ALEO (ALEO) has been screened, but the facts the verdict turns on could not be established, per our own multi-standard crypto screen. Our full reasoning, the standards behind it and the facts it rests on are below.
We could not establish what this asset is, or how a holder earns from it, to the standard required to publish a verdict.
Independently corroborated. 2 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: enables haram activity, transparent governance, return mechanism. Our verdict does not assume anything about these — where they would change the answer, we say so rather than guessing.
Not established what this token is or how it pays, so the currency treatment cannot be applied to it.
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
No clear evidence of prohibition: no riba, no impermissible underlying activity, and a real function.
Assembly of Muslim Jurists of America — Dr. Salah Al-Sawy (Secretary General) and Dr. Yasir Qadhi: transactions are permissible unless clear evidence prohibits them
What this token is, or how holders earn from it, is not established.
Securities Commission Malaysia, Shariah Advisory Council, 233rd-234th meetings, June-July 2020
The project and token layers cannot be screened without establishing what the token does and how it pays.
Amanah Advisors, Crypto Shariah Screening Framework (Mufti Faraz Adam)
What the token does, and what the reward is paid FOR, is not established.
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
The return mechanism is what this standard screens, and it is not established.
AAOIFI Shariah Standards - riba and non-permissible income, applied to the token's return mechanism (no dedicated crypto standard exists)
No intrinsic backing and no issuing authority; excessive gharar under this position, which applies to most digital assets including Bitcoin.
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.
Aleo is a privacy-oriented smart contract platform that leverages zero-knowledge proofs to enable developers to create decentralized applications while ensuring user confidentiality. It aims to combine the benefits of public and private blockchains for enhanced scalability and privacy. Source: CoinPaprika.com
CryptocurrencyLayer 1 (L1)Made in USASmart ContractsZero Knowledge (ZK)
Background via CoinPaprika — 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.
