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Is NEXO halal?

NEXO is the token of a crypto exchange. It is issued as a token on Ethereum.

NEXO 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.

NEXO price
$0.8097
+0.58% 24h
Market value
$809.6M
rank #87
From all-time high
−80.1%
high $4.07

Shariah screen result

Needs reviewAutomated screen · Method v1.0 · data 16 Oct 2026
64/100
Screen index
mean of the five criteria
Riba-freeno reliance on interest
58

Exchange revenue often includes margin, lending or derivatives fees.

Claritylow excessive uncertainty
72

Mid-sized and actively traded (market value about $810 million).

Not maysirproductive, not gambling
72

Nothing in its public tags points to gambling-style mechanics.

Asset-backingreal value underneath
60

Its tags do not describe a clear asset or service underneath the token.

Use-casepermissible purpose
58

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.

Tags used:Centralized Exchange (CEX) TokenExchange-based Tokens
A screening result, automatic or reviewed, reflects our published method on the date shown. It is not a fatwa and not a recommendation to buy, sell or hold any asset. Where scholars differ, consult a qualified scholar. Crypto involves substantial risk, including the loss of your capital. Market data from CoinGecko may be delayed or wrong.

Education, not financial or religious advice. Capital at risk.