Prom
PROM#184Prom is a zkEVM Layer 2 network built with Polygon CDK; PROM, formerly the Prometeus token, pays fees and gives governance rights.
- Market cap
- $118.44M
- Volume 24h
- $6.2M
- All-time high
- —
- Circulating supply
- 18.25M of 19.25M
Passes our 8 Shariah criteria. Needs caution: excessive uncertainty (gharar).
- 7 pass
- 1 caution
- 0 fail
Verdict history
- HalalCurrent
First publication
Fundamentals, market picture and news will appear here.
Halal analysis
Can a Muslim hold Prom?8 Shariah criteria
7 pass · 1 caution · 0 failPROM pays no interest; staking rewards are variable and tied to network activity.
Riba is interest or any guaranteed increase on a loan. Holding PROM pays nothing. CryptoUmmah describes staking as participation in network security with variable rewards tied to network activity rather than fixed interest, and no lending product of the project was found on its website. Sharlife rates the token permissible. No interest mechanism was found, so the criterion is at the maximum.
PROM is the fee and governance token of a working Layer 2 network.
This criterion asks whether the asset has real value as property (mal). PROM pays for transactions on the Prom network, gives governance votes and gives access to network services. Sharlife, the first authoritative source that rates it (as Prometeus), lists it as permissible. The criterion is at the maximum.
PROM has no gambling or lottery mechanics.
Maysir is gambling: gaining or losing by chance rather than through productive exchange. PROM is a utility token for network fees and governance, with no game of chance in its design. The recent sharp price rise is market behaviour, weighed under uncertainty, not a feature of the token. The criterion is at the maximum.
The network earns transaction fees for processing transactions.
This criterion asks how the ecosystem earns and whether that income is impermissible. Prom is infrastructure: it processes transactions for a fee, which is a permissible service. No lending, derivatives or other impermissible business of the project itself was found in the sources collected. Lack of detailed financial data is not a violation, so the criterion is at the maximum.
The team is not named, no allocation is published, holdings are concentrated and the price has moved abnormally.
Gharar is excessive uncertainty or hidden information. The Prom website names no founders, publishes no allocation or unlock table, and the whitepaper link listed on CoinMarketCap is broken. CoinMarketCap shows only 2,790 holder addresses on Ethereum, with the top 10 holding 72.36%, and a 440.78% price rise in 90 days. CryptoUmmah scores gharar 51.5/100. These concrete gaps put the criterion at caution.
PROM is used for network fees and governance.
This criterion looks at what the asset is actually used for. PROM pays for transactions and contract calls on a general-purpose network and is used to vote. No use centred on an impermissible activity was found, so the criterion is at the maximum.
Fully paid spot PROM is available on exchanges and can be held in self-custody.
This criterion asks whether the asset can be owned in a permissible way. PROM trades spot with full payment and delivery on exchanges including Binance and can be held in a self-custody wallet on Ethereum or BNB Chain. The criterion is at the maximum.
No fraud or documented harm to holders was found.
Maslahah weighs benefit against harm. Prom offers cheaper transactions for Ethereum-compatible applications. No fraud, hack or documented harm to holders was found in the sources collected, so the criterion is at the maximum.
How you can use it
Tap a card for the ruling and sourcesBuying PROM 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 PROM was found in the sources collected. A product that held PROM would be judged like spot; its structure would need checking.
PROM pays transaction fees on the Prom network and is not used as a general means of payment. Tier-1 bodies such as Indonesia’s MUI rule that using cryptocurrency as currency is not permissible.
CryptoUmmah describes PROM staking with variable rewards tied to network activity, which is not a loan. The project’s own staking terms were not found, so check the source of rewards before staking; exchange earn products on PROM usually rely on lending.
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 PROM through exchange or DeFi lending programmes pays depositors interest from borrowers. This is riba.
PROM pays holders nothing itself. Yield products on PROM get their return from lending or similar interest-like sources and fail.
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
Similar halal assets
Halal verdict, same category
