RARI RARI
Rank #2411NFTEthereum EcosystemNFT Marketplace
Mashbooh · Doubtful · Risky
Quick Answer

Is RARI halal?

RARI is classified as doubtful (mashbooh), with a Shariah compliance score of 63.5/100 under our 27-point screening methodology.

Overall63.5Mashbooh · Doubtful · Risky
Riba66Mashbooh
Gharar60.7Mashbooh
Maysir63.6Mashbooh
Full reportMethodology
63.566RIBA60.7GHARAR63.6MAYSIR
Shariah screening · tap a sub-dial
Project diligence tap a tile →
Moderate RibaModerate Gharar (Material Uncertainty)Moderate Maysir (High Risk)

GhararSharia pillar · 60.7/100 · Review · 15 criteria

Mashbooh. Prohibition of contracts with excessive ambiguity or hidden risk.

Sign in free to see which criteria these scores belong to.

Team Transparency & Credibility60
Ethical Practices85
Transparency75
Governance70
Launch Fairness60
Token Distribution60
Speculation / Utility Ratio55
Financial Status45
Audit Quality30
Governance Rights80
Rewards Distribution70
Asset Backing45
Mechanism Type65
Documentation70
Shariah Alignment40
How RARI compares
★ RARI (RARI)
63.5
TRUF.Network
60.2
Aavegotchi
54.7
Mythos
53.8
Synthetix
52.4

Compare directly: vs Aavegotchi · vs Synthetix · vs TRUF.Network

Purify your profits from RARI

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

What does "purification" mean?

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 RARI'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 RARI's Shariah compliance score.

$
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
ChainEthereum
Last reviewed
ThanvirWritten by ThanvirFounder, Ex Director S&P Global EnergyImam Omar SiddiqiReviewed by Imam Omar SiddiqiShariah Scholar
Analyst summary

RARI powers the Rarible Protocol and RARI Chain, an Arbitrum Layer-3 network embedding NFT creator royalties at the sequencer level, with governance and staking handled via veRARI/stRARI delegation. Rewards derive from a treasury-funded phased-APR program and marketplace fee buybacks, not fixed interest. No named, reputable audit firm (e.g. Halborn, Trail of Bits) could be confirmed for RARI Chain or Rarible Protocol contracts — only an unnamed forum-hosted security review exists. Combined with thin daily trading volume and a distinct but confusingly similarly-named SEC-charged predecessor (Rari Capital), the biggest Shariah consideration is verification and market gharar rather than riba.

The research

27-point Shariah breakdown of RARI

Islamic Finance Principles Assessment

Riba — Does RARI involve interest?

RARI's design does not center on interest-based lending or borrowing; the Rarible Protocol and RARI Chain generate revenue from marketplace transaction fees and brand licensing rather than interest income. Reward distribution to stakers is funded from treasury allocations and fee-sharing buybacks rather than a guaranteed interest rate. For Muslim investors, RARI's core revenue and reward architecture appears largely free of direct riba, though the variable nature of returns still warrants scrutiny of underlying fee sources.

Assessment: Moderate Riba Score: 66/100

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

RARI's revenue comes from transaction fees charged across the roughly 3,000 marketplaces built on Rarible Protocol, plus licensing deals with brands such as Mattel and McFarlane Toys. These fees are routed into RARI buybacks and distributed to active traders and stakers, a fee-sharing structure rather than an interest-bearing instrument. The DAO treasury holds native RARI tokens (roughly 4.67 million, valued near $7.19 million) used to fund incentive programs; there is no disclosed allocation of treasury funds into interest-bearing bank deposits, bonds, or lending pools. This fee-and-royalty-based model is structurally closer to permissible trade-based income than to riba-based finance.

Staking on RARI operates through non-custodial delegation: holders lock tokens into veRARI (Ethereum) or the newer liquid, auto-compounding stRARI (RARI Chain) to back active governance participants and earn a share of rewards. Season 1 rewards were funded from a fixed 60,000 RARI treasury pool targeting phased APRs of 25 percent, 15 percent, and 10 percent, later realizing roughly 56 percent annualized, with a stated intent to shift funding toward organic protocol fees over time. Because payouts are variable, treasury- and fee-derived, and tied to active participation rather than a predetermined interest rate on a loan, this reward structure resembles profit-sharing more than riba, though the treasury-subsidized phase deserves ongoing monitoring.

Gharar — How much uncertainty does RARI involve?

RARI carries a moderate degree of uncertainty, stemming primarily from unclear audit provenance and thin market liquidity rather than from opaque team identity. Named founders, public documentation, and disclosed on-chain metrics reduce ambiguity, while the absence of a confirmed reputable audit firm and confusion with an unrelated, SEC-charged similarly-named project add real gharar. On balance, informational uncertainty here is manageable but should not be dismissed.

Assessment: Moderate Gharar (Material Uncertainty) Score: 60.7/100

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

Rarible/RARI Foundation names identifiable team members, including co-founder Alexander Salnikov, whose profile is verifiable on LinkedIn, and additional staff such as Lara Curran and Leen Al-Taher, disclosed through official foundation blog content. RARI Chain launched publicly in January 2025 with disclosed mainnet activity, wallet counts, and transaction volumes. Documentation is maintained on GitHub and docs.

Maysir — Does RARI involve gambling or speculation?

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

Assessment: Moderate Maysir (High Risk) Score: 63.6/100

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

The Full 27-Point Screening

1. Legitimacy (4 criteria)

CriterionScoreAnalysis
Team Transparency60/100A co-founder (Alexander Salnikov) and several other team members are named with verifiable profiles, though not all founders/credentials are fully documented in these sources.
Fraud & Scam Risk65/100No fraud, hack, or rug-pull allegations against Rarible's RARI itself appear in the sources; an unrelated SEC case concerns a differently-founded, similarly-named project.
Use Case Legitimacy80/100Sources describe concrete NFT-infrastructure utility, thousands of marketplaces built on the protocol, and brand partnerships.
Ethical Practices85/100The protocol's own design is NFT marketplace/royalty infrastructure, not built for a prohibited sector; any third-party misuse of an NFT platform would not change this.

Summary: RARI/Rarible has a named, traceable co-founder and team with real product history, and the SEC action found in these sources concerns a separate, similarly-named project rather than Rarible itself.

2. Project Operations (9 criteria)

CriterionScoreAnalysis
Core Protocol Business85/100Core business is NFT indexing, marketplace infrastructure, and a royalty-enforcing L3 chain, none of which is a prohibited sector.
Transaction Fees75/100Trading fees are recycled into token buybacks and distributed to active traders rather than extracted as interest-like charges.
Treasury Assets65/100Treasury is disclosed as holding native RARI tokens; no interest-bearing instruments are mentioned, but treasury composition beyond that is not detailed.
Revenue Model80/100Revenue comes from marketplace fees and brand licensing, not interest-based lending.
Transparency75/100On-chain DAO governance, public constitution, forum proposals and developer docs are all disclosed.
Governance70/100Governance is on-chain via RRC proposals and delegated voting, though the Foundation retains an administrative "board" role.
Launch Fairness60/100Launch combined liquidity mining and an airdrop with a meaningful 30% team/investor allocation under vesting, which is fairer than a pure insider mint but not a purely fair launch.
Token Distribution60/100Distribution spread broadly across marketplace users and NFT holders, though a notable share went to team and investors.
Speculation/Utility Ratio55/100Sources document real governance/staking utility, but current low trading volume and price suggest speculative trading still plays a large role.

Summary: The base protocol is genuine NFT marketplace and royalty infrastructure with disclosed on-chain governance and a fee-recycling revenue model, though team/investor allocations moderate the fairness of the original launch.

3. Financial Health (4 criteria)

CriterionScoreAnalysis
Protocol Revenue80/100Revenue sources (fees, licensing) are not interest-based.
Financial Status45/100Specific price and volume data show a thin, low-liquidity market, indicating limited financial stability despite transparent reporting.
Interest Assessment85/100The base Rarible/RARI Chain protocol is NFT infrastructure with no described lending or borrowing function at the protocol level.
Audit Quality30/100An unnamed audit of a "Rari Bridged Token" found and fixed issues, but no named, reputable audit firm could be confirmed for the core Rarible/RARI Chain contracts.

Summary: Revenue is fee- and licensing-based rather than interest-based, but the market shows thin liquidity and no confirmed named-firm audit of the core protocol contracts was found.

4. Token Economics (5 criteria)

CriterionScoreAnalysis
Token Purpose75/100RARI is used for governance and staking, giving it genuine utility beyond speculation.
Governance Rights80/100Holders have clear on-chain voting and delegation rights documented in the DAO constitution.
Rewards Distribution70/100Staking rewards are variable, targeted-APR based, and tied to treasury/fee funding rather than a fixed guaranteed rate.
Speculation Controls50/100Vesting schedules for team/investor tokens provide some anti-speculation structure, but no broader anti-speculation mechanism is described.
Asset Backing45/100The token is not backed by hard assets; its value rests on governance rights and fee-buyback mechanics rather than collateral.

Summary: RARI carries real governance and staking utility with variable, treasury/fee-funded rewards, though it lacks hard-asset backing and has only partial anti-speculation controls.

5. Staking Mechanism (5 criteria)

CriterionScoreAnalysis
Mechanism Type65/100Staking is delegation-based and non-custodial, using a liquid, restakeable stRARI token, though full lock-up terms are not detailed.
Islamic Contract Classification35/100Reward funding blends treasury allocation/inflation-like mechanisms with future fee-sharing, making clean classification under a single Islamic contract type unclear from the sources.
Rewards Structure40/100Rewards were structured around fixed target APRs per phase, which leans toward a guaranteed-return profile even though realized returns varied.
Documentation70/100Staking mechanics, funding sources and performance are documented in detailed DAO forum reports.
Shariah Alignment40/100The mix of treasury-funded fixed-target rewards and future fee-based rewards leaves a core Shariah question about guaranteed-return characteristics unresolved in the sources.

Summary: A non-custodial, liquid delegation-staking system exists with documented but partly fixed-target reward rates, leaving its precise Islamic contract classification unresolved.

Overall Assessment: RARI appears to be a genuine utility-driven NFT infrastructure token with reasonably transparent governance and revenue mechanics, but gaps in audit confirmation and staking-reward classification leave some compliance questions open rather than resolved.

Sources consulted