Halal Crypto

Circle-issued EUR stablecoin under the same reserve model as USDC — interest-bearing bank-deposit reserve, direct riba

Overnight swap fund generating interest income from money market instruments - direct riba mechanism.

Tokenized money-market fund holding short-maturity Eurozone Treasury Bills — direct riba

Interest-bearing token with 'Digital Interest' as its core mechanism - direct riba through yield generation.

USD-backed stablecoin — same interest-bearing fiat-reserve structure as USDC/USDT

Interest-bearing stablecoin - feUSD is designed to accrue yield through an underlying interest-generating mechanism, making it a riba product.

Interest-bearing stablecoin designed to accrue yield for holders, making interest the core mechanism.

Tokenizes HELOCs (home equity lines of credit) as a debt-market instrument on Provenance Blockchain — the underlying asset is interest-bearing consumer debt (riba)

Fidelity fund product designed to generate yield through interest-bearing mechanisms and active fund management - core function is distributing returns from interest and investment income (riba).

Interest-bearing stablecoin fund product - yields generated from underlying collateral earning interest constitute riba.

Fractional-algorithmic stablecoin with interest-bearing mechanisms and yield farming incentives built into its core protocol design.

Frax is a fractional-algorithmic stablecoin where the protocol earns seigniorage and charges redemption fees that function as interest-bearing yield to token holders.

FTX exchange token whose primary utility was exchange fee discounts and yield-bearing staking rewards on the now-defunct FTX platform - the staking mechanism was explicitly interest-bearing (riba).

Interest-bearing stablecoin designed to generate yield through savings mechanisms - core function is riba (interest).

Interest-bearing stablecoin that accrues yield to holders through its rebasing mechanism - core function is distributing interest-like returns (riba).

Stablecoin minted via collateralized borrowing on Aave — direct riba, same as DAI

Decentralized perpetual futures and spot trading protocol where the core mechanism is leverage trading with funding rates and interest-bearing positions - riba-based trading infrastructure.

Mining-as-a-service token where users earn passive returns from cloud mining operations - the yield mechanism is fundamentally interest-like and built into the business model.

USD-pegged stablecoin with interest-bearing mechanisms through Gemini Earn and other yield products - riba.

Protocol is specifically built for derivatives, synthetic assets, and perpetual futures — directly facilitating instruments most scholars consider haram

Interest-bearing stablecoin designed to generate yield through lending and DeFi protocols - core mechanism is riba.

Tokenized fund holding AAA-rated Collateralized Loan Obligations — a pool of interest-bearing corporate loans, direct riba

Governance token of JustLend, Tron's lending/borrowing protocol — direct riba, same as AAVE/COMP

Tokenized fund holding interest-bearing US Treasuries — direct riba

Interest-bearing stablecoin that generates yield through lending protocols and algorithmic mechanisms - direct riba.

DeFi lending/borrowing protocol where yields are generated through interest-bearing mechanisms on deposits and loans.

Interest-bearing stablecoin backed by liquid staking derivatives, where the yield mechanism is the core product feature.

DeFi lending/borrowing protocol where yield derives from interest charged on loans - core riba mechanism.

Loan protocol token - business model fundamentally built on interest-bearing lending mechanisms where yield derives from charging/paying interest (riba).

Actively managed fund token with underlying assets earning interest and dividends - business model fundamentally built on riba-generating investments.

Collateralised debt position protocol (riba)

Explicitly a lending/borrowing protocol ('earn yield and borrow assets') — direct riba, same as AAVE/COMP

Tokenized US Treasury bill yielding interest - core mechanism is interest-bearing return (riba).

MYX Finance is a yield farming and lending protocol where returns are generated through interest-bearing mechanisms on deposited assets - core riba.

Platform token of Nexo, a crypto lending/interest-earning platform — direct riba, same as AAVE/COMP

Interest-bearing stablecoin designed to generate yield through underlying collateral earning mechanisms - core function is riba.

Treasury-backed DeFi protocol historically built around high-APY rebasing/bonding mechanics that function as guaranteed compounding yield — riba-like by design

Governance token of a protocol whose core products are tokenized-Treasury yield (USDY/OUSG) and Flux Finance, a lending/borrowing market — same riba exposure as AAVE/COMP

Reinsurance-collateral structured product explicitly marketed to 'generate yield in both rising and falling markets' — a guaranteed-return mechanism functioning as riba, on top of conventional (non-Takaful) reinsurance structuring

Tokenized fund holding short-term US Treasury bills (via the iShares SHV ETF) — direct riba

Tradable debt instrument backed by Latin American lending operations - the underlying business model is interest-bearing lending (riba), making the token a claim on interest income.

Structured finance product backed by interest-bearing legal receivables and post-settlement financing - core mechanism is collection of interest payments (riba).

DeFi lending protocol where yield is generated through interest charged on borrowed assets - core riba mechanism.

Explicitly a yield-tokenization protocol that trades fixed-interest instruments derived from future yield — direct riba

Perpetual futures trading platform where yields derive from interest payments on leveraged positions and funding rates - core mechanism is interest-based.

USD-pegged stablecoin backed by precious metals and bank deposits earning interest - the interest income on reserves constitutes riba.

USD stablecoin backed by Treasuries and cash equivalents held by Paxos — same interest-bearing reserve structure as USDC/USDT

Avalanche lending protocol governance token with vote-escrow staking rewards - same interest-bearing yield-farming debate as other DeFi governance tokens.

DeFi yield strategy protocol with structured vaults earning interest through options selling and lending - core business model is generating and distributing interest-based returns (riba).

Lending protocol where yield is generated through interest charged on loans - core business model is riba.

Interest-bearing stablecoin that accrues yield to holders through an automated rebasing mechanism - direct riba.

Interest-bearing stablecoin designed to generate yield through underlying collateral earning mechanisms - direct riba.

USD stablecoin backed by dollars and cash equivalents held by Standard Custody & Trust — same interest-bearing reserve structure as USDC/USDT

Overnight swap fund product designed to generate interest income through money-market instruments - core mechanism is riba.

Designed specifically for DeFi trading including derivatives and orderbooks — primary use case facilitates instruments scholars consider haram

Yield-farming and staking protocol where primary returns come from interest-bearing mechanisms and liquidity pool rewards - direct riba through staking rewards and pool incentives.

Governance token of Sky Protocol, the 2024 rebrand of MakerDAO — governs the same collateralized-debt-position mechanism already flagged for DAI/MKR

Synthetic asset protocol; staking rewards from debt (riba)

Synthetic asset protocol; staking rewards from debt (riba)

Tokenized collateralized loan obligation fund - structured finance product generating returns from interest-bearing debt instruments, core mechanism is riba.

Governance token of SUN.io, Tron's stablecoin-swap and lending platform, explicitly modeled on Curve DAO's CRV token — same riba exposure already flagged for CRV

Liquid staking derivative token - primary return mechanism is staking rewards from Ethereum validation, creating the same scholarly debate around whether yield from network participation constitutes a legitimate service fee or interest-like passive income.

Maple Finance is a DeFi lending protocol where yield is generated through interest charged on loans - core riba mechanism.

Treasury fund token backed by short-duration US bonds earning interest - direct riba through bond yield mechanism.

Interest-bearing stablecoin where trUSD generates yield through underlying collateral earning mechanisms - direct riba.

USD-backed stablecoin — same interest-bearing fiat-reserve structure as USDC/USDT

USD-pegged stablecoin — same interest-bearing fiat-reserve structure as USDC/USDT

DeFi lending/borrowing protocol where yield is generated through interest-bearing mechanisms - core business model built on riba.

Interest-bearing stablecoin with yield mechanism built into its core design - users earn returns through the protocol's interest-generating structure.

USD-pegged stablecoin with interest-bearing mechanism - yield generated through collateral earning interest constitutes riba.

Stablecoin backed 1:1 by Real-World Assets including US Treasury Bills — interest-bearing reserve, direct riba

USD stablecoin backed by cash and short-term US Treasury bills held via money-market funds — issuer earns interest on the reserve, same structure as USDC/USDT

Interest-bearing stablecoin that accrues yield to holders through an embedded rebasing mechanism - direct riba.

USDA is an interest-bearing stablecoin that generates yield through lending protocols and reserve strategies - the yield mechanism constitutes riba.

Interest-bearing stablecoin that accrues yield to holders through the Dai Savings Rate mechanism - direct riba.

Interest-bearing stablecoin - yields generated through collateral earning mechanisms constitute riba.

Stablecoin backed by interest-bearing instruments (riba)

Tron's algorithmic/collateralized stablecoin — same collateralized-debt riba concern as DAI

Synthetic dollar whose yield comes from staking rewards plus perpetual-futures funding-rate arbitrage — a derivatives-based, riba-adjacent yield mechanism

USD-pegged stablecoin with yield mechanism - interest-bearing product (riba).

Synthetic dollar explicitly marketed around unlocking 'yield potential' from crypto collateral — riba-adjacent yield mechanism, same concern as USDe

Paxos-issued USD stablecoin backed by fiat/cash-equivalent reserves — same interest-bearing reserve structure as USDC/USDT/PYUSD

Regulated USD stablecoin issued by OSL Group, backed by fiat/cash-equivalent reserves — same interest-bearing reserve structure as USDC

Kyrgyzstani som-pegged stablecoin with interest-bearing mechanism - direct riba.

USD-pegged stablecoin backed by short-term US Treasury bills and money market funds that generate interest income - direct riba mechanism.

Stablecoin of the Sky ecosystem (rebrand of MakerDAO); explicitly described as moving value 'via peer-to-peer lending and saving' — same collateralized-debt riba mechanism as DAI/MKR

Stablecoin backed by interest-bearing instruments (riba)

Ethena's conventional USD stablecoin, backed by cash/cash-equivalent reserves — same interest-bearing reserve structure as USDC

Interest-bearing stablecoin that generates yield through underlying asset returns - direct riba mechanism.

Explicitly a yield-bearing, Treasury-backed stablecoin — direct riba

Tokenized fund holding short-duration US Treasury/Agency securities targeting the federal funds rate — direct riba

US Treasury bill money market fund - direct interest-bearing yield product (riba) from government securities.

Algorithmic stablecoin that collapsed; originally designed to maintain a peg through interest-bearing mechanisms and arbitrage with Luna, making it fundamentally interest-dependent.

Stablecoin over-collateralized by USDT/USDC — inherits the riba concern of its underlying collateral, same as DAI

Tokenized money-market fund that explicitly 'earns short-term Fed rate returns' — direct, unambiguous riba

Interest-bearing stablecoin that generates yield through underlying collateral earning mechanisms - direct riba.

DeFi lending protocol with interest-bearing yield mechanisms at its core business model.

Governance token of a DeFi lending platform (an Aave-derived lending/borrowing protocol) — same riba exposure as AAVE/COMP

Stablecoin collateralized by interest-bearing bank deposits and short-term treasury instruments - the underlying collateral generates riba.

DeFi lending/borrowing protocol where users earn yield by supplying assets and pay interest on borrowed assets - core business model is interest-based riba.