Quick Answer

Is STASIS EURO halal?

Name: STASIS EURO (EURS) Shariah Compliance Screening
Item: STASIS EURO
Rating: 79.3
Author: Crypto Ummah

Yes. STASIS EURO is considered halal for Muslim investors, with a Shariah compliance score of 79.3/100 under our 27-point screening methodology.

Overall79.3Halal · Recommended with Purification

Riba85.7Halal

Gharar71.5Halal

Maysir80Halal

Full report Methodology

Shariah screening · tap a sub-dial

Project diligence tap a tile →

Minor Riba Minor Gharar (Mostly Clear)Minor Maysir (Incidental)

GhararSharia pillar · 71.5/100 · Compliant · 15 criteria

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

Team Transparency & Credibility85

Ethical Practices80

Transparency85

Governance25

Launch Fairness55

Token Distribution55

Speculation / Utility Ratio90

Financial Status75

Audit Quality75

Governance Rights100

Rewards Distribution100

Asset Backing90

Mechanism Type0

Documentation0

Shariah Alignment0

How EURS compares

★ STASIS EURO (EURS)

79.3

Monerium EUR emoney [OLD]

Compare directly: vs AllUnity EUR · vs Monerium EUR emoney [OLD] · vs XSGD

Purify your profits from EURS

A portion of profit from EURS 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 STASIS EURO'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 STASIS EURO's Shariah compliance score.

Your realized profit on EURS (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 STASIS EURO involve interest?

Stasis Euro itself pays no yield to holders — it is a plain redemption claim on euros, not an interest-bearing instrument. The concern is upstream: the issuer's revenue model and its cash reserves sitting in conventional banks. On balance, EURS avoids riba at the token level, though the treasury's banking relationships warrant a light purification allocation for any incidental interest accrued on reserves.

Assessment: Minor Riba Score: 85.7/100

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

STASIS earns its revenue from fiat-to-token conversion fees (0.1%–0.25%), not from lending spreads or interest arbitrage — a structurally cleaner model than yield-bearing stablecoins. However, the euro reserves backing EURS are held in cash accounts at BankFrick and verified by BDO; conventional bank deposits of this kind ordinarily generate interest for the depositor. Nothing in available disclosures confirms these are segregated into non-interest, wa'ad, or Shariah-compliant custody accounts, so a portion of treasury income may derive from interest the company is unlikely to explicitly disclose or exclude.

The core business is custodial issuance and redemption, not lending or borrowing. STASIS itself does not extend credit, offer margin, or promise yield on EURS holdings — sources confirm there is no native staking or interest mechanism built into the token. Third-party venues such as Aave, Wirex and YouHodler let users lend EURS for interest, but these are external dApps layered on top of the token, not features of STASIS's own protocol or revenue model, and their existence does not implicate the coin's own design.

Gharar — How much uncertainty does STASIS EURO involve?

Uncertainty around EURS is comparatively low: leadership is named, the entity is registered in Malta, and reserves are independently attested. Some ambiguity remains around audit recency and the ~77m unburned redeemed-token surplus reported in treasury. Overall, EURS carries manageable, disclosed gharar rather than structural opacity.

Assessment: Minor Gharar (Mostly Clear) Score: 71.5/100

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

STASIS's leadership — CEO Gregory Klumov, CTO Anatoliy Knyazev, CFO Vyacheslav Kim, CLO Konstantin Orlov — is publicly named with verifiable professional backgrounds, and the issuing entity STSS (Malta) Limited is a registered, regulator-facing company claiming MiCA alignment. Contracts are open-source. This is a materially more transparent structure than anonymous-team tokens, and the six-year operating history with €5.5bn+ in reported transfers and no disclosed hacks or loss events further reduces informational uncertainty for prospective holders.

CoinFabrik audited the original SETToken.sol suite at launch, and CertiK performed a static/manual review in 2021 reporting zero critical, major or medium findings. No more recent independent audit of the current contract set was found in available sources, which is a gharar concern worth naming plainly for a token still actively deployed across five-plus chains. Reserve verification, by contrast, is frequent and Big Four-attested, giving reasonable — though not fully current from a code-security standpoint — assurance.

Maysir — Does STASIS EURO involve gambling or speculation?

EURS is not designed for speculation: it is a par-issued, par-redeemed euro claim intended to hold a stable value rather than generate trading gains. Its use case is payments and settlement, not wagering on price movement. The instrument itself carries essentially no maysir characteristics.

Assessment: Minor Maysir (Incidental) Score: 80/100

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

EURS functions as a euro-denominated settlement rail, used for cross-border transfers, treasury management and as a non-USD trading pair across 175 countries and 250,000+ reported bank transfers. Its 1:1 peg-and-redemption mechanism is explicitly an anti-speculation control: value is anchored to reserves rather than market sentiment, and holders gain nothing from price appreciation because there is none by design. This directly distinguishes EURS from speculative or reward-seeking tokens and aligns its function with real economic utility.

Circulating supply has fallen from a peak of €124m to roughly €7.36m, indicating EURS is now a niche liquidity and settlement tool rather than a heavily traded asset, which if anything reduces exposure to secondary-market speculative churn. Any speculative behavior around EURS occurs off-protocol — e.g., using it as a stable leg in leveraged trades on external exchanges — and reflects user choice rather than the coin's own design, which remains a stable, redemption-backed instrument built for productive payment use rather than gambling-like price exposure.

The Full 27-Point Screening

1. Legitimacy (4 criteria)

Criterion	Score	Analysis
Team Transparency	85/100	Team members are named with verifiable professional/educational backgrounds and a registered Malta corporate entity.
Fraud & Scam Risk	80/100	No fraud, hack or rug-pull indicators tied to STASIS were found; sources describe a multi-year record with zero reported security losses.
Use Case Legitimacy	90/100	Clear real-world use as a payments, remittance and DeFi-liquidity euro stablecoin is documented.
Ethical Practices	80/100	The coin's own design is a neutral payment/settlement instrument; some marketed third-party use cases include leverage trading, which per the stated judgment principle does not itself lower this score.

Summary: STASIS is run by a named, credentialed team operating a registered Malta entity with a multi-year operating history and no reported fraud or hack incidents in the sources reviewed.

2. Project Operations (9 criteria)

Criterion	Score	Analysis
Core Protocol Business	90/100	The base protocol is a fiat-euro-pegged stablecoin, not operating in a prohibited sector.
Transaction Fees	85/100	Fees are service-based conversion fees, not interest, and the on-chain transfer fee was reduced to zero.
Treasury Assets	75/100	The issuer claims a 100% liquid cash-euro reserve policy even in favorable interest-rate environments, but the exact instrument mix is not fully itemized.
Revenue Model	85/100	Revenue is generated from conversion fees rather than interest-based lending.
Transparency	85/100	Contracts are open-source and audited, and reserve reporting is published on a recurring schedule.
Governance	25/100	Governance is explicitly centralized, with the company controlling token and treasury contracts via multi-sig rather than decentralized voting.
Launch Fairness	55/100	No evidence of an insider presale or unfair allocation was found, but the deposit-driven minting model is not documented in fairness terms.
Token Distribution	55/100	No team/investor token-allocation or vesting data specific to EURS could be located in these sources.
Speculation/Utility Ratio	90/100	The token is utility-dominant, designed for payments and settlement rather than speculation.

Summary: EURS is a multi-chain, fee-based euro stablecoin with open-source, audited contracts, but its governance and treasury controls remain centralized under the issuing company rather than decentralized.

3. Financial Health (4 criteria)

Criterion	Score	Analysis
Protocol Revenue	85/100	Protocol revenue comes from conversion fees rather than riba-based interest.
Financial Status	75/100	Sources document years of operation and billions in transfer volume, though recent liquidity is described as modest.
Interest Assessment	90/100	Sources state explicitly the base protocol offers no native lending, borrowing or yield.
Audit Quality	75/100	Named audits (CoinFabrik at launch; CertiK dated 3/24/2021–4/2/2021 with zero critical/major/medium findings) are documented, though the most recent audit is several years old.

Summary: The protocol earns fee-based revenue and holds cash-euro reserves verified by an external accounting firm, offers no native lending/yield itself, and has been audited by named firms though the most recent contract audit is dated 2021.

4. Token Economics (5 criteria)

Criterion	Score	Analysis
Token Purpose	90/100	EURS functions as a genuine utility/payment token representing a redeemable euro claim, not a meme asset.
Governance Rights	N/A	Sources confirm holders have no governance rights, which is a neutral design feature for a pegged stablecoin rather than a Shariah concern.
Rewards Distribution	N/A	There is no native reward mechanism; the token simply mirrors the euro peg rather than promising fixed or variable returns.
Speculation Controls	N/A	EURS is an inherently stable pegged asset, so speculation-control mechanisms beyond the peg/redemption structure are not applicable.
Asset Backing	90/100	The token is backed by a verified cash-euro reserve with recurring third-party (BDO) verification.

Summary: EURS is a utility token representing a redeemable euro claim with no governance rights and no built-in reward mechanism, its value anchored to a verified fiat reserve rather than speculative mechanics.

5. Staking Mechanism

STASIS EURO 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: EURS presents as a transparent, reserve-backed, fee-revenue euro stablecoin with a traceable team and audited contracts, whose main compliance-relevant caveats are centralized governance and limited disclosure on exact reserve composition and token-distribution fairness.

Is STASIS EURO halal?

RibaSharia pillar · 85.7/100 · Compliant · 10 criteria

GhararSharia pillar · 71.5/100 · Compliant · 15 criteria

MaysirSharia pillar · 80/100 · Compliant · 11 criteria

LegitimacyDiligence dimension · 83.8/100 · Compliant · 4 criteria

ProjectDiligence dimension · 71.7/100 · Compliant · 9 criteria

FinancialDiligence dimension · 81.3/100 · Compliant · 4 criteria

TokenomicsDiligence dimension · 96/100 · Compliant · 5 criteria

StakingDiligence dimension · 0/100 · Avoid · 5 criteria