Is this crypto halal? Shariah screening report
Zano
ZANO
- Price
- $7.24
- Market cap
- $111.70M
- Circulating supply
- 15,435,398.37
- 24h change
- -10.76%
Report generated 8/27/2026, 6:34:29 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
The primary purpose of Zano is to serve as a privacy-preserving medium of exchange and store of value. It incorporates features like ring signatures and stealth addresses to enhance transaction privacy. The project also aims to provide a platform for decentralized applications (dApps) with privacy features.
Honesty & Founder Intent Clear
Zano implemented a fair launch model without an ICO or pre-mine, suggesting a more equitable distribution. The hybrid PoW/PoS model allows community participation in network security and validation.
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 primary purpose of Zano is to serve as a privacy-preserving medium of exchange and store of value. It incorporates features like ring signatures and stealth addresses to enhance transaction privacy. The project also aims to provide a platform for decentralized applications (dApps) with privacy features.
Current Usage
While Zano has a relatively small user base compared to major cryptocurrencies, it maintains steady transaction volume for its intended privacy-focused use cases. The project has achieved integration with several cryptocurrency exchanges and maintains an active community.
Token Distribution
Zano implemented a fair launch model without an ICO or pre-mine, suggesting a more equitable distribution. The hybrid PoW/PoS model allows community participation in network security and validation.
Rating Justification
ComfortableAfter analyzing Zano's features and implementation, we find that its core functionality aligns with Islamic principles. The project: 1. Provides legitimate utility through privacy-preserving transactions 2. Does not involve riba (interest) or gambling mechanisms 3. Maintains transparent development practices 4. Does not facilitate prohibited activities 5. Implements fair token distribution mechanisms While adoption remains limited, this does not impact its Sharia compliance status. The project's focus on privacy and security features represents legitimate utility in the cryptocurrency space.
- Provides legitimate utility through privacy-preserving transactions
- Does not involve riba (interest) or gambling mechanisms
- Maintains transparent development practices
- Does not facilitate prohibited activities
- Implements fair token distribution mechanisms
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