Category

Centralized Exchange (CEX) coins: are they halal?

11 Centralized Exchange (CEX) coins screened against our 27-point Shariah methodology. Open any report for pillar scores, criterion breakdowns and purification guidance.

What is Centralized Exchange (CEX)?

CEX-category coins are tokens issued by centralized cryptocurrency exchange platforms, distinct from the exchange's core custodial trading business.

How CryptoUmmah screens Centralized Exchange (CEX) coins

Riba is the dominant concern, driven specifically by custodial interest products — flexible or locked savings accounts, margin lending, and similar offerings that centralized exchanges commonly bundle alongside their token ecosystem. Our interest assessment and revenue model criteria weigh heavily here, since a CEX-linked token's value is often tied to a broader business whose revenue explicitly includes conventional lending activity, distinct from the token's own on-chain mechanics. Across the 11 Centralized Exchange (CEX) coins we've screened, the average Shariah compliance score sits at 62.2/100, with 18% classified Halal, 73% Mashbooh, and 9% Haram.

Halal: 2 coins (18%)Mashbooh: 8 coins (73%)Haram: 1 coin (9%)11 coins
  • Halal18%
  • Mashbooh73%
  • Haram9%
ShariahRibaGhararMaysir
4BNBBNBHALAL73.4
34CronosCROHALAL72.9
70KuCoinKCSMASHBOOH68.5
725WOOWOOMASHBOOH68.5
85Gate TokenGTMASHBOOH66.9
258Tokenize XchangeTKXMASHBOOH58.8
15LEO TokenLEOMASHBOOH58.6
45OKBOKBMASHBOOH56.5
200MXMXMASHBOOH56.3
61Bitget TokenBGBMASHBOOH56
16WhiteBIT CoinWBTHARAM47.4