Insurance coins: are they halal?
5 Insurance coins screened against our 27-point Shariah methodology. Open any report for pillar scores, criterion breakdowns and purification guidance.
What is Insurance?
Insurance tokens power blockchain-based protocols that provide coverage against risks such as smart contract failure, exchange insolvency, stablecoin de-pegging, or other digital asset losses. These platforms typically use pooled capital, where token holders or liquidity providers stake assets to underwrite policies and earn premiums in return, while claims are assessed through decentralized voting, oracle data, or designated adjudicators. The native token often serves multiple functions within the protocol, including governance, staking as underwriting capital, premium payment, and distribution of yield or rewards.
- Halal20%
- Mashbooh20%
- Haram60%
| Shariah | Riba | Gharar | Maysir | ||
|---|---|---|---|---|---|
| 287 |  Nexus MutualNXM | HALAL78 | |||
| 1582 |  inSure DeFiSURE | MASHBOOH61.2 | |||
| 2758 |  VAIOTVAI | HARAM49.4 | |||
| 822 |  Re Protocol reUSDeREUSDE | HARAM45 | |||
| 388 |  RERE | HARAM42.5 |
How CryptoUmmah screens Insurance 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 5 Insurance coins we've screened, the average Shariah compliance score sits at 55.2/100, with 20% classified Halal, 20% Mashbooh, and 60% Haram.