GMCI Layer 1 Index coins: are they halal?

What is GMCI Layer 1 Index?

This is one of the categories our screening covers — a grouping of coins that share a common function or narrative within the broader crypto market.

How CryptoUmmah screens GMCI Layer 1 Index 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 2 GMCI Layer 1 Index coins we've screened, the average Shariah compliance score sits at 71.2/100, with 100% classified Halal, 0% Mashbooh, and 0% Haram.