Terra Classic

Staking rewards are variable payments for securing the chain, with slashing; delegators earn them passively, but nothing is lent and no new LUNC is minted.

Riba means interest or any guaranteed increase on a loan. Holding LUNC pays nothing. Validators secure the chain and can be slashed 5% for double-signing and 0.01% for downtime; holders who delegate to them share variable rewards without doing the work themselves. The mint module shows zero inflation, so rewards come from network fees and taxes rather than new coins. CryptoUmmah notes minor interest-like elements in rewards. Because delegation is protocol-level and passive, the score is set at 90 within pass.

LUNC is the fee and staking token of a working blockchain.

Mal is property that Islamic law recognises as having value and that can be owned and traded. LUNC pays fees and secures the Terra Classic chain, which was producing blocks at height 30,650,390 on 1 October 2026 with about 906.8 billion LUNC staked. The criterion gets the maximum score; the general disagreement among tier-1 bodies about cryptocurrency is reflected in confidence.

LUNC has no gambling mechanics, but its market is speculative and most trading is in futures.

Maysir is gambling: winning or losing by chance rather than through productive exchange. LUNC has no chance-based payout. Its market is driven largely by speculation on burns: on 1 October 2026 perpetual futures were about 79% of LUNC volume on Binance and Bybit combined (single-day snapshot), and CryptoUmmah scores LUNC's speculation risk as moderate. The futures dominance lowers the score within pass.

There is no company earning for holders; the chain collects fees and a burn tax.

This criterion asks how the issuer or protocol earns. Terraform Labs, the original company, no longer runs the chain. The network collects transaction fees and a 1.5% burn tax; part of the tax is burned and the rest supports network functions under the treasury parameters. The old UST stablecoin and its interest-paying Anchor protocol are no longer part of LUNC's economics. No current impermissible income stream was found, so the criterion gets the maximum score.

LUNC is used to pay fees, stake and vote on the Terra Classic chain.

This criterion looks at what the asset is actually used for. LUNC pays transaction fees, secures the chain through staking and votes on governance proposals. No impermissible primary use was found, so the criterion gets the maximum score.

Fully paid spot LUNC is available on major exchanges and can be held in one's own wallet.

This criterion asks whether the asset can be owned in a permissible way. LUNC trades spot with full payment and delivery, for example on Binance's LUNC/USDT pair, and can be held in a self-custody Terra Classic wallet. Ownership does not depend on derivatives, so the criterion gets the maximum score.

The chain still works for its users, but it is the remnant of a collapse that caused an estimated $40 billion of losses.

Maslahah weighs public benefit against harm. Terra Classic continues as a working, community-run chain. But it is the same chain on which the TerraUSD collapse wiped out an estimated $40 billion in 2022, much of it from ordinary holders, and its market today is driven largely by hopes of recovery through burns. The original harm was caused by Terraform Labs rather than the current community, so the criterion stays in pass, lowered for that concrete history.