Is Flying Tulip (FT) halal or haram?
Not screened yet
We have not run our Shariah screening on Flying Tulip yet, so we are not giving a ruling on this page. What is below is what we have gathered and checked ourselves, without any AI: where the coin lives, its supply, what its own blockchain says about who can freeze or create coins, and the project's own documents.
What it is
One integrated DeFi system for lending, yield, and trading.
The basics
- Where it lives
- token on ethereum (also on sonic, binance-smart-chain, base, avalanche)
- Circulating supply
- 488,203,810 FT
- Maximum supply
- 847,119,330 FT
- Category
- Decentralized Finance (DeFi), BNB Chain Ecosystem, Derivatives
What it runs, and where its revenue goes
Per DefiLlama on 2026-09-22, Flying Tulip runs 3 product lines: Flying Tulip Yield (Services, $132K in fees over 30 days); Flying Tulip Lend (Lending, $12K in fees over 30 days); Flying Tulip ftUSD (Yield Aggregator, $2K in fees over 30 days).
Per DefiLlama on 2026-09-22, no revenue reached Flying Tulip token holders in the last 30 days.
Figures from DefiLlama. Whether any of this income is permissible is part of our screening.
Who controls the coins
Read from the token's verified contract on Ethereum (0x5dd1a7a369e8273371d2dbf9d83356057088082c) on 2026-09-22: it has setPaused (held by a 3-of-5 multisig wallet (0x1118…70cb)); what these allow is checked at screening.
Whether anyone can freeze a holder's balance, or create new coins, is part of our screening. This much is read straight from the blockchain, so it is already established before any screening runs.
The project's own sources
Checked on 22 September 2026. Every address above was fetched once to confirm it loads.