Is 1INCH halal?
1INCH is the token of a decentralised exchange. It is issued as a token on Ethereum.
1INCH does not clear every threshold of our screen. Its weakest point is the Riba-free criterion (58 out of 100). Exchange revenue often includes margin, lending or derivatives fees.
Shariah screen result
mean of the five criteria
Exchange revenue often includes margin, lending or derivatives fees.
Fairly small (market value about $129 million). Smaller markets move more easily.
Nothing in its public tags points to gambling-style mechanics.
Its tags do not describe a clear asset or service underneath the token.
Spot trading can be permissible, but the platform's full business needs checking.
How this was made: we scored the coin's public category tags and market size against the same five criteria and thresholds we use in our reviewed screen. Nobody has yet read its whitepaper or checked its revenue. This is a screening result, not a fatwa. Scholars may reach different views, so check with a qualified scholar before relying on it.