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 Quantoz USDQ'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.

Mashbooh · Doubtful · Risky

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

Your realized profit on USDQ (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 Quantoz USDQ involve interest?

Quantoz USDQ itself carries no lending or borrowing feature, so it is not directly structured as a riba contract. However, its disclosed reserve composition includes AAA government bonds, which are interest-bearing sovereign debt instruments. For Muslim investors this reserve detail, rather than the token's payment function, is the primary riba-adjacent concern warranting caution.

Assessment: Moderate Riba Score: 52.9/100

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

Quantoz's own revenue model is not explicitly detailed in available disclosures, but the reserves backing USDQ are held across Tier 1 A+ banks and AAA government bonds inside the bankruptcy-remote Stichting Quantoz. Government bonds are, by design, interest-bearing instruments, meaning the issuer likely earns yield on a portion of the collateral pool even though this is not stated outright. This is a structural riba exposure embedded in the backing assets rather than in USDQ's use-case, but it is real and should not be dismissed by investors seeking a fully riba-free store of value.

At the base protocol level, Quantoz does not operate a lending or borrowing business around USDQ; it is solely an issuer and redeemer of a 1:1 pegged token. Third-party platforms such as Folks Finance on Algorand allow users to deposit USDQ for yield or use it as collateral for borrowing, but this is an external DeFi layer, not a feature designed or operated by Quantoz itself. Such third-party interest-based usage does not by itself render the underlying token impermissible, though observant users should avoid interest-bearing applications built atop it.

Gharar — How much uncertainty does Quantoz USDQ involve?

Gharar in USDQ is relatively low given a named, licensed, well-documented issuer, but is raised by the absence of a verifiable audit report. On balance the structural transparency is strong while the audit gap is a genuine, specific weakness. Investors should weigh regulatory credibility against this missing verification.

Assessment: Moderate Gharar (Material Uncertainty) Score: 66.5/100

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

Quantoz Payments B.V. is a fully identifiable Dutch entity: CEO Arnoud Star Busmann, co-founders Gaston Hendriks and Nicholas Eastham, and named engineering leadership are all publicly documented. The firm is licensed as an Electronic Money Institution by the Dutch Central Bank, is a direct Visa principal member, and is backed by known investors including Tether, Kraken, and Fabric Ventures. Whitepapers, terms of use, and API documentation are publicly available. This level of named accountability and regulatory oversight substantially reduces the informational uncertainty typically associated with anonymous crypto projects.

The USDQ whitepaper states that "independent audits have validated the security" of its smart contracts and that Quantoz "conducts regular security audits," yet no specific audit firm, date, or public report is named anywhere in available documentation. This is a plain and notable gap: an unverified audit claim is functionally equivalent to an absent audit for due-diligence purposes, and should be treated as a genuine gharar concern. Reserve safeguarding structure and redemption terms are otherwise clearly disclosed, but the lack of a named, checkable smart-contract audit remains an open risk investors should factor into their own diligence.

Maysir — Does Quantoz USDQ involve gambling or speculation?

USDQ is a par-redeemable, USD-pegged stablecoin with no lottery, wagering, or leveraged-derivative design, so it does not itself constitute a gambling instrument. Its explicit anti-speculation mechanism — the 1:1 peg and on-demand redemption — works against price-based speculation by design. The overall maysir profile is low relative to volatile or reward-driven tokens.

Assessment: Minor Maysir (Incidental) Score: 75/100

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

USDQ serves a genuine payments and settlement function: it is used across 70+ exchanges, has processed over $9 billion in cumulative volume, and Quantoz operates as a direct Visa principal member, positioning USDQ for real merchant and institutional payment rails. Its peg-and-redemption design deliberately removes the price-appreciation incentive that drives speculative trading in most crypto assets. This productive, utility-first design — moving and settling value rather than betting on volatility — clearly distinguishes USDQ from gambling-style instruments.

Because USDQ is designed to hold stable value, it holds little appeal for speculative day-trading compared to volatile tokens, and its adoption pattern (exchange listings, Visa integration, institutional volume) reflects genuine payment usage rather than casino-style demand. Some holders may still use it as parking collateral for leveraged positions on third-party DeFi platforms like Folks Finance, but this reflects downstream user behavior, not a feature of USDQ's own design, and such potential misuse should not be read as evidence of the token's own impermissibility.

The Full 27-Point Screening

1. Legitimacy (4 criteria)

Criterion	Score	Analysis
Team Transparency	85/100	Founders and CEO are named, credentialed, and publicly traceable via LinkedIn and company records.
Fraud & Scam Risk	80/100	The issuer is DNB-licensed and MiCA-compliant with institutional backers, and no fraud or rug-pull indicators were found in these sources.
Use Case Legitimacy	90/100	USDQ serves a clear real-world payments/settlement use case as a regulated stablecoin.
Ethical Practices	90/100	The coin's own design is a payment instrument, not built for any haram sector.

Summary: Quantoz USDQ is issued by a named, DNB-licensed, institutionally backed team with no fraud or regulatory action found against it in these sources.

2. Project Operations (9 criteria)

Criterion	Score	Analysis
Core Protocol Business	90/100	The core business is regulated e-money issuance for payments, not a prohibited sector.
Transaction Fees	55/100 (low evidence)	Sources do not describe how transaction fees are handled at the USDQ protocol level, only that network gas fees apply at the underlying chain.
Treasury Assets	30/100	Reserves backing USDQ explicitly include AAA government bonds, which are interest-bearing instruments.
Revenue Model	35/100	Revenue is not detailed, but reserve composition including interest-bearing bonds implies a possible interest-linked income source.
Transparency	85/100	Public whitepapers, regulatory filings, and documentation are readily available.
Governance	25/100	Governance is fully centralised in a single licensed issuer with no holder governance described.
Launch Fairness	75/100	Tokens are minted/redeemed on demand rather than through a speculative pre-sale, though no explicit "fair launch" statement was found.
Token Distribution	60/100	Supply figures are available, but no breakdown of holder concentration or insider allocation was found.
Speculation/Utility Ratio	90/100	As a 1:1 pegged stablecoin, its design and use are utility-dominant with minimal speculative element.

Summary: USDQ is a centrally issued, on-demand minted MiCA-compliant stablecoin with transparent documentation but no decentralised governance.

3. Financial Health (4 criteria)

Criterion	Score	Analysis
Protocol Revenue	35/100	No explicit riba-based revenue is claimed, but interest-bearing reserve assets raise a related concern.
Financial Status	85/100	Trading volume, exchange listings, and reserve disclosures indicate a stable, transparent financial position.
Interest Assessment	80/100	The base protocol itself does not lend or borrow; any yield/borrowing occurs only via named third-party DeFi platforms.
Audit Quality	25/100	The whitepaper vaguely claims "independent audits" without naming any specific firm, date, or public report.

Summary: USDQ shows strong market traction and reserve transparency, but its backing includes interest-bearing government bonds and no specific named audit firm could be found.

4. Token Economics (5 criteria)

Criterion	Score	Analysis
Token Purpose	90/100	USDQ is a genuine utility token designed for payments, not a meme token.
Governance Rights	N/A	USDQ carries no governance rights by design, which is neutral for a single-issuer payment instrument.
Rewards Distribution	N/A	USDQ has no native reward mechanism of its own; any yield comes solely from third-party applications.
Speculation Controls	85/100	The peg-and-redemption design inherently limits speculative price behaviour.
Asset Backing	45/100	Backing is asset-based and disclosed, but partly composed of interest-bearing government bonds, a point of concern.

Summary: USDQ is a genuine utility payment token with no governance rights or native yield, pegged and redeemable at par to limit speculation, though its reserve backing carries an interest-related caveat.

5. Staking Mechanism

Quantoz USDQ 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: USDQ is a legitimate, regulated, transparent stablecoin project whose main Shariah-relevant concern is the presence of interest-bearing bonds within its reserve backing and the absence of a clearly named audit.

Is Quantoz USDQ halal?

RibaSharia pillar · 52.9/100 · Review · 10 criteria

GhararSharia pillar · 66.5/100 · Review · 15 criteria

MaysirSharia pillar · 75/100 · Compliant · 11 criteria

LegitimacyDiligence dimension · 86.3/100 · Compliant · 4 criteria

ProjectDiligence dimension · 60.6/100 · Review · 9 criteria

FinancialDiligence dimension · 56.3/100 · Review · 4 criteria

TokenomicsDiligence dimension · 64/100 · Review · 5 criteria

StakingDiligence dimension · 50/100 · Review · 5 criteria

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

27-point Shariah breakdown of USDQ