SafePal
SFP#167SafePal (SFP) is the utility token of the SafePal crypto wallet, which makes hardware wallets and a self-custody app.
- Market cap
- $147.12M
- Volume 24h
- $1.65M
- All-time high
- —
- Circulating supply
- 500M of 500M
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 SafePal?8 Shariah criteria
8 pass · 0 caution · 0 failSFP pays no interest itself, but staking it raises rates in SafePal Earn, which includes lending vaults.
Riba is interest or any guaranteed increase on a loan. CryptoUmmah finds SFP staking rewards variable and profit-sharing based, not fixed interest, and scores riba 81.1/100. But one listed utility is a higher APY in SafePal Earn when SFP is staked, and Earn aggregates lending vaults such as those curated on Morpho. Holding SFP without using Earn involves no interest, so the criterion stays at pass, below the maximum.
SFP is the utility token of a widely used self-custody wallet.
This criterion asks whether the asset has real value as property (mal). SFP gives perks, airdrops, gas conversion and listing rights inside the SafePal wallet. Sharlife, the first authoritative source that rates it, lists it as permissible, so the criterion is at the maximum.
SFP is a wallet utility token, not a game of chance.
Maysir is gambling: gaining or losing by chance rather than through productive exchange. SFP has no gambling mechanics. Leveraged trading offered through the app is counted under business model and usage. No concrete problem with the token was found, so the criterion is at the maximum.
SafePal sells hardware wallets and wallet services, but its app also links to lending vaults and leveraged perpetuals.
This criterion asks how the issuer or ecosystem earns and whether that income is impermissible. The core business, hardware wallets and a self-custody app, is permissible. In September 2026 SafePal added Morpho-curated lending vaults to Earn and a Hyperliquid mini program with up to 50x leverage. Whether SafePal earns fees from these is not disclosed, so the criterion stays at pass, below the maximum.
Supply is fixed and fully circulating, but disclosure about the team, finances and audits is limited.
Gharar is excessive uncertainty or hidden information. All 500 million SFP circulate, so supply is clear. CryptoUmmah scores gharar 66.2/100 for limited transparency: co-founders unnamed in its sources, no financial disclosures and audits without verified details. CoinMarketCap shows a CertiK rating of 4.4/10. The criterion is at pass, below the maximum.
SFP is used for wallet perks and gas conversion; one use boosts yield in the Earn section.
This criterion looks at what the asset is actually used for. Most SFP uses, perks, airdrops, gas conversion and listing requests, are permissible. Staking SFP for a higher Earn APY ties it to lending-based yield, which a user should avoid. The criterion is at pass, below the maximum.
Fully paid spot SFP is available on exchanges and can be held in self-custody.
This criterion asks whether the asset can be owned in a permissible way. SFP trades spot with full payment and delivery on Binance and other exchanges and can be held in a self-custody wallet. The criterion is at the maximum.
SafePal helps users hold their own keys safely; a 2026 leak exposed customer order data but not wallets.
Maslahah weighs benefit against harm. Self-custody wallets protect users from custodial failures, a clear benefit. In August 2026 SafePal disclosed that order data of about 39,798 customers was accessed, which raises phishing risk, though no wallets or funds were affected. The criterion is at pass, just below the maximum.
How you can use it
Tap a card for the ruling and sourcesBuying SFP 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 SFP was found in the sources collected. A product that held SFP would be judged like spot; its structure would need checking.
SFP can be exchanged for gas tokens and used for perks on SafePal products. Paying for permissible services is acceptable.
SFP secures no network. SFP staking pays variable rewards and partner airdrops; staking to boost Earn rates links it to lending yield. Check the reward source before using.
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 SFP through exchange or DeFi lending programmes pays depositors interest from borrowers. This is riba.
SafePal Earn aggregates lending vaults and similar products; their return is interest-like, and boosting it with SFP does not change that.
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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