USDai (USDAI) 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. 2 separate models read this coin and agreed on every fact the verdict turns on.
Not established: enables haram activity. 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)
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.
USDAI is a stablecoin designed to maintain a 1:1 peg with the US dollar, aiming to provide a reliable medium of exchange in the cryptocurrency market. As a digital asset, it facilitates seamless transactions while ensuring price stability. Source: CoinPaprika.com
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.
