Asset-backed Tokens coins: are they halal?
6 Asset-backed Tokens coins screened against our 27-point Shariah methodology. Open any report for pillar scores, criterion breakdowns and purification guidance.
What is Asset-backed Tokens?
Asset-backed tokens are blockchain-issued tokens that represent ownership or a claim on a specific underlying asset, such as gold, real estate, commodities, or fiat currency reserves held by an issuer. Each token's value is designed to track the market price of the reference asset, with the issuer typically maintaining custody of the physical or financial asset and providing redemption or audit mechanisms to support the peg. Examples include gold-backed tokens like PAXG and various tokenized real estate or commodity instruments issued on public blockchains.
- Halal17%
- Mashbooh67%
- Haram17%
| Shariah | Riba | Gharar | Maysir | ||
|---|---|---|---|---|---|
| 43 |  PAX GoldPAXG | HALAL89.9 | |||
| 38 |  Tether GoldXAUT | MASHBOOH67.1 | |||
| 779 |  cWBTCCWBTC | MASHBOOH57.7 | |||
| 570 |  cETHCETH | MASHBOOH57 | |||
| 2491 |  Tenset10SET | MASHBOOH50.1 | |||
| 138 |  OlympusOHM | HARAM45.7 |
How CryptoUmmah screens Asset-backed Tokens coins
As with every category we track, coins here are screened individually against our 27-point methodology across the three core pillars — riba (interest), gharar (uncertainty), and maysir (speculation/gambling) — rather than being judged by category label alone. Two coins sharing this tag can land on very different verdicts depending on their specific tokenomics, revenue model, and governance structure. Across the 6 Asset-backed Tokens coins we've screened, the average Shariah compliance score sits at 61.3/100, with 17% classified Halal, 67% Mashbooh, and 17% Haram.