Starknet
STRK#113STRK is the token of Starknet, an Ethereum layer-2 network that uses zero-knowledge proofs to make transactions cheaper.
- Market cap
- $318.53M
- Volume 24h
- $51.18M
- All-time high
- —
- Circulating supply
- 7.42B
Passes our 8 Shariah criteria. Needs caution: interest (riba), excessive uncertainty (gharar), and usage.
- 5 pass
- 3 caution
- 0 fail
Verdict history
- HalalCurrent
First publication
Fundamentals, market picture and news will appear here.
Halal analysis
Can a Muslim hold Starknet?8 Shariah criteria
5 pass · 3 caution · 0 failStaking pays newly minted STRK for locking STRK or wrapped bitcoin, while staking is not yet part of consensus and carries no slashing, so the return is close to passive.
Riba means interest or any guaranteed increase on a loan. Holding STRK pays nothing, and staking is not a loan. But the Starknet docs say staking is not yet part of consensus (phase two of four, with StarkWare still running the sequencers), validators that fail to attest simply earn nothing for the epoch, and no slashing is described. Delegators share rewards without doing any work, and holders of wrapped bitcoin can lock it to earn STRK, a return paid for depositing another asset. A largely risk-free, passive return of this kind raises a concern close to riba.
CryptoUmmah sees staking as performance-based rather than interest-like. Given these concrete features, the criterion is caution.
STRK is needed to pay every transaction fee on a working layer-2 network.
Mal is property that Islamic law recognises as having value and that can be owned and traded. Since September 2025 all Starknet transaction fees are paid in STRK, and the network secured about $459 million on 1 October 2026 (L2BEAT). STRK is therefore a working utility token, not an empty record. No coin-specific limit on STRK's usefulness was found, so the criterion gets the maximum score; the general disagreement among tier-1 bodies about cryptocurrency is reflected in confidence.
STRK is not a gambling token, but most of its trading volume is in perpetual futures.
Maysir is gambling: winning or losing by chance rather than through productive exchange. STRK has no chance-based payout and a real fee role. On 1 October 2026 perpetual futures were about 82% of STRK/USDT volume on Binance and Bybit combined (single-day snapshot). The futures dominance lowers the score within pass.
The network earns transaction fees for processing and proving transactions, a permissible service.
This criterion asks how the protocol earns. Starknet charges transaction fees in STRK for executing transactions and proving them on Ethereum; CryptoUmmah describes the core protocol as cost-recovery infrastructure with no interest-bearing mechanism. No impermissible income stream of the protocol itself was found, so the criterion gets the maximum score.
A Security Council can upgrade contracts instantly with no exit window, StarkWare controls the sequencers, and insider unlocks run to March 2027.
Gharar is excessive uncertainty or hidden information in a deal. Allocation, unlock schedule and the staking formula are published. But L2BEAT flags a critical risk: a 9-of-12 Security Council can upgrade core contracts with no delay, so users have no window to exit before an unwanted upgrade, and funds could be stolen through a malicious upgrade. Starknet's five sequencers are permissioned and controlled by StarkWare, with no general way to force a transaction in.
Early contributors and investors, who received 38.21% of supply, keep unlocking up to 127 million STRK a month until 15 March 2027. These are concrete uncertainties for holders, so the criterion is caution.
About half of the money deposited in Starknet applications sits in a perpetual futures exchange.
This criterion looks at what the network is actually used for. Starknet is general-purpose infrastructure, but by Liberandum's sum of DefiLlama data on 1 October 2026 derivatives held about 50% of the roughly $237 million in Starknet DeFi, almost all of it in the Extended perpetuals exchange; BTC staking pools held about 21% and lending about 5.5%. A dominant share of activity in leveraged derivatives is a concrete problem, so the criterion is caution. The breakdown comes only from a secondary aggregator.
Fully paid spot STRK is widely available and can be held in one's own wallet.
This criterion asks whether the asset can be owned in a permissible way. STRK trades spot with full payment and delivery on major exchanges such as Binance and Bybit and can be withdrawn to a self-custody wallet on Starknet or Ethereum. Ownership does not depend on derivatives, so the criterion gets the maximum score.
Starknet makes Ethereum cheaper to use with strong cryptographic proofs; no concrete harm specific to STRK was found.
Maslahah weighs public benefit against harm. Starknet lowers the cost of Ethereum transactions and proves their correctness with STARK proofs, and it is building privacy tools with compliance auditability. No study found links STRK specifically to fraud, sanctions evasion or exploitation at scale. Derivatives-heavy use is counted under usage, not again here, so the criterion gets the maximum score.
How you can use it
Tap a card for the ruling and sourcesBuying STRK with full payment and immediate delivery is widely available, and tokens can be moved to a self-custody wallet. Spot is acceptable for a HALAL-rated asset.
No spot STRK exchange-traded fund was identified in this review. Any fund must be checked separately for lending of the token and interest income.
STRK pays Starknet transaction fees but is not used as general money. Tier-1 bodies such as Indonesia's MUI rule that using cryptocurrency as currency is not permissible.
STRK staking pays newly minted STRK, but staking is not yet part of consensus and no slashing is described, so delegated staking is close to a passive return. Running a validator involves real attestation work. Staking wrapped bitcoin to earn STRK is a return for depositing another asset and is more doubtful.
Margin trading in STRK is never acceptable: it is a deferred exchange with borrowed money and leverage (AAOIFI SS 20).
STRK perpetual futures make up most of its trading volume, but futures, perpetuals and options always fail under AAOIFI SS 20: deferred exchange without delivery, usually with leverage.
Lending STRK on protocols such as Vesu or through exchange programmes pays depositors interest from borrowers. This is riba.
STRK yield products built on lending, leverage or basis trading pay interest or interest-like returns 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
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