Internet of Things (IOT) coins: are they halal?
12 Internet of Things (IOT) coins screened against our 27-point Shariah methodology. Open any report for pillar scores, criterion breakdowns and purification guidance.
What is Internet of Things (IOT)?
Internet of Things (IoT) cryptocurrencies are tokens designed to support networks of connected physical devices, enabling secure data exchange, machine-to-machine payments, and device authentication without centralized intermediaries. These projects typically provide infrastructure such as distributed ledgers optimized for lightweight, high-throughput transactions, along with tools for device identity management, data monetization, and sensor-network coordination. Common applications include supply chain tracking, smart city sensors, connected vehicles, and industrial automation, with tokens used to pay for data transfer, computing resources, or network fees generated by the devices themselves.
- Halal42%
- Mashbooh58%
- Haram0%
| Shariah | Riba | Gharar | Maysir | ||
|---|---|---|---|---|---|
| 371 |  DigiByteDGB | HALAL82.7 | |||
| 113 |  VeChainVET | HALAL76.6 | |||
| 153 |  JasmyCoinJASMY | HALAL74.5 | |||
| 728 |  MVLMVL | HALAL72.2 | |||
| 1756 |  OctaSpaceOCTA | HALAL72.2 | |||
| 533 |  HeliumHNT | MASHBOOH69.5 | |||
| 761 |  IoTeXIOTX | MASHBOOH69.1 | |||
| 187 |  IOTAIOTA | MASHBOOH68.5 | |||
| 498 |  XYO NetworkXYO | MASHBOOH61 | |||
| 398 |  io.netIO | MASHBOOH59.4 | |||
| 2830 |  Streamr XDATAXDATA | MASHBOOH58.6 | |||
| 1950 |  NATIX NetworkNATIX | MASHBOOH56.9 |
How CryptoUmmah screens Internet of Things (IOT) 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 12 Internet of Things (IOT) coins we've screened, the average Shariah compliance score sits at 68.4/100, with 42% classified Halal, 58% Mashbooh, and 0% Haram.