Which bodies have ruled on Tradable NA Third Party Online Merchant SSTN?

6 recognised bodies have published positions that apply to Tradable NA Third Party Online Merchant SSTN: Darul Uloom Karachi (prohibits, Jun 2026), Muhammadiyah (permits with conditions, Mar 2026), Majelis Ulama Indonesia (permits with conditions, Nov 2021), National Fatwa Council, Malaysia (permits, Aug 2021), SC Malaysia Shariah Council (permits with conditions, Jul 2020) and Diyanet, Türkiye (prohibits, Jan 2018). Some of these address crypto in general rather than Tradable NA Third Party Online Merchant SSTN specifically.

~ / markets / coins / PC0000015

Is Tradable NA Third Party Online Merchant SSTN halal?

Q: What do scholars look at in Tradable NA Third Party Online Merchant SSTN?

Riba-free: Real-world-asset tokens are often backed by debt instruments that pay interest. Clarity: Fairly small (market value about $106 million). Smaller markets move more easily. Not maysir: Nothing in its public tags points to gambling-style mechanics. Asset-backing: Whether the backing is permissible depends on the specific assets. Use-case: Its purpose is not clear from public data.

Tradable NA Third Party Online Merchant SSTN is a token that represents real-world assets. It is issued as a token on Zksync.

Recognised bodies differ on Tradable NA Third Party Online Merchant SSTN: 1 permit, 3 permit with conditions and 2 prohibit.

PC0000015 price

$1.00

0.00% 24h

Market value

$106M

rank #266

From all-time high

0.0%

high $1.00

What official bodies say

Ikhtilaf: scholars differSummary of published positions · updated 5 Nov 2026

1 permit3 with conditions2 prohibitof 6 recognised bodies on record

Darul Ifta, Jamia Darul Uloom KarachiPakistan · 10 Jun 2026
Prohibits · on crypto in general
Cryptocurrencies, tokens and stablecoins, explicitly including USDT, are not wealth (mal), and buying them is impermissible. Signed by six muftis including Mufti Muhammad Taqi Usmani.
Dawn, 10 Jul 2026
Majelis Tarjih dan Tajdid, MuhammadiyahIndonesia · 7 Mar 2026
Permits with conditions · on crypto in general
Investing in crypto as a digital asset is permissible by default but conditional, and becomes haram where Shariah principles are breached. Crypto may not be used as money. Replaces its 2022 position, which held crypto haram.
Hukumonline, Mar 2026
Majelis Ulama Indonesia, Ijtima Ulama VIIIndonesia · 11 Nov 2021
Permits with conditions · on crypto in general
Crypto as money is haram. As a commodity it is generally not valid to trade, unless the token meets commodity conditions, has an underlying asset and a clear benefit, and is free of gharar, harm and gambling.
MUI fatwa text (PDF)
National Fatwa Council of Malaysia (Muzakarah MKI), 117th meetingMalaysia · 4 Aug 2021
Permits · on crypto in general
Transactions in digital currency are permissible (harus) under conditions, including for payment, remittance and savings. Dated by Perak's adoption of the decision on 4 Aug 2021; the council's own meeting date is not published.
Jabatan Mufti Negeri Perak (PDF)

Show all 6 rulings

Shariah Advisory Council, Securities Commission MalaysiaMalaysia · 20 Jul 2020
Permits with conditions · on crypto in general
Digital currencies and tokens are property (mal). Investing in and trading them is permissible when they meet the council's requirements and trade on an SC-registered exchange; each asset needs the council's own decision.
SC Malaysia, Digital Assets from Shariah Perspective (PDF)
Diyanet, High Board of Religious AffairsTürkiye · 1 Jan 2018
Prohibits · on crypto in general
Using digital currencies that carry serious uncertainty, a high risk of deception and no guarantee is not permissible. The statement sets criteria rather than banning every digital currency, and says each type should be assessed on its own.
TRT Haber, 1 Jan 2018 (primary text not published online)

Get an email when a recognised body rules on Tradable NA Third Party Online Merchant SSTN

Only when a body publishes or changes a position. You confirm by email first and can stop in one click. A report of what was published, not a fatwa or advice.

Deengen does not issue fatwas or verdicts. The label counts the published positions above: Halal-leaning when two thirds or more of the bodies permit it, Haram-leaning when all prohibit it, Ikhtilaf otherwise. Ask a qualified scholar for a ruling that applies to you.

What scholars look at in Tradable NA Third Party Online Merchant SSTN

Riba-free: Real-world-asset tokens are often backed by debt instruments that pay interest.
Clarity: Fairly small (market value about $106 million). Smaller markets move more easily.
Not maysir: Nothing in its public tags points to gambling-style mechanics.
Asset-backing: Whether the backing is permissible depends on the specific assets.
Use-case: Its purpose is not clear from public data.

Category tags:Tokenized AssetsReal World Assets (RWA)Tokenized Credit

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Deengen does not issue fatwas or verdicts. Each report summarises positions published by recognised fatwa bodies and regulators, as dated and linked. It is not a recommendation to buy, sell or hold any asset. Ask a qualified scholar for a ruling that applies to you. Crypto involves substantial risk, including the loss of your capital. Market data from CoinGecko may be delayed or wrong.