Shariah screen result
mean of the five criteria
Nothing in its public tags points to an interest-based mechanism.
Fairly small (market value about $80.6 million). Smaller markets move more easily.
Nothing in its public tags points to gambling-style mechanics.
Each token is meant to be backed by physical gold, a real asset.
Holding gold is a recognised, permissible use. Scholars attach conditions to buying gold (an immediate, like-for-like exchange), so how you buy it matters.
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.