Is FOLKS (FOLKS) halal or haram?
Not screened yet
We have not run our Shariah screening on FOLKS 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
Folks Finance is a crosschain decentralized finance (DeFi) protocol that enables users to supply, borrow, and manage digital assets across multiple blockchains from a single platform.
The basics
- Where it lives
- token on avalanche (also on polygon-pos, monad, binance-smart-chain, sei-v2, algorand, arbitrum-one, ethereum, base)
- Circulating supply
- 17,985,138 FOLKS
- Maximum supply
- 50,000,000 FOLKS
- Category
- Decentralized Finance (DeFi), BNB Chain Ecosystem, Lending/Borrowing Protocols
What it runs, and where its revenue goes
Per DefiLlama on 2026-09-23, Folks Finance runs 5 product lines: xALGO Liquid Staking (Liquid Staking, $69K in fees over 30 days); Folks Finance Lending (Lending, $50K in fees over 30 days); Folks Finance xChain (Lending, $23K in fees over 30 days); gALGO Liquid Governance (Liquid Staking); Ultraswap (Lending).
Per DefiLlama on 2026-09-23, no revenue reached Folks Finance 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 Avalanche (0xff7f8f301f7a706e3cfd3d2275f5dc0b9ee8009b) on 2026-09-23: it has mint (capped, held by an account we could not identify), setMinter (capped, held by an account we could not identify); what these allow is checked at screening. Its code can be replaced by whoever holds the upgrade power.
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 23 September 2026. Every address above was fetched once to confirm it loads.