Chiliz

Holding CHZ pays nothing; staking rewards come from inflation and fees for validation, with slashing, though delegators earn passively.

Riba is interest or any guaranteed increase on a loan. Chiliz Chain staking rewards come from CHZ inflation and priority tips in each block, shared between validators and their delegators; the amount varies and validators face slashing. That is payment for securing the network, not interest. Because delegators earn without doing validation work themselves, the criterion is just below the maximum. Sharlife lists CHZ as permissible, and CryptoUmmah finds no interest mechanism (riba 81.9/100).

CHZ is the native gas and governance token of a working chain and the currency for fan tokens.

This criterion asks whether the asset has real value as property (mal). CHZ pays gas on Chiliz Chain, is used to acquire fan tokens of more than 60 sports partners and is staked for governance. Sharlife, the first authoritative source that rates it, lists it as permissible; the general scholarly dispute about crypto is reflected in confidence. The criterion is at the maximum.

CHZ is not a game of chance, but trading in fan tokens is largely speculative.

Maysir is gambling: gaining or losing by chance rather than through productive exchange. CHZ itself is a utility token. CryptoUmmah notes speculative secondary trading of fan tokens (maysir 73.9/100), and some fan-token mechanics tie supply to match results. These sit around CHZ rather than in it, so the criterion stays at pass, below the maximum.

Chiliz earns from fan-token sales and marketplace activity and uses 10% of proceeds for CHZ repurchases.

This criterion asks how the issuer or ecosystem earns and whether any of that income is impermissible. The Chiliz Group earns from fan-token transactions and marketplace activity with sports partners, and uses 10% of those proceeds to make CHZ repurchases and burn them. No interest or other impermissible income is documented, so the criterion is at the maximum.

Tokenomics and staking rules are published, but the 2018 launch favoured insiders and inflation keeps adding supply.

Gharar is excessive uncertainty or hidden information. The inflation formula, supply roadmap and reward split are published. But the 2018 token sale was a private placement of about 3 billion CHZ for about $66 million, and CryptoUmmah notes team transparency gaps beyond the founder and incomplete audit documentation (gharar 66.4/100). These keep the criterion below the maximum, within pass.

CHZ is used for gas, fan-token purchases and governance votes.

This criterion looks at what the asset is actually used for. CHZ pays gas, acquires fan tokens that give votes and rewards from sports clubs, and is staked for governance. These uses are permissible, so the criterion is at the maximum.

Fully paid spot CHZ is widely available and can be self-custodied.

This criterion asks whether the asset can be owned in a permissible way. CHZ trades spot on Binance, Upbit and many other exchanges and can be held in self-custody on Chiliz Chain or as a token on Ethereum, Base and Solana. The criterion is at the maximum.

Chiliz connects fans with clubs through votes and rewards; no fraud or hack is documented.

Maslahah weighs benefit against harm. Fan tokens let supporters vote in club polls and access rewards, and Chiliz works with major clubs and national teams. No source collected documents fraud or a hack involving CHZ, so the criterion is at the maximum.