Is this crypto halal? Shariah screening report
Terra
LUNA
- Price
- $0.045283
- Market cap
- $32.15M
- Circulating supply
- 709,984,438.917
- 24h change
- 0.04%
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
Osmosis Ecosystem Alleged SEC Securities Purpose and Intended Use Terra 2.0 was launched in May 2022 following the collapse of the original Terra ecosystem (LUNA Classic). The new LUNA token serves as the native staking and governance token of the Terra blockchain. Its primary stated purposes are to facilitate decentralized governance of the network and secure the blockchain through staking.
Honesty & Founder Intent Clear
The new LUNA token was distributed through an airdrop to holders of the original LUNA and UST tokens, with specific allocations for community pools and ecosystem development. The distribution model includes vesting periods for pre-attack LUNA holders.
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
Osmosis Ecosystem Alleged SEC Securities Purpose and Intended Use Terra 2.0 was launched in May 2022 following the collapse of the original Terra ecosystem (LUNA Classic). The new LUNA token serves as the native staking and governance token of the Terra blockchain. Its primary stated purposes are to facilitate decentralized governance of the network and secure the blockchain through staking.
Current Usage
The current Terra 2.0 ecosystem functions primarily as a blockchain platform for decentralized applications, with LUNA used for staking and governance. The platform maintains a focus on building decentralized applications, though with significantly reduced scope compared to its predecessor. The ecosystem notably eliminated the algorithmic stablecoin mechanism that led to the original Terra's collapse.
Development Activity
Development activity continues on the Terra 2.0 blockchain, though at a reduced pace compared to the original Terra. The project maintains an open- source approach with regular updates to its core infrastructure.
Token Distribution
The new LUNA token was distributed through an airdrop to holders of the original LUNA and UST tokens, with specific allocations for community pools and ecosystem development. The distribution model includes vesting periods for pre-attack LUNA holders.
Rating Justification
ComfortableFrom a Shariah compliance perspective, Terra 2.0's core functions of staking and governance represent legitimate utility. The platform's focus on providing blockchain infrastructure and supporting decentralized applications constitutes real value exchange. While the platform's adoption remains limited, this doesn't impact its Shariah compliance status. The elimination of the algorithmic stablecoin mechanism removes previous concerns about systemic risks and potential gambling-like characteristics. The current use cases involve actual asset ownership and value transfer, rather than zero-sum games.
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.
- corpus