Yes, JasmyCoin is considered halal for Muslim traders and investors with a Shariah compliance score of 74.5/100 based on our scholar-approved methodology.
“Electronic money (e-money) is a permissible payment instrument under Shariah, provided it is structured appropriately.”
— SAC of Bank Negara Malaysia
Minor Riba. Prohibition of guaranteed, time-based returns on money.
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Moderate Gharar (Material Uncertainty). Prohibition of contracts with excessive ambiguity or hidden risk.
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Minor Maysir (Incidental). Prohibition of gambling and pure zero-sum speculation.
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Team transparency, fraud risk, use-case legitimacy and ethics.
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Core protocol business, fees, treasury, governance and token distribution.
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Protocol revenue, financial status, interest exposure and audit quality.
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Token purpose, governance rights, rewards, speculation controls and backing.
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Staking mechanism, Islamic contract classification, rewards and documentation.
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Compare directly: vs MVL · vs IOTA · vs Algorand
Even fully screened assets can pick up small amounts of tainted income along the way — purification means giving that specific portion back, not paying extra.
Based on JasmyCoin's riba, gharar and maysir screening — see how we calculate purification amounts.
Overseen by Imam Omar Siddiqi, Shariah scholar and Imam of JMIC, among others, with donations paid directly to Jamiya Masjid & Islamic Centre — UK registered charity no. 1089986. Sent wallet-to-wallet; CryptoUmmah never custodies your funds. Always verify the destination address before confirming in your wallet.
Your exact purification amount, calculated from JasmyCoin's Shariah compliance score.
to Jamiya Masjid & Islamic Centre, a registered UK charity
Purification isn't Zakat and isn't tax-deductible — it's the return of income that wasn't rightfully yours.
ThanvirFounder, Ex Director S&P Global Energy
Imam Omar SiddiqiShariah ScholarRequest a review for protocol changes, an error on this page, or anything else that looks off.
JasmyCoin is a Layer-1 Blockchain providing blockchain solutions. It addresses key challenges in the cryptocurrency space.
JasmyCoin offers decentralized services with innovative technology and security features.
JasmyCoin is integrated across various blockchain applications and enterprise partnerships.
| Coin | Verdict | Score | Notable difference |
|---|---|---|---|
 MVL MVLSame category: Internet of Things (IOT) | Halal | 72.2 | MVL scores 6.7 points lower in Riba, 4.6 points higher in Maysir and 3.2 points lower in Gharar. Purification: 2.0-2.5% of profits |
 IOTA IOTASame category: Internet of Things (IOT) | Mashbooh | 68.5 | IOTA scores 13.5 points lower in Riba, 2.3 points lower in Maysir and 0.6 points lower in Gharar. Purification: 3.5-5.5% of profits |
 Algorand ALGOSame category: DWF Labs Portfolio | Halal | 83.7 | ALGO scores 14.2 points higher in Gharar, 12.5 points higher in Maysir and 2.3 points higher in Riba. Purification: 0.5-1.0% of profits |
 DigiByte DGBSame category: Internet of Things (IOT) | Halal | 82.7 | DGB scores 11.5 points higher in Maysir, 7.8 points higher in Gharar and 6 points higher in Riba. Purification: 0.5-1.0% of profits |
 Flare FLRSame category: DWF Labs Portfolio | Halal | 81.7 | FLR scores 13.3 points higher in Gharar, 12.4 points higher in Maysir and 2 points lower in Riba. Purification: 0.5-1.0% of profits |
 MultiversX EGLDSame category: DWF Labs Portfolio | Halal | 81.2 | EGLD scores 13.8 points higher in Gharar, 10.9 points higher in Maysir and 2.5 points lower in Riba. Purification: 1.0-1.5% of profits |
 Celo CELOSame category: DWF Labs Portfolio | Halal | 80.1 | CELO scores 9.3 points higher in Gharar, 9.1 points higher in Maysir and 0.2 points lower in Riba. Purification: 1.0-1.5% of profits |
 Toncoin TONSame category: DWF Labs Portfolio | Halal | 80 | TON scores 9.5 points higher in Gharar, 8.7 points higher in Maysir and 0.4 points lower in Riba. Purification: 1.0-1.5% of profits |
Our assessment of JasmyCoin on this principle is summarized below.
Assessment: Minor Riba Score: 85/100
Our methodology examines 10 specific criteria to evaluate how well JasmyCoin avoids interest-based mechanisms.
Our assessment of JasmyCoin on this principle is summarized below.
Assessment: Moderate Gharar (Material Uncertainty) Score: 66.3/100
Our methodology examines 15 specific criteria including team transparency, audit quality, and governance.
Our assessment of JasmyCoin on this principle is summarized below.
Assessment: Minor Maysir (Incidental) Score: 70/100
Our methodology examines 11 specific criteria to determine if JasmyCoin is primarily a gambling instrument or a genuine economic tool.
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Sign up freeJasmyCoin has no native staking mechanism, so there are no staking rewards to assess for Shariah compliance. This screening therefore excludes staking from JasmyCoin's overall rating.
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Sign up freeOverall Shariah Compliance: 74.5/100
Halal (Light Purification)
In our screening, JasmyCoin scores 74.5/100 overall — Riba 85/100, Gharar 66.3/100, Maysir 70/100.
Recommended Purification: 1.5-2.0% of profits
Action Steps:
Disclaimer: This analysis is current as of July 2026. Always verify current status and consult scholars.
Last Updated: July 11, 2026
Our 27-point methodology evaluates JasmyCoin across five dimensions:
| Criterion | Score | Detailed Analysis |
|---|---|---|
| Team Transparency | 70/100 | Analysis unavailable for this criterion; refer to the dimension summary. |
| Fraud & Scam Risk | 70/100 | Analysis unavailable for this criterion; refer to the dimension summary. |
| Use Case Legitimacy | 65/100 | Analysis unavailable for this criterion; refer to the dimension summary. |
| Ethical Practices | 70/100 | Analysis unavailable for this criterion; refer to the dimension summary. |
Legitimacy Summary: See the criterion analysis above.
| Criterion | Score | Detailed Analysis |
|---|---|---|
| Core Protocol Business | 75/100 | Analysis unavailable for this criterion; refer to the dimension summary. |
| Transaction Fees | 75/100 | Analysis unavailable for this criterion; refer to the dimension summary. |
| Treasury Assets | 75/100 | Analysis unavailable for this criterion; refer to the dimension summary. |
| Revenue Model | 75/100 | Analysis unavailable for this criterion; refer to the dimension summary. |
| Transparency | 70/100 | Analysis unavailable for this criterion; refer to the dimension summary. |
| Governance | 70/100 | Analysis unavailable for this criterion; refer to the dimension summary. |
| Launch Fairness | 70/100 | Analysis unavailable for this criterion; refer to the dimension summary. |
| Token Distribution | 70/100 | Analysis unavailable for this criterion; refer to the dimension summary. |
| Speculation/Utility Ratio | 65/100 | Analysis unavailable for this criterion; refer to the dimension summary. |
Operations Summary: See the criterion analysis above.
| Criterion | Score | Detailed Analysis |
|---|---|---|
| Protocol Revenue | 75/100 | Analysis unavailable for this criterion; refer to the dimension summary. |
| Financial Status | 70/100 | Analysis unavailable for this criterion; refer to the dimension summary. |
| Interest Assessment | 75/100 | Analysis unavailable for this criterion; refer to the dimension summary. |
| Audit Quality | 50/100 | Analysis unavailable for this criterion; refer to the dimension summary. |
Financial Summary: See the criterion analysis above.
| Criterion | Score | Detailed Analysis |
|---|---|---|
| Token Purpose | 65/100 | Analysis unavailable for this criterion; refer to the dimension summary. |
| Governance Rights | 50/100 | Analysis unavailable for this criterion; refer to the dimension summary. |
| Rewards Distribution | 70/100 | Analysis unavailable for this criterion; refer to the dimension summary. |
| Speculation Controls | 50/100 | Analysis unavailable for this criterion; refer to the dimension summary. |
| Asset Backing | 70/100 | Analysis unavailable for this criterion; refer to the dimension summary. |
Tokenomics Summary: See the criterion analysis above.
Overall Assessment:
JasmyCoin presents a mixed Shariah profile; review each dimension above and consult a qualified scholar for your situation.
JasmyCoin scores 74.5/100 with verdict HALAL.
JasmyCoin scores 74.5/100 with verdict HALAL.
JasmyCoin scores 74.5/100 with verdict HALAL.
JasmyCoin scores 74.5/100 with verdict HALAL.
JasmyCoin scores 74.5/100 with verdict HALAL.