Is this crypto halal? Shariah screening report
Stellar
XLM
- Price
- $0.180010
- Market cap
- $6.24B
- Circulating supply
- 34,685,465,420.147
- 24h change
- 1.27%
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
Stellar is designed as a decentralized payment network that enables fast, low-cost cross-border transactions and serves as a bridge between different currencies, both fiat and crypto. The platform aims to make financial services more accessible globally, particularly in underserved regions.
Honesty & Founder Intent Clear
The Stellar Development Foundation (SDF) manages a significant portion of XLM tokens, with a transparent mandate for development, partnership growth, and user acquisition. The foundation regularly publishes reports on token usage and burns excess supply to maintain transparency.
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
Stellar is designed as a decentralized payment network that enables fast, low-cost cross-border transactions and serves as a bridge between different currencies, both fiat and crypto. The platform aims to make financial services more accessible globally, particularly in underserved regions.
Current Usage
Stellar has established notable partnerships with financial institutions and technology companies. The Stellar Development Foundation has collaborated with MoneyGram for real-time money transfers, and various companies use the network for remittances and asset tokenization. The platform processes millions of transactions monthly, demonstrating actual utility.
Business Model
The Stellar network operates through a native token (XLM) that serves multiple purposes: facilitating multi-currency transactions, preventing spam by requiring minimal account balances and transaction fees, and enabling quick currency conversions. The network's core operations align with Islamic principles as they focus on facilitating legitimate trade and value transfer.
Development Activity
The Stellar Development Foundation actively maintains and upgrades the network. Recent developments include protocol updates improving scalability and security. The ecosystem shows continuous growth with new projects building on the platform.
Token Distribution
The Stellar Development Foundation (SDF) manages a significant portion of XLM tokens, with a transparent mandate for development, partnership growth, and user acquisition. The foundation regularly publishes reports on token usage and burns excess supply to maintain transparency.
Rating Justification
ComfortableBased on our analysis, Stellar (XLM) demonstrates legitimate utility in facilitating cross-border payments and currency exchange. The platform's core functionality aligns with Islamic principles by enabling actual value transfer and trade. The network's transparency, clear use case, and ongoing development activity support its legitimacy. The primary concerns revolve around certain DeFi applications built on Stellar that may involve interest-bearing products, but these are separate from the core protocol and token utility. Users should exercise caution and avoid these specific applications if seeking full Sharia compliance.
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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