peaq
PEAQ#195peaq is a layer 1 blockchain for robots, vehicles and devices; PEAQ pays fees, is staked to secure the network and is bonded when machines activate.
- Market cap
- $103.03M
- Volume 24h
- $3.73M
- All-time high
- —
- Circulating supply
- 2.56B of 5.67B
Passes all 8 Shariah criteria.
- 8 pass
- 0 caution
- 0 fail
Verdict history
- HalalCurrent
First publication
Fundamentals, market picture and news will appear here.
Halal analysis
Can a Muslim hold peaq?8 Shariah criteria
8 pass · 0 caution · 0 failStaking rewards are variable pay for validation with slashing; delegation is passive.
Riba is interest or any guaranteed increase on a loan. PEAQ pays nothing for simply holding it. Validators and delegators receive 30% of new issuance and fees; the amount varies, delegators stop earning if their validator misbehaves, and in Trust Validation both share in slashing. This is pay for work with real risk, not a return on a loan. A small reduction applies because delegators earn without doing the work themselves. CryptoUmmah finds low riba concern (85/100), and Sharlife rates peaq compliant.
PEAQ is the native coin of a working blockchain.
This criterion asks whether the asset has real value as property (mal). PEAQ pays for every transaction on the peaq chain, is staked to produce blocks, is bonded to activate machines and gives governance votes. These are real functions. Sharlife, the first authoritative source that rates peaq, lists it as compliant. The criterion is at the maximum.
No gambling or lottery mechanism was found in PEAQ.
Maysir is gambling: gaining or losing by chance rather than through productive exchange. PEAQ is a utility coin for machine networks, and rewards go to validators and machine operators for work. CryptoUmmah scores maysir 70/100 without pointing to a gambling mechanism. None was found, so the criterion is at the maximum.
Network income is transaction fees and machine activation, tied to real use.
This criterion asks how the project earns and whether that income is impermissible. peaq earns from transaction fees, machine activations and per-event coordination fees, all linked to real machine activity. CryptoUmmah finds that revenue does not come from interest-bearing loans or debt instruments. No forbidden industry was found in the protocol. The criterion is at the maximum.
Tokenomics are documented in detail, but insiders hold a large share and the foundation has a veto.
Gharar is excessive uncertainty or hidden information. peaq publishes its allocation, vesting, inflation and treasury wallets in detail. A reduction reflects concrete points: investors and team entities received 54% of the genesis supply, the foundation holds veto power in the current governance phase, and the hard cap is not yet enforced by the runtime. CryptoUmmah scores gharar 62.7/100 and notes audit findings that were acknowledged rather than fixed. The criterion passes with a reduced score.
PEAQ is used for fees, staking, machine bonding and governance.
This criterion looks at what the asset is actually used for. PEAQ pays for transactions by machine networks such as vehicle sharing, sensors and robots, secures the chain and is bonded to activate machines. These uses are acceptable, and no dominant impermissible use was found. The criterion is at the maximum.
Fully paid spot PEAQ is available and can be held in self-custody.
This criterion asks whether the asset can be owned in a permissible way. PEAQ trades spot with full payment and delivery on exchanges and can be held in a self-custody wallet on the peaq chain or on Ethereum, BNB Smart Chain, Base or Solana. The criterion is at the maximum.
peaq lets machine owners and communities share in the value machines create; no concrete harm was found.
Maslahah weighs benefit against harm. peaq aims to let the people who build and operate machines own and share the value they create, and gives devices a verifiable record. No specific harm to users, such as an exploit or loss of funds, was found in the sources collected. The criterion is at the maximum.
How you can use it
Tap a card for the ruling and sourcesBuying PEAQ with full payment and immediate delivery is available on exchanges, and the tokens can be moved to a self-custody wallet.
No exchange-traded fund or product holding PEAQ was found in the sources collected. A product that held PEAQ would be judged like spot; its structure would need checking.
PEAQ pays transaction fees on its own network and is bonded for machine activation. Using it for permissible purposes there is acceptable; tier-1 bodies such as Indonesia’s MUI reject crypto as general currency.
Native staking rewards validators and their delegators for producing blocks and, increasingly, for verifying machine activity; rewards vary and stake can be slashed. Delegation is passive but shares the risk. Exchange earn products on PEAQ that pay from lending are a different thing and fail.
Margin trading is never acceptable: it is a deferred exchange with borrowed money and leverage (AAOIFI SS 20).
Futures, perpetuals and options always fail under AAOIFI SS 20: deferred exchange without delivery, usually with leverage.
Lending PEAQ through exchange or DeFi lending programmes pays depositors interest from borrowers. This is riba.
Yield products on PEAQ outside native staking get their return from lending or similar interest-like sources and fail. Machine financing products built on peaq need separate checking.
Scholars quotes
The opinion on this is the same as doing the same with any halal assets such as shares – 1) is permissible, 2) is more debatable and there are differing opinions on short-term trading.As I mentioned at the beginning of this article it is not necessary to substantiate the permissibility of something as long as there are no prohibited factors involved in it or surrounding it.Penggunaan cryptocurrency sebagai mata uang hukumnya haram, karena mengandung gharar (ketidakjelasan), dharar (bahaya) dan bertentangan dengan Undang-Undang nomor 7 tahun 2011 tentang Mata Uang dan Peraturan Bank Indonesia nomor 17 tahun 2015 tentang Kewajiban Penggunaan Rupiah di Wilayah Negara Kesatuan Republik Indonesia.Sebagaimana mata wang yang lain, mata wang digital hendaklah tidak digunakan sebagai bayaran kepada barangan, perkhidmatan dan aktiviti tidak patuh Syariah seperti pembelian dadah, pelacuran, perjudian dan pendanaan aktiviti keganasan serta penggubahan wang haram.The SAC has also resolved that investment and trading of Digital Assets that fulfil the above requirements and which are traded on Digital Asset Exchange (DAX) registered with SC are permissible.Third: In light of the above and given the significant risks associated with this type of currencies and the instability of their transactions, the Council of the Academy recommends pursuing research and studies on issues affecting its ruling.Bitcoin is a digital currency that does not meet the legal and Sharia criteria that make it a currency subject to the rulings of dealing with official legal currencies recognized internationally.بناءً على ذلك: فلا يجوز شرعًا تداول عملة "البتكوين" والتعامل من خلالها بالبيعِ والشراءِ والإجارةِ وغيرها، بل يُمنع من الاشتراكِ فيها؛ لعدمِ اعتبارِها كوسيطٍ مقبولٍ للتبادلِ من الجهاتِ المخُتصَّةِ، ولِمَا تشتمل عليه من الضررِ الناشئ عن الغررِ والجهالةِ والغشِّ في مَصْرِفها ومِعْيارها وقِيمتها، فضلًا عما تؤدي إليه ممارستُها من مخاطرَ عاليةٍ على الأفراد والدول.According to research and opinion of experts so far, cryptocurrency is not considered ‘ maal ’ (wealth) in Sharia.Muhammadiyah memandang transaksi dan investasi kripto pada dasarnya mubah (boleh) tetapi dengan syarat tertentu.Our current position is 'tawaquf'; we can't say it is halal or haram, but we say it is better not to engage in itAI-assisted analysis checked against sources. Not a fatwa or investment advice.
Where it trades
Section in preparation
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