Axie Infinity

Holding AXS pays nothing; staking rewards come from a fixed token allocation, not from lending, but they are earned passively.

Riba is interest or any guaranteed increase on a loan. AXS has no lending function. Staking rewards were paid from a set allocation of 78.3 million AXS and, since December 2025, fall by 5% every 9 days; nobody borrows the staked tokens, so this is not interest on a loan. Because the reward is earned by simply locking tokens, without validation work or risk, the score is slightly below the maximum.

AXS is the working token of a live game and its treasury.

This criterion asks whether the asset has real value as property (mal). AXS is needed to breed Axies, is staked for governance over a treasury funded by game fees and is used across the Axie games. Sharlife, the authoritative source, rates it permissible, so the general scholarly debate about crypto is reflected in confidence rather than this score.

AXS is a game utility token, not a game of chance; its large price fall is market risk.

Maysir is gambling: gaining or losing by chance rather than through productive exchange. AXS is used for breeding and governance in a skill-based game, and no lottery or betting mechanism tied to the token is documented. The price fell more than 99% from its 2021 high, which is market risk, not gambling in the asset itself. The criterion is at the maximum.

The game earns marketplace and breeding fees; no interest or other impermissible income is documented.

This criterion asks how the project earns. The Community Treasury receives 4.25% of all Axie marketplace sales and the AXS part of breeding fees, and Sky Mavis earns from building the games. No source shows interest-based or other impermissible revenue, so the criterion is at the maximum.

Supply is capped and rules are published, but Sky Mavis long controlled key decisions and the Ronin bridge was hacked for $625 million.

Gharar is excessive uncertainty or hidden information. AXS supply is capped at 270 million with a published allocation and unlock schedule. Two concrete points lower the score within pass: Sky Mavis has controlled product and treasury decisions for most of the token's life, with governance only moving to a foundation in 2025, and the Ronin network suffered a $625 million exploit in 2022. Reward rules have also changed several times, most recently with bAXS in 2026.

AXS is used for breeding, staking and governance in the Axie games.

This criterion looks at what the asset is actually used for. AXS is spent on breeding, staked and used to vote, and game rewards are paid in AXS-backed bAXS. Playing a game is not an impermissible use in itself, so the criterion is at the maximum; the debate about the benefit of play-to-earn gaming is weighed under benefit and harm.

Fully paid spot AXS is widely available and can be held in a self-custody wallet.

This criterion asks whether the asset can be owned in a permissible way. AXS trades spot on major exchanges and on Ronin, and it can be held in a self-custody wallet. Ownership does not depend on derivatives or leverage, so the criterion is at the maximum.

The game gives players real ownership of items, but the 2022 hack caused large losses and SRB sees little benefit in the gaming culture.

Maslahah weighs benefit against harm. Axie gives players ownership of game assets and has run for years. Against that, the 2022 Ronin exploit cost users and the treasury $625 million, only partly recovered, and the Shariyah Review Bureau rated AXS non-compliant because it sees the game as adding little real-world value. Sharlife, the first authoritative source, rates it permissible, so the criterion stays in pass with a reduced score.