NFT coins: are they halal?

What is NFT?

NFT-category coins are tokens or platforms built around non-fungible tokens — unique, individually priced digital assets rather than interchangeable currency units.

How CryptoUmmah screens NFT coins

Gharar is the dominant concern here, because NFT valuation is structurally opaque — price is driven by subjective, often speculative demand rather than any measurable underlying cash flow or utility, and ownership/provenance claims can be harder to verify than for a standard token. Our gharar criteria — covering transparency, documentation, and speculation-to-utility ratio — carry the most weight for this category. Maysir is a secondary factor where an NFT project's value is driven almost entirely by flip-and-resell speculation rather than genuine collectible, utility, or access value. Across the 133 NFT coins we've screened, the average Shariah compliance score sits at 55.6/100, with 14% classified Halal, 50% Mashbooh, and 35% Haram.