Is this crypto halal? Shariah screening report
Ultiledger
ULT
- Price
- —
- Market cap
- —
- Circulating supply
- 2,836,429,508.787
- 24h change
- 0.00%
Report generated 8/27/2026, 6:34:28 PM · stored corpus assessment · confidence 55%
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 Flagged
The ULT token is intended to serve as the native utility token of the Ultiledger platform, used for transaction fees and platform governance. However, current information about actual usage and adoption is extremely limited. Development and Activity Research reveals minimal recent development activity. The project's official channels and documentation are largely outdated, with the last signific
Honesty & Founder Intent Clear
Detailed information about token distribution and vesting schedules is not readily available through official sources.
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 ULT token is intended to serve as the native utility token of the Ultiledger platform, used for transaction fees and platform governance. However, current information about actual usage and adoption is extremely limited. Development and Activity Research reveals minimal recent development activity. The project's official channels and documentation are largely outdated, with the last significant updates being several years old.
Current Usage
On-chain analysis shows very limited transaction activity, with most token movements occurring on exchanges rather than within the intended ecosystem.
Business Model
The core business model appears to focus on legitimate business use cases without any inherent elements that would violate Islamic principles. There is no evidence of involvement in prohibited activities like gambling, interest- based lending, or adult content.
Token Distribution
Detailed information about token distribution and vesting schedules is not readily available through official sources.
Rating Justification
UnclearWhile the project's core concept and intended utility do not violate Islamic principles, the extreme lack of transparency regarding token distribution, current development status, and actual usage makes it difficult to make a definitive assessment of the project's sharia compliance. The absence of clear, up-to-date information about fundamental aspects of the project raises significant concerns about transparency. Without being able to verify key aspects of the project's current status and operations, we must classify this token as questionable from a Sharia compliance perspective.
Comparable assessments
Gnosis GNO
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Open reportNexo NEXO
UncomfortableUncomfortable — From an Islamic finance perspective, Nexo's primary business model raises significant concerns. The platform's core operations revolve around interest- based le
Open reportOrbs ORBS
ComfortableComfortable — Based on our analysis, Orbs demonstrates legitimate utility in providing blockchain infrastructure services. The project's focus on enterprise solutions and dec
Open reportRlc RLC
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Open reportRootstock Infrastructure Framework RIF
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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.
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