Aptos

Holding APT pays nothing; staking rewards are newly issued APT paid for validating blocks, and transaction fees are burned.

Riba means interest or any guaranteed increase on a loan. Simply holding APT earns nothing. The only native return is staking: APT staked in a validator's stake pool earns newly issued APT each epoch, and rewards go only to validators that successfully propose blocks, in proportion to their success rate, so the return depends on real validation work. In March 2026 governance cut the reward rate from 5.19% to 2.6% a year, and on 27 September 2026 the on-chain rewards rate equalled its floor.

Aptos is a working network and APT has clear uses in gas, staking and governance.

Mal is property that Islamic law recognises as having value and that can be owned and traded. Aptos clearly works: by 27 September 2026 its ledger had recorded about 7.38 billion transactions, and APT is needed to pay gas, to stake for consensus and to vote in governance. Islamic Finance Guru rates APT permissible, so with no concrete problem the criterion gets the maximum score.

APT is not a gambling token, but its trading is dominated by futures, and the largest on-chain DeFi app on Aptos is a perpetual-futures exchange.

Maysir is gambling: winning or losing by chance rather than through productive exchange. Ordinary price swings are not maysir, and APT has no chance-based payout of its own. The market around it is heavily speculative, though. On 27 September 2026, perpetual futures made up about 83% of APT/USDT trading volume on Binance (about $50.8 million against $10.3 million spot; a single-exchange, single-day snapshot). On the network itself, the Decibel perpetuals exchange was the largest non-exchange DeFi protocol by value locked, holding about 40% of it.

No issuer earns for holders: all gas fees are burned, and the foundation's income comes from its own token allocation rather than from fees.

This criterion asks how the issuer or protocol earns, and whether any of that income is impermissible. Aptos has no company that collects revenue on behalf of APT holders. Aptos docs state that the execution and IO part of gas is burned permanently and storage fees are burned and refunded when storage is freed; in March 2026 governance raised gas fees tenfold, and the docs describe no share of fees paid to validators or holders. These are service fees for processing transactions, destroyed rather than distributed.

Supply rules and code are public and changed by on-chain votes, though stake and voting power are concentrated, insider tokens were still unlocking, and some hotfixes ship as closed binaries first.

Gharar is excessive uncertainty or hidden information in a deal. Much of Aptos is transparent: total supply (about 1.21 billion APT on 27 September 2026) and the staking rate can be read on-chain, the 2.1 billion hard cap, the 2.6% staking rate and the tenfold gas increase were each passed by public governance votes in March 2026, and the node software is open source. Real concerns remain.

Aptos mainly carries about $965 million of stablecoins; perpetual futures and interest-based lending make up most of its small on-chain DeFi.

This criterion looks at what the network is actually used for. A good part is permissible: about $965 million of stablecoins circulate on Aptos for transfers and settlement, and the network hosts tokenised assets and ordinary DEXs. Its on-chain DeFi outside centralised exchanges is small, about $74 million on 27 September 2026, and most of it is disputed or impermissible: the Decibel perpetual-futures exchange held about $29.4 million (about 40%) and interest-based lending markets such as Echelon, Aptin and Echo about $18.2 million (about 25%).

Fully paid spot APT is widely available, and it can be held in one's own wallet.

This criterion asks whether the asset can be owned in a permissible way. APT trades spot, with full payment and delivery, on major exchanges such as Binance, and it can be withdrawn to a self-custody wallet where the owner controls it directly. It is also held by a regulated product in Europe: the Bitwise Aptos Staking ETP (APTB) holds and stakes APT and states that it does not lend. Ownership therefore does not depend on derivatives or leveraged wrappers. How specific funds are structured is assessed separately under trading mechanisms.

Aptos is a cheap settlement rail for stablecoins; no large-scale abuse specific to it was found, though heavy futures trading and insider unlocks have cost retail buyers.

Maslahah weighs public benefit against harm. The benefit is real: Aptos settles about $965 million of stablecoins at very low cost and supports ordinary applications. No study of large-scale fraud or pump-and-dump abuse specific to Aptos was found, unlike some other networks. The harms are moderate: APT has fallen more than 95% from its January 2023 high while early-investor and core-contributor tokens unlocked, which weighed on retail holders, and much trading happens in leveraged futures. Speculative trading losses are counted under maysir, and concentration under gharar, not again here.