Is Frax (prev. FXS) (FRAX) halal or haram?
Not screened yet
We have not run our Shariah screening on Frax (prev. FXS) 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
The Financial Engine of the Internet
The basics
- Where it lives
- token on ethereum (also on fantom, polygon-zkevm, moonriver, evmos, solana, harmony-shard-0, polygon-pos, binance-smart-chain, arbitrum-one, avalanche)
- Circulating supply
- 93,598,071 FRAX
- Total supply
- 99,681,496 FRAX
- Category
- Decentralized Exchange (DEX), Exchange-based Tokens, Decentralized Finance (DeFi)
What it runs, and where its revenue goes
Per DefiLlama on 2026-09-23, Frax Finance runs 6 product lines: Frax USD (RWA, $315K in fees over 30 days); Frax Ether (Liquid Staking, $236K in fees over 30 days); Fraxlend (Lending, $34K in fees over 30 days); Frax Swap (Dexs, $16K in fees over 30 days); Frax (Algo-Stables, $10K in fees over 30 days); BAMM (Lending).
Per DefiLlama on 2026-09-23, no revenue reached Frax 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 Ethereum (0x3432b6a60d23ca0dfca7761b7ab56459d9c964d0) on 2026-09-23: it has mint (held by an account we could not identify); 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 23 September 2026. Every address above was fetched once to confirm it loads.