 24h change
- 2.06%
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 ID token serves multiple functions within the SPACE ID ecosystem: governance rights allowing holders to participate in protocol decisions, protocol fee distribution to stakers, and access to premium features of the naming service. The platform enables users to register and manage domain names that work across different blockchains.
Honesty & Founder Intent Clear
The token distribution includes allocations for team members and early investors with standard vesting periods. While there is a significant allocation to the team and investors, this is common in blockchain projects and doesn't inherently indicate problematic intentions.
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 ID token serves multiple functions within the SPACE ID ecosystem: governance rights allowing holders to participate in protocol decisions, protocol fee distribution to stakers, and access to premium features of the naming service. The platform enables users to register and manage domain names that work across different blockchains.
Business Model
The core business model revolves around providing decentralized identity and naming services, which is a legitimate technological utility. The platform generates revenue through domain registration fees and renewal fees, which is transparent and does not involve any prohibited activities like interest- based lending or gambling. Real World Adoption SPACE ID has established partnerships with various blockchain platforms and has seen adoption from users seeking to create unified digital identities across networks. The platform reports over 500,000 registered domain names across supported chains.
Development Activity
The project maintains active development with regular updates to its infrastructure and features. The team consistently releases new integrations and improvements to the naming service functionality.
Token Distribution
The token distribution includes allocations for team members and early investors with standard vesting periods. While there is a significant allocation to the team and investors, this is common in blockchain projects and doesn't inherently indicate problematic intentions.
Rating Justification
ComfortableBased on our analysis, SPACE ID operates as a legitimate blockchain infrastructure project providing actual utility through its naming service and digital identity solutions. The business model is transparent and doesn't involve any activities that would be considered haram in Islamic finance. The project's focus on creating real technological value through its naming service, combined with its transparent operations and absence of prohibited activities, makes it acceptable from a Shariah compliance perspective.
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
Alchemy Pay ACH
ComfortableComfortable — Alchemy Pay demonstrates clear utility in facilitating crypto-fiat payments and providing payment infrastructure services. The platform's focus on real- world a
Open reportAxie Infinity AXS
ComfortableComfortable — From a Shariah compliance perspective, Axie Infinity demonstrates legitimate utility through its gaming ecosystem and digital asset ownership model. The platfor
Open reportNone TON
ComfortableComfortable — Based on our analysis, TON demonstrates clear utility through its network functionality, active development, and real-world applications. The project's focus on
Open reportGravity G
UnclearUnclear — Due to the inability to find verifiable information about this cryptocurrency, we cannot make a determination about its Sharia compliance. Investors should exer
Open reportJasmyCoin JASMY
ComfortableComfortable — Based on our analysis, JasmyCoin demonstrates legitimate utility in the IoT and data management space. The project's focus on technological development, actual
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