MultiversX

Holding EGLD pays nothing; staking rewards are variable pay for validation with jailing and slashing risk.

Riba is interest or any guaranteed increase on a loan. EGLD staking rewards come from new coins and fees and are paid for producing and validating blocks. The amount depends on the validator rating, total stake and the provider fee, and misbehaving validators are jailed or slashed, so the stake is at real risk. Delegators share both the rewards and the fortunes of the provider they choose. Islamic Finance Guru, the first authoritative source that rates the coin, lists it as halal. No interest mechanism is documented, so the criterion is at the maximum.

EGLD is the native coin of a working blockchain and is needed to use it.

This criterion asks whether the asset has real value as property (mal). EGLD pays for every transaction and smart contract call on MultiversX and is staked to secure it. Islamic Finance Guru lists it as halal. The general scholarly dispute about crypto is reflected in confidence, not here, so the criterion is at the maximum.

EGLD is a network coin with no chance-based mechanics.

Maysir is gambling: gaining or losing by chance rather than through productive exchange. EGLD has no lottery or betting feature; it pays for network use and rewards validation work. No concrete gambling problem is documented, so the criterion is at the maximum.

The network earns transaction fees; part of them goes to smart contract developers.

This criterion asks how the network earns. MultiversX collects fees for transactions and smart contract execution; 30% of contract fees go to the contract developer and validators are paid from fees and new coins. No interest income is documented, so the criterion is at the maximum.

Rules are public and coded, but the supply cap was replaced by ongoing inflation and 40% of new coins go to two funds with undocumented spending.

Gharar is excessive uncertainty or hidden information. The economics are set in a public configuration file and were discussed as MIP-29. But the change is material: EGLD was presented with a theoretical maximum of 31,415,926 coins, and since December 2025 new coins are issued at 8.757% a year on current supply, falling slowly to a 2% floor. Of each epoch's rewards, 20% goes to an Ecosystem Growth address and 20% to a Growth Dividend address, and how these funds are spent was not found in the sources collected. This concrete change keeps the score below the maximum, within pass.

MultiversX is general-purpose infrastructure for payments and applications.

This criterion looks at what the network is actually used for. MultiversX is a general smart contract platform with about 630 million transactions since launch. No source collected shows that it exists mainly for impermissible activity, so the criterion is at the maximum.

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

This criterion asks whether the asset can be owned in a permissible way. EGLD trades spot on Upbit, Binance, Kraken, Coinbase and others and can be withdrawn to a wallet the owner controls. The criterion is at the maximum.

MultiversX offers fast, cheap transactions and open infrastructure; no harm specific to EGLD was found.

Maslahah weighs benefit against harm. MultiversX gives users and developers low-cost transactions and has run since 2020. No source collected links EGLD to fraud or large-scale harm, so the criterion is at the maximum.