Category

Derivatives coins: are they halal?

44 Derivatives coins screened against our 27-point Shariah methodology. Open any report for pillar scores, criterion breakdowns and purification guidance.

What is Derivatives?

Derivatives in the cryptocurrency market are financial instruments whose value is derived from the price of an underlying digital asset, such as Bitcoin or Ethereum, rather than the asset itself. Common forms include perpetual futures, fixed-expiry futures, and options, traded on centralized exchanges or decentralized on-chain protocols, often with leverage that amplifies potential gains and losses. Settlement can occur in the underlying cryptocurrency or in stablecoins, and positions are typically maintained through margin requirements and funding rate mechanisms rather than physical delivery of the asset.

Halal: 3 coins (7%)Mashbooh: 11 coins (25%)Haram: 30 coins (68%)44 coins
  • Halal7%
  • Mashbooh25%
  • Haram68%
ShariahRibaGhararMaysir
586UMAUMAHALAL75.3
136PendlePENDLEHALAL71.9
215Synthetix NetworkSNXHALAL70.7
10HyperliquidHYPEMASHBOOH69.5
725WOOWOOMASHBOOH68.5
1559LeverUpLVMASHBOOH65.5
351GMXGMXMASHBOOH61.9
1530QuickswapQUICKMASHBOOH59.9
614Nirvana ANAANAMASHBOOH59.2
1010Gains NetworkGNSMASHBOOH58
1504SYMMIOSYMMMASHBOOH55.5
215SynthetixSNXMASHBOOH52.4
1860RCH TokenRCHMASHBOOH50.1
2245Indigo ProtocolINDYMASHBOOH50.1
2561HXROHXROHARAM49.5
2209RailsRAILSHARAM49.5
515APEXAPEXHARAM49.3
2572Index Coop - ETH 2x Flexible Leverage IndexETH2X-FLIHARAM48.7
1959ParclPRCLHARAM48.6
1308StrikeSTRIKEHARAM47.7
432Flying TulipFTHARAM46.8
1985Cryptex FinanceCTXHARAM46.8
2437Perpetual ProtocolPERPHARAM45.6
788ROLLROLLHARAM44.7
401ETHGasGWEIHARAM44.6
242AWE NetworkAWEHARAM44.3
2770ThalesTHALESHARAM43.6
92LighterLITHARAM42.7
1810Thetanuts FinanceNUTSHARAM42.3
2100FulcromFULHARAM41.9
642AvantisAVNTHARAM41.9
2569PremiaPREMIAHARAM41.2
1343MUX ProtocolMCBHARAM40
1737sETHSETHHARAM39.8
2495ContangoTANGOHARAM39.3
1516Pika ProtocolPIKAHARAM37.6
2012DerivaDAODDXHARAM37.5
227DeriveDRVHARAM36.9
1940NereusNRSHARAM36.9
1281Drift ProtocolDRIFTHARAM36.8
954MYX FinanceMYXHARAM36.3
366CyberDEXCYDXHARAM28.1
637MangoMNGOHARAM26.2
1455TradoorTRADOORHARAM22.9

How CryptoUmmah screens Derivatives 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 44 Derivatives coins we've screened, the average Shariah compliance score sits at 47.9/100, with 7% classified Halal, 25% Mashbooh, and 68% Haram.