Is Chromia halal?
Chromia is a token that represents real-world assets. It is issued as a token on Ethereum.
Chromia does not clear every threshold of our screen. Its weakest point is the Riba-free criterion (56 out of 100). Real-world-asset tokens are often backed by debt instruments that pay interest.
Shariah screen result
mean of the five criteria
Real-world-asset tokens are often backed by debt instruments that pay interest.
Small (market value about $17.9 million). Thin trading adds uncertainty (gharar).
NFT markets are often driven by speculation and random "mint" mechanics.
Whether the backing is permissible depends on the specific assets.
It depends on what the NFTs represent.
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.