Qtum
QTUM#192Qtum is a proof-of-stake blockchain that combines Bitcoin’s transaction model with Ethereum-compatible smart contracts; QTUM is its native coin.
- Market cap
- $104.76M
- Volume 24h
- $9.72M
- All-time high
- —
- Circulating supply
- 106.12M of 107.82M
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 Qtum?8 Shariah criteria
8 pass · 0 caution · 0 failStaking rewards are variable pay for producing blocks; delegation is passive and there is no slashing.
Riba is interest or any guaranteed increase on a loan. QTUM pays nothing for simply holding it. Stakers earn the block reward and fees only when their node produces a block, so the reward is variable and tied to work. A small reduction applies because Qtum has no slashing and lets holders delegate an address to a Super Staker and earn passively. CryptoUmmah finds no interest-bearing mechanism in the base protocol (78.9/100), and Sharlife rates Qtum compliant.
QTUM is the native coin of a working blockchain.
This criterion asks whether the asset has real value as property (mal). QTUM pays transaction fees and gas on the Qtum blockchain and is staked to secure it. These are real functions. Sharlife, the first authoritative source that rates Qtum, lists it as compliant. The criterion is at the maximum.
No gambling or lottery mechanism was found in QTUM.
Maysir is gambling: gaining or losing by chance rather than through productive exchange. QTUM is a utility coin of a smart contract platform. The choice of block producer is weighted by stake, which is a security mechanism, not a wager. CryptoUmmah finds only incidental maysir (71.9/100). No gambling mechanism was found, so the criterion is at the maximum.
The network has no issuer income from impermissible sources.
This criterion asks how the project earns and whether that income is impermissible. Qtum is a public blockchain: fees and block rewards go to the stakers who produce blocks, and there is no protocol entity taking a margin. No lending, interest or forbidden industry was found in the protocol. The criterion is at the maximum.
The code is open, the supply rule is fixed and network data is public.
Gharar is excessive uncertainty or hidden information. Qtum is open source with regular public releases, its supply follows a fixed halving schedule with a maximum of 107,822,406 QTUM, and the explorer shows supply, rewards and staking weight in real time. CryptoUmmah scores gharar 67.7/100, but no concrete hidden risk specific to Qtum was found. The criterion is at the maximum.
QTUM is used for fees, gas and staking.
This criterion looks at what the asset is actually used for. QTUM pays for transactions and smart contract execution and is staked to produce blocks. These uses are acceptable, and no dominant impermissible use was found. The criterion is at the maximum.
Fully paid spot QTUM is widely available and can be held in self-custody.
This criterion asks whether the asset can be owned in a permissible way. QTUM trades spot with full payment and delivery on major exchanges and can be held in the Qtum Core wallet or a hardware wallet. The criterion is at the maximum.
Qtum is open infrastructure with low energy use; no concrete harm was found.
Maslahah weighs benefit against harm. Qtum offers an open platform for applications that anyone can help secure from an ordinary computer. 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 QTUM with full payment and immediate delivery is widely available, and the coins can be moved to a self-custody wallet.
No exchange-traded fund or product holding QTUM was found in the sources collected. A product that held QTUM would be judged like spot; its structure would need checking.
QTUM pays transaction fees and gas on its own network. Using it for permissible purposes there is acceptable; tier-1 bodies such as Indonesia’s MUI reject crypto as general currency.
Native staking rewards the holder for running a node that produces blocks; the reward is variable and comes from block rewards and fees. Delegating to a Super Staker is non-custodial but passive. Exchange earn products on QTUM 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 QTUM through exchange or DeFi lending programmes pays depositors interest from borrowers. This is riba.
Yield products on QTUM outside native staking 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
