Is this crypto halal? Shariah screening report
SushiSwap
SUSHI
- Price
- $0.193196
- Market cap
- $55.42M
- Circulating supply
- 286,835,036.081
- 24h change
- 2.28%
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
SushiSwap is a decentralized exchange (DEX) that allows users to trade cryptocurrencies, provide liquidity, and earn rewards. The SUSHI token serves as a governance token, giving holders voting rights over protocol decisions and a share of trading fees when staked.
Honesty & Founder Intent Clear
SUSHI tokens were initially distributed through fair launch farming, with no pre-mine for the team. Current distribution includes protocol treasury, community rewards, and circulating supply among users and stakeholders.
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
SushiSwap is a decentralized exchange (DEX) that allows users to trade cryptocurrencies, provide liquidity, and earn rewards. The SUSHI token serves as a governance token, giving holders voting rights over protocol decisions and a share of trading fees when staked.
Current Usage
SushiSwap maintains significant daily trading volume and total value locked (TVL). The platform operates across multiple blockchain networks including Ethereum, Arbitrum, and Polygon, serving a global user base for decentralized trading.
Business Model
The platform operates as an automated market maker (AMM) where users can swap tokens, provide liquidity to trading pairs, and participate in yield farming. Trading fees are distributed between liquidity providers and SUSHI stakers.
Development Activity
The project maintains active development with regular updates to its protocol. Recent developments include enhanced security measures, multi- chain expansion, and improved user interface. The development team continues to implement community-approved proposals and protocol improvements.
Token Distribution
SUSHI tokens were initially distributed through fair launch farming, with no pre-mine for the team. Current distribution includes protocol treasury, community rewards, and circulating supply among users and stakeholders.
Rating Justification
ComfortableSushiSwap's core functionality as a decentralized exchange involves the actual exchange of digital assets, with real utility in facilitating cryptocurrency trades. While the platform includes staking and liquidity provision features, these represent legitimate business operations rather than gambling or pure speculation. The main concerns from a Shariah perspective would be the DeFi lending features, which should be avoided by Muslim users. However, the core exchange functionality and governance aspects of the SUSHI token are permissible as they involve actual asset ownership and value exchange.
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
Curve DAO Token CRV
UncomfortableUncomfortable — The analysis of Curve DAO Token reveals mixed elements from a Shariah compliance perspective. While the core trading functionality and governance aspects are pe
Open reportKyber Network Crystal v2 KNC
ComfortableComfortable — Based on our analysis, KNC serves a legitimate purpose in facilitating decentralized token exchanges and protocol governance. The business model is transparent
Open reportPancakeSwap CAKE
ComfortableComfortable — From a Shariah compliance perspective, PancakeSwap's core functions of facilitating asset exchange and liquidity provision are permissible activities. The excha
Open reportXPR Network XPR
ComfortableComfortable — Based on our analysis, XPR Network demonstrates legitimate utility through its blockchain infrastructure, decentralized identity solutions, and ecosystem applic
Open reportUniswap UNI
ComfortableComfortable — Based on our analysis, Uniswap (UNI) demonstrates clear utility as a governance token for a legitimate decentralized exchange protocol. The business model invol
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