What's changed
ShariaQuant
Changes to plans, research credits and limits are recorded here on the day they take effect. If something you were using changes, this is where it is written down.
22 coins screened again, and 20 now pass as Halal
See the updated verdicts →Since the freeze change below, we have screened 22 coins again with the updated research. 20 of them moved from Doubtful to Halal. For most, the only problem was a power someone holds over the coin, such as freezing it or creating new coins at will. That power is now shown to you in red under Holder risks instead of being counted against the coin.
Now Halal: Tether (USDT), USDC, BNB, EURC, PayPal USD (PYUSD), Ripple USD (RLUSD), USDtb, Arbitrum (ARB), Sui (SUI), ANyONe Protocol, Kite, Auki, The Graph (GRT), Akedo (AKE), AEON, Ethereum Name Service (ENS), c8ntinuum (CTM), Messier (M87), Spectre AI and Unibase (UB). Venice (VVV) was already Halal and stays Halal.
Trust Wallet (TWT) stays Doubtful, now for a different reason: its app offers leveraged perpetual futures trading. The next entry explains why that counts.
Where Mufti Faraz Adam has published an SRB assessment of a coin, these verdicts are aligned with it, until further notice. He has not reviewed or approved ShariaQuant. If his rulings change, our verdicts change with them. More coins are being screened again one at a time.
Leveraged trading inside an app now counts against its coin
The first coin it affected: Trust Wallet →Some wallets and apps now let you trade perpetual futures with leverage from inside the app, often through another company's exchange. Our research could miss a feature like this, because it only asked about lending, gambling and banned industries.
From 1 October, a leveraged trading feature a project offers its own users counts as one of its lines of business. Where it is a side product and none of its income reaches token holders, the coin is rated Doubtful. It fails only where the project's own figures show it is the main business, or where it is the project's main product.
Revenue estimates from outside trackers can't decide this on their own, because they only count the fees they can see on-chain and miss income such as card and bank purchases.
A token tied to an exchange is judged on where the money goes
See the BNB report →Some tokens are issued or run by a company whose other business includes margin trading, futures or interest-bearing products, the way BNB is tied to Binance. Being tied to such a company no longer makes a token Doubtful on its own. The report now names the company and what it runs.
A token still fails where that company's non-compliant income flows into it, for example when exchange profits from margin or futures pay for buying back and burning the token. Where the research can't trace where the money goes, the token stays Doubtful.
This follows Mufti Faraz Adam's published SRB assessment of BNB, until further notice.
Holder risks read from the token itself, and fewer dead links
For tokens on Ethereum and similar networks, we now read more of the token's own code. A blacklist or a power to block a holder shows up under Holder risks even when the project's documents don't mention it, together with who holds it.
A stablecoin that its issuer creates on request, with no published cap, is now shown as one whose supply the issuer controls. Two coins from the same issuer used to read differently.
When a page the research cited turns out to be dead, we now check the answer against another page the same research already read, instead of treating the fact as unknown.
A freeze power no longer marks a coin down
What a freeze means for you →Some coins can be frozen by the company that issues them, or by the network they run on. Until September, that alone made our screen rate a coin Doubtful. It doesn't any more. We still research and quote every such power, and each coin that has one shows it in red under Holder risks on its report.
This follows Mufti Faraz Adam's published SRB assessments. He has not reviewed or approved ShariaQuant; we use his published work as our basis, until further notice.
USDT and USDC have been screened again under the new rule and now pass as Halal. The other affected coins are being screened again one at a time.
Course prices now follow your country
See your price →The courses used to cost the same everywhere, which meant they cost a fortnight of wages in some countries and an afternoon of them in others. They are now priced in three bands set against national income, across 224 countries.
Foundations is $49, $24 or $14 a month depending on where you are, and Premium is $99, $49 or $29. There is no code to enter and nothing to claim — open the pricing page and it already shows your price.
The AI plans are unchanged and stay the same price worldwide. A research run costs us the same wherever it is run from, so a regional discount there would mean selling below what it costs to produce. Affordability on the AI side is handled with a cheaper tier instead.
A failed research gives your credit back
A research costs one credit, and it is taken before the work starts. Until today, if that run then failed or ran out of time, the credit was spent and you had nothing to show for it.
It now comes back on its own. When a research fails, the credit returns to your account straight away and the message on screen tells you it has.
We also raised the time limit on each stage of a research. The model behind it has become slower and more thorough, and a stage that ran long was being cut short and started again, which made runs feel slow and occasionally lost them outright. That is fixed.
AI research is now on the paid plans
The free monthly research allowance has stopped refreshing. Every Shariah verdict we publish stays free to read in full, with its evidence, and no account is needed for it. What is on the paid plans is running a new research yourself.
Nothing was taken from anyone mid-month, and any credit you had already been given is still yours to spend.