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 Macropod'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.

Halal · Recommended with Purification

Your exact purification amount, calculated from Macropod's Shariah compliance score.

Your realized profit on AUDM (USD) — profit only, not principal

Amount to return0.00 USDC

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.

Scholar-verified · UK registered charity

Key facts

Chain	Ethereum
Last reviewed	17 Jul 2026

Written by ThanvirFounder, Ex Director S&P Global Energy

Reviewed by Imam Omar SiddiqiShariah Scholar

Islamic Finance Principles Assessment

Riba — Does Macropod involve interest?

Macropod does not embed interest into AUDM's mechanics — there is no lending, borrowing, or fixed yield paid to holders by the protocol itself. The unresolved question is what the AUD reserves backing the token are held in, since undisclosed reserve composition could theoretically include interest-bearing instruments. On balance, AUDM's own structure is riba-free, though disclosure gaps warrant a light purification treatment.

Assessment: Moderate Riba Score: 63.1/100

Our methodology examines 10 criteria to evaluate how well Macropod avoids interest-based mechanisms.

Macropod's revenue model is not explicitly disclosed in available sources, and neither is the precise composition of the AUD reserves backing AUDM beyond the claim of being "fully backed." Many regulated fiat stablecoin issuers earn revenue from interest on reserve holdings (cash, government securities, bank deposits), which would constitute riba-tainted income at the issuer level even though token holders receive no interest themselves. Without a published reserve breakdown or attestation detailing instrument types, it cannot be confirmed whether Macropod's treasury income is interest-free, warranting a cautious, light-purification stance pending clearer disclosure from the issuer.

AUDM's core function is payments, FX/cross-border settlement, tokenised real-world-asset infrastructure, and treasury use, minted and redeemed 1:1 against AUD deposits rather than sold through a token sale. The protocol itself does not offer native lending or borrowing; any credit or yield-generating activity occurs in third-party DeFi applications that merely use AUDM as collateral or a settlement currency, and these are explicitly distinguished from Macropod's own infrastructure. This separation means AUDM's issuer-level business model is settlement and licensing-based rather than interest-margin-based, consistent with a non-riba core design.

Gharar — How much uncertainty does Macropod involve?

Our assessment of Macropod on this principle is set out below.

Assessment: Minor Gharar (Mostly Clear) Score: 72.2/100

Our methodology examines 15 criteria including team transparency, audit quality, and governance.

Transparency here is a clear strength. The founding team — Drew Bradford, Robert Waugh, and Delia Burrage — are named with verifiable professional histories in derivatives, trading, and law, and additional board members with digital-asset track records have joined publicly. The project holds Australia's first ASIC-issued stablecoin AFSL and has participated openly in RBA-linked pilots, giving strong regulatory and reputational accountability. This is far from an anonymous or opaque team; named leadership, licensing disclosure, and institutional partnerships substantially reduce information asymmetry for prospective users and investors.

AUDM's smart contracts are stated to be audited by OpenZeppelin, a recognized security firm, with custody secured through Fireblocks infrastructure — a meaningful baseline of assurance. However, no audit report date, scope, or findings summary is available in current sources, so the depth and currency of that audit cannot be independently verified. Similarly, the exact composition of AUD reserves is undisclosed. These are real gharar concerns worth naming plainly: partial audit disclosure and reserve-composition opacity, even absent any evidence of malpractice, leave residual uncertainty that a fully transparent attestation regime would resolve.

Maysir — Does Macropod involve gambling or speculation?

AUDM shows no gambling or speculative design; as a 1:1 AUD-redeemable stablecoin, its price stability is itself an anti-speculation mechanism. Its stated use cases are payments, settlement, and tokenisation infrastructure rather than trading upside. For Muslim users, AUDM's function resembles a digital cash instrument rather than a speculative asset.

Assessment: Minor Maysir (Incidental) Score: 78.8/100

Our methodology examines 11 criteria to determine whether Macropod is a gambling instrument or a genuine economic tool.

Macropod positions AUDM as programmable money for real economic functions: payments, cross-border settlement, treasury operations, and real-world-asset tokenisation, validated through live RBA/Digital Finance CRC pilots and institutional listing on OKX Australia. This productive, utility-first design — mint and redeem on demand against actual AUD deposits — stands in clear contrast to instruments engineered primarily for price speculation. A stable, redeemable settlement token used in genuine financial infrastructure is functionally closer to a payment rail than to a speculative wager, supporting a favorable maysir assessment.

Because AUDM is pegged 1:1 to the Australian dollar, there is little inherent incentive for speculative price trading in the way seen with volatile or meme-driven tokens; its value proposition is stability and utility, not appreciation. Secondary-market activity, where it exists, functions as liquidity provision for payments and settlement rather than speculative wagering. Any misuse of AUDM by third parties for gambling-adjacent trading elsewhere would not reflect the token's own design or intended purpose, and such misuse should not be treated as determinative of AUDM's Shariah standing.

The Full 27-Point Screening

1. Legitimacy (4 criteria)

Criterion	Score	Analysis
Team Transparency	88/100	Founders are publicly named with verifiable banking and regulatory credentials and a traceable company history.
Fraud & Scam Risk	82/100	The project holds a genuine ASIC licence and shows no fraud, hack, or rug-pull indicators in the sources.
Use Case Legitimacy	90/100	AUDM has clear, disclosed real-world use in payments, settlement, and tokenised markets pilots.
Ethical Practices	80/100	The coin's own design is a regulated payment/settlement stablecoin; third-party DeFi lending built on top is noted but does not determine its own ruling.

Summary: Macropod is led by a publicly named, credentialed team of former bankers who obtained Australia's first regulated stablecoin licence, with no fraud or hack indicators found in the sources.

2. Project Operations (9 criteria)

Criterion	Score	Analysis
Core Protocol Business	90/100	The base protocol's business is fiat-currency stablecoin issuance and settlement, not a prohibited sector.
Transaction Fees	40/100 (low evidence)	The sources give no detail on how (or whether) transaction fees are burned, retained, or distributed.
Treasury Assets	40/100	Reserves are said to fully back AUDM but their exact composition, including any interest-bearing instruments, is not disclosed.
Revenue Model	40/100 (low evidence)	No source states Macropod's actual revenue model or how it monetises reserves or operations.
Transparency	50/100	A dedicated transparency page exists but its substantive content was not captured in these sources.
Governance	30/100	AUDM is issued and controlled solely by Macropod as the licensed issuer, a clearly centralised structure.
Launch Fairness	72/100	AUDM appears to be minted/redeemed on demand against AUD deposits rather than sold via a speculative token launch, though this is not explicitly confirmed as "fair launch."
Token Distribution	68/100	As an elastic mint/redeem stablecoin there is no described team/investor pre-allocation, but explicit distribution data is absent.
Speculation/Utility Ratio	90/100	AUDM's design and stated use cases are utility-dominant (payments, settlement, tokenisation) rather than speculative.

Summary: AUDM is a fully-backed, redeemable Australian-dollar stablecoin used for payments and tokenised-market settlement, issued and governed centrally by Macropod under an Australian financial licence.

3. Financial Health (4 criteria)

Criterion	Score	Analysis
Protocol Revenue	40/100 (low evidence)	The specific sources of protocol revenue, and whether any derive from interest, are not disclosed.
Financial Status	78/100	Regulatory licensing, exchange listings, and documented production pilots indicate reasonably stable standing.
Interest Assessment	85/100	The base protocol itself provides only issuance/settlement; lending and borrowing are third-party dApp functions, not native to AUDM.
Audit Quality	68/100	Contracts are stated to be audited by OpenZeppelin with Fireblocks key management, though report dates and findings are not provided.

Summary: AUDM shows real-world adoption through exchange listings and regulatory pilots, has a named smart-contract auditor, but its revenue model and reserve composition are not detailed in the sources.

4. Token Economics (5 criteria)

Criterion	Score	Analysis
Token Purpose	90/100	AUDM serves a genuine payment/settlement utility function rather than functioning as a meme token.
Governance Rights	N/A	No governance rights for AUDM holders are mentioned, which is a neutral feature for a fiat-pegged settlement token rather than a defect.
Rewards Distribution	82/100	No native yield or fixed reward is paid by the protocol to holders, avoiding an interest-like reward structure.
Speculation Controls	N/A	AUDM is an inherently stable, 1:1 redeemable AUD-pegged instrument, so speculation-control mechanisms are less applicable by design.
Asset Backing	88/100	AUDM is explicitly described as fully backed and redeemable against AUD reserves.

Summary: AUDM functions as a stable, utility-purpose payment token with no disclosed holder governance rights and no native yield paid by the protocol itself.

5. Staking Mechanism

Macropod has no native staking mechanism, so these five criteria are not applicable and are excluded from the score entirely rather than counted as zeros.

Overall Assessment: AUDM presents as a legitimate, regulator-backed AUD stablecoin with a transparent team and clear utility, though several operational and financial disclosures — fee handling, reserve composition, and revenue sources — remain unconfirmed in the available sources.

Is Macropod halal?

RibaSharia pillar · 63.1/100 · Review · 10 criteria

GhararSharia pillar · 72.2/100 · Compliant · 15 criteria

MaysirSharia pillar · 78.8/100 · Compliant · 11 criteria

LegitimacyDiligence dimension · 85/100 · Compliant · 4 criteria

ProjectDiligence dimension · 57.8/100 · Review · 9 criteria

FinancialDiligence dimension · 67.8/100 · Review · 4 criteria

TokenomicsDiligence dimension · 72/100 · Compliant · 5 criteria

StakingDiligence dimension · 50/100 · Review · 5 criteria

A portion of profit from AUDM isn't fully yours to keep — here's how to return it

27-point Shariah breakdown of AUDM