eCash

XEC pays no interest; staking rewards go to node operators for running the network.

Riba is interest or any guaranteed increase on a loan. 10% of each block reward goes to Avalanche staking node operators, who must keep nodes online and stake at least 100 million XEC per UTXO; one proof wins each block, so the reward is variable. This is payment for work, not interest. The staking page describes no slashing and asks for high uptime, so the criterion is just below the maximum. Sharlife lists XEC as permissible.

XEC is a mined digital cash coin used for payments.

This criterion asks whether the asset has real value as property (mal). XEC is the native coin of a working payment network with merchant tools, a wallet and token trading. Sharlife, the first authoritative source that rates it, lists it as permissible, so the criterion is at the maximum.

XEC is a payment coin, not a game of chance.

Maysir is gambling: gaining or losing by chance rather than through productive exchange. XEC is mined and used for payments; it has no gambling mechanics. No concrete problem was found, so the criterion is at the maximum.

Development is funded from block rewards; no interest or other impermissible income is documented.

This criterion asks how the issuer or ecosystem earns and whether that income is impermissible. eCash has no issuer. Under the Infrastructure Funding Policy, 16% of each block reward funds protocol development and 16% ecosystem development. This is funding from new issuance, not interest, so the criterion is at the maximum.

The supply cap and reward split are public, but development fund recipients are set by miner policy, not the protocol.

Gharar is excessive uncertainty or hidden information. The 21 trillion cap and the 58/16/16/10 block reward split are published. But the Infrastructure Funding Policy says beneficiaries are not hardcoded and can be changed by network participants, so who receives 32% of new issuance can shift. The criterion is at pass, below the maximum.

XEC is used for payments, staking nodes and a token marketplace.

This criterion looks at what the asset is actually used for. XEC is used for peer-to-peer and merchant payments through PayButton, for running staking nodes and for trading tokens in Cashtab. These uses are permissible, so the criterion is at the maximum.

Fully paid spot XEC is widely available and can be held in self-custody.

This criterion asks whether the asset can be owned in a permissible way. XEC trades spot with full payment and delivery on Binance, Upbit and other exchanges, and can be held in self-custody wallets such as Cashtab. The criterion is at the maximum.

eCash provides fast, low-cost payments and published a security audit in 2026.

Maslahah weighs benefit against harm. eCash offers payments with finality in seconds, and in September 2026 it published an external security audit of its node software, with nearly all findings already fixed. No fraud or hack involving XEC was found, so the criterion is at the maximum.