Apollo Diversified Credit Securitize Fund (ACRED) is currently considered not halal (non-compliant), per our own multi-standard crypto screen. Our full reasoning, the standards behind it and the facts it rests on are below.
The return, or the reserve behind the peg, is interest (riba). Every standard we screen on rejects this without exception.
Independently corroborated. 3 separate models read this coin and agreed on every fact the verdict turns on, though 2 minor fields could not be established by all of them.
Not established: transparent governance. Our verdict does not assume anything about these — where they would change the answer, we say so rather than guessing.
Treated as currency, every riba ruling applies - and this token pays, or is backed by, interest.
Fiqh Council of North America, “Regarding the Islamic Ruling on Bitcoins” — default permissibility; treated as fiat currency, so all riba rulings and bai’ al-sarf apply
Riba is the clear evidence of prohibition this framework asks for.
Assembly of Muslim Jurists of America — Dr. Salah Al-Sawy (Secretary General) and Dr. Yasir Qadhi: transactions are permissible unless clear evidence prohibits them
Riba: the return, or the reserve behind the peg, is interest.
Securities Commission Malaysia, Shariah Advisory Council, 233rd-234th meetings, June-July 2020
Token layer: the return mechanism is interest.
Amanah Advisors, Crypto Shariah Screening Framework (Mufti Faraz Adam)
A lending-derived return is not a service fee, however it is presented.
Amanie Advisors (Dr. Daud Bakar) — Shariah certification of Ethereum staking; validation treated as a real service rendered to the network rather than a return on capital
A lending- or interest-derived return is riba regardless of what it is called.
AAOIFI Shariah Standards - riba and non-permissible income, applied to the token's return mechanism (no dedicated crypto standard exists)
Represents a claim on an identifiable off-chain asset rather than a free-floating digital token.
Mufti Muhammad Taqi Usmani (crypto trading and investment impermissible); Dar al-Ifta al-Misriyyah (Egypt, 2018); Diyanet Isleri Baskanligi (Turkey, 2017)
The restrictive position above is shown but excluded from our own verdict: it rejects most digital assets including Bitcoin on gharar alone, so letting it decide would mark nearly everything non-compliant — which is neither our conclusion nor a defensible reading of the evidence. Hiding it would be worse.
This is our own screening verdict, reached by applying each named standard ourselves to the facts above, last established 2026-08-29. Research, not a fatwa — for a decision that binds you, ask a scholar you trust.
This feeder fund invests in the Apollo Diversified Credit Fund ("Underlying Fund") which seeks to generate a return comprised of both current income and capital appreciation, emphasizing current income with low volatility and low correlation to the broader markets. ✓ Seasoned Asset Manager: Apollo draws on 30+ years of experience, aiming to achieve attractive returns across the risk spectrum through proprietary origination, credit strategies, and a flexible approach to borrower needs.(1) ✓ Historical Track Record of Outperformance: A diversified, global credit strategy with potential for enhanced income and attractive risk-adjusted returns across various market cycles. ✓ 0% Performance Fee ✓ $0 Redemptions ✓ Pricing Transparency: Daily pricing transparency and daily liquidity.(2) The Underlying Fund takes a multi-asset private and public credit approach centered around five key pillars: ✓ Corporate Direct Lending: Targets large scale corporate originations and sponsor-backed issuers of first lien, senior secured and unitranche loans, utilizing Apollo’s proprietary sourcing channel. ✓ Asset-Backed Lending: Focuses on agile deployment of capital into origination and proprietary sourcing channels across a broad mandate of asset-backed investments, with a focus on investments collateralized by tangible investments. ✓ Performing Credit: Primarily pursues liquid, performing senior secured corporate credits to generate total return. ✓ Dislocated Credit: Seeks to use contingent capital to tactically pursue “dislocated” credit opportunities such as stressed, performing assets that sell-off due to technical and/or non-fundamental reasons. ✓ Structured Credit: Focuses on structured credit opportunities across diverse asset types, vintages, maturities, jurisdictions, and capital structure priorities (for example, CLOs, residential, and commercial mortgage backed securities among others).9 (1) Diversification does not ensure profit or protect against loss. (2) Investment performance is not guaranteed and is subject to market risks.
Background via CoinGecko — informational, not part of the verdict.
Peer movement computing — it will appear here on its own.
Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.
