Category

Perpetuals coins: are they halal?

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

What is Perpetuals?

Perpetuals refer to perpetual futures contracts, derivative instruments that let traders speculate on an asset's price with leverage without an expiry date, using a funding rate mechanism to keep the contract price anchored to the underlying spot market. In crypto, this category also encompasses the native tokens of decentralized perpetual exchanges (perp DEXs), which typically accrue value through trading fee revenue, governance rights, and staking incentives tied to the protocol's trading volume. These platforms replicate the leveraged trading functionality of centralized derivatives exchanges through on-chain order books, vaults, or automated market maker designs.

Mashbooh: 14 coins (34%)Haram: 27 coins (66%)41 coins
  • Halal0%
  • Mashbooh34%
  • Haram66%
ShariahRibaGhararMaysir
10HyperliquidHYPEMASHBOOH69.5
725WOOWOOMASHBOOH68.5
1559LeverUpLVMASHBOOH65.5
2738IDEXIDEXMASHBOOH65
351GMXGMXMASHBOOH61.9
1316ThenaTHEMASHBOOH60.4
1530QuickswapQUICKMASHBOOH59.9
1010Gains NetworkGNSMASHBOOH58
1008InfinexINXMASHBOOH56.2
1504SYMMIOSYMMMASHBOOH55.5
971SynFuturesFMASHBOOH54.7
884AevoAEVOMASHBOOH53.1
1017OrderlyORDERMASHBOOH50.5
2296Kodiak FinanceKDKMASHBOOH50.1
1542BluefinBLUEHARAM49.8
2209RailsRAILSHARAM49.5
515APEXAPEXHARAM49.3
244GeniusGENIUSHARAM49
1235Pear ProtocolPEARHARAM48.9
1944VOOIVOOIHARAM48.1
1308StrikeSTRIKEHARAM47.7
432Flying TulipFTHARAM46.8
1985Cryptex FinanceCTXHARAM46.8
1652NominaNOMHARAM46.8
1793Flash.TradeFAFHARAM46
2104OmnipairOMFGHARAM45.7
2437Perpetual ProtocolPERPHARAM45.6
46AsterASTERHARAM45.3
2314Storm TradeSTORMHARAM45
2291GammaSwapGSHARAM44
92LighterLITHARAM42.7
2100FulcromFULHARAM41.9
642AvantisAVNTHARAM41.9
1343MUX ProtocolMCBHARAM40
2495ContangoTANGOHARAM39.3
1516Pika ProtocolPIKAHARAM37.6
227DeriveDRVHARAM36.9
1281Drift ProtocolDRIFTHARAM36.8
954MYX FinanceMYXHARAM36.3
637MangoMNGOHARAM26.2
1455TradoorTRADOORHARAM22.9

How CryptoUmmah screens Perpetuals 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 41 Perpetuals coins we've screened, the average Shariah compliance score sits at 48.4/100, with 0% classified Halal, 34% Mashbooh, and 66% Haram.