Is this crypto halal? Shariah screening report
Storj
STORJ
- Price
- $0.034749
- Market cap
- $14.77M
- Circulating supply
- 424,999,998
- 24h change
- -5.69%
Report generated 8/30/2026, 7:50:21 PM · confidence 78%
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 token has identifiable utility: Used for accessing storage services on the platform
Honesty & Founder Intent Clear
Not specified in the source
Dealing with Risk & Speculation Clear
Price volatility and speculative trading, by themselves, do not make the asset Uncomfortable. No zero-sum gambling product was identified as the core use.
Crypto Overview
Purpose and Utility
Storj is a decentralized storage platform that allows users to store and share files securely. The STORJ token is utilized for accessing storage services on the platform, providing a clear utility within its ecosystem.
Current Usage
The platform is actively used in decentralized storage solutions, enabling users to store data in a distributed manner, which enhances security and reliability.
Business Model
Storj operates on a revenue model based on transaction fees collected from storage services. Users pay with STORJ tokens to access storage, creating a direct exchange of value.
Development Activity
The project operates on the Ethereum platform and is actively developed, indicating ongoing improvements and updates to its services.
Token Distribution
Details regarding the token distribution are not specified in the source, which leaves some uncertainty in this area.
Rating Justification
ComfortableThe analysis indicates that Storj has identifiable utility and operates within a legitimate business model focused on decentralized storage. While there is some price volatility and speculative trading, these factors alone do not render the asset uncomfortable. The absence of prohibited elements such as riba, maysir, or gambling further supports a comfortable rating.
- Identifiable utility for accessing storage services
- Active development on the Ethereum platform
- Revenue model based on transaction fees
- No core features involving riba, gambling, or prohibited activities
While the token distribution details are not provided, the overall analysis of Storj suggests a comfortable standing in terms of compliance with Islamic finance principles.
Comparable assessments
StorX Network SRX
ComfortableDemonstrates legitimate utility as a decentralized storage solution with a clear exchange of value.
Filecoin FIL
ComfortableOffers clear utility through decentralized storage services and maintains a transparent business model.
None BTT
ComfortableFacilitates real-world file-sharing and storage solutions, aligning with Islamic principles of fair trade.
Holo HOT
ComfortableDesigned for distributed computing services, with no inherent prohibited activities.
Arweave AR
ComfortableDemonstrates clear utility through permanent storage solutions without involving prohibited activities.
Stacks STX
ComfortableAligns with halal business practices through legitimate utility and value exchange.
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.