Back to Assets

Not available to buy here. This asset's network isn't supported by our routing provider yet, so it can't be swapped here.

Update
Provenance Blockchain

Is Provenance Blockchain (HASH) Halal or Haram?

AI Assisted Shariah Verdict
Last Update: 8/7/2026
Halal

SUMMARY

Provenance Blockchain is a neutral Layer 1 network. Its native token, HASH, is used for permissible utilities such as gas, governance, and network-security staking, with revenue derived entirely from transaction fees.

0
SHARIAH
0
LEGITIMACY
0
PEOPLE

Verdict by Activity

How you can hold and use HASH

Buy & Hold

Halal

Provenance is a neutral Layer 1 blockchain where the native token is used for gas, staking, and governance, with revenue derived purely from transaction fees.

Native Staking

Optional
Halal

Holders delegate HASH to validators to secure the network and receive a proportional share of transaction fees.

Shariah Component Breakdown

Shariah Analysis

Infrastructure — where it runs

Passed

Provenance is a public, proof-of-stake Layer 1 network built on the Cosmos SDK, serving as neutral general-purpose infrastructure.

Application — what it does

Passed

The protocol operates as a base Layer 1 network and does not natively lend or operate interest-bearing products. While it is heavily used by Figure Technologies for interest-bearing loans, providing general-purpose infrastructure does not constitute operating a non-compliant business.

Asset — what you own

Passed

HASH is used for transaction fees, governance, and native PoS network-security staking, which are permissible utilities.

Property Status (Māl)

Passed

HASH is a native protocol position with established adoption, ascertainable supply, and self-custody transferability. The native token cannot be frozen by discretionary authority.

Revenue Purity

Passed

Protocol revenue is derived entirely from transaction and gas fees with no problematic share identified. The foundation's treasury interest exposure is unknown, which is noted for monitoring but does not affect token revenue purity.

Legitimacy & Security

project audits

Caution

Security information is found, but the research does not name a completed audit by an independent auditor.

social presence

Caution

Not covered by research.

whitepaper

Passed

Official documentation and tokenomics are available.

Team & Ecosystem

team background

Caution

Not covered by research.

Detailed Shariah Report

Overview

Provenance Blockchain is a public, Layer 1 network designed specifically for the financial services industry to originate, finance, and trade real-world assets. Its native token, HASH, is used to pay transaction fees, participate in governance, and secure the network through proof-of-stake validation.

Why This Verdict

The verdict to permit this asset is based on a three-layer Shariah screen evaluating its infrastructure, application, and the asset itself; a failure at any layer would fail the entire asset. Holding HASH is considered Halal because Provenance operates as a neutral Layer 1 infrastructure, and the base protocol does not natively engage in lending or interest-bearing activities. While third parties build interest-bearing applications on top of it, hosting other people's applications on a neutral network does not taint the native asset. Furthermore, HASH qualifies as recognized digital property (Mal) because it is an exclusive, protocol-recognized right of control that presently exists on-chain, has an ascertainable supply, is self-custody transferable, and carries a lawful use. Beyond simply holding the asset, the opt-in Native Staking mechanism is also Halal. Holders can delegate their HASH to validators to secure the network and, in return, receive a proportional share of the network's transaction fees, which is a permissible source of yield.

Permissible Aspects

  • The protocol generates 100 percent of its revenue from permissible transaction, gas, asset registration, and messaging fees.
  • HASH has clear utility for paying network fees and participating in decentralized governance.
  • The native proof-of-stake staking mechanism rewards users with actual transaction fees rather than relying on inflationary token issuance.
  • A deflationary burn mechanism uses a portion of fees to buy and burn HASH via on-chain auctions, benefiting holders without introducing prohibited financial mechanics.

Points of Caution

  • !While the base network is neutral, it is heavily used by third parties like Figure Technologies to originate interest-bearing loans and issue interest-bearing stablecoins. Providing general-purpose infrastructure is permissible, but investors should be aware of the network's primary real-world use cases.
  • !The Provenance Blockchain Foundation's treasury composition is not publicly disclosed, meaning it is unknown if they earn conventional bank interest on their reserves. However, this potential interest does not flow to HASH holders.
  • !Although the native HASH token cannot be frozen, the protocol's Marker module allows issuers of other assets on the chain to implement discretionary freeze or blacklist functions.

Purification Note

Not applicable. Because 100 percent of the protocol's revenue comes from permissible transaction fees and no impure income flows to HASH holders, simply holding or staking the token requires no purification.

BOTTOM LINE

Provenance Blockchain is a neutral Layer 1 network whose native token, HASH, derives its value and yield entirely from permissible transaction fees. While third-party companies heavily use the network for conventional financial products, the base protocol itself remains a compliant, general-purpose infrastructure. As always, final religious authority on investment permissibility rests with a qualified Shariah scholar.

How this verdict was reached

This is not an opinion issued by ShariaQuant. It is the output of a documented screening methodology applied to researched facts about Provenance Blockchain (HASH), and every row above states the specific evidence that drove it — so the reasoning can be examined rather than taken on trust.

The framework screens three layers — the infrastructure an asset runs on, the application it serves, and the asset itself — and separately tests whether the token qualifies as recognised property (māl): that it presently exists, has an ascertainable supply, can be held and transferred, and carries a genuine lawful use. A failure at any single layer fails the asset.

Revenue-purity thresholds follow the AAOIFI screening standard: non-compliant income below 5% of revenue is tolerated and purified, while 5% or above fails the screen.

The framework follows published scholarship rather than in-house opinion. Treating a digital asset as a right (ḥaqq) that becomes recognised property (māl) only on stated conditions follows “Is Crypto Halal? The Definitive Shariah Guide to Crypto and Digital Assets” by Mufti Faraz Adam (Amanah Advisors, 2026), which reproduces the conditions identified by Mufti Taqi Usmani. Financial thresholds follow the AAOIFI screening standard. The rulings we track are collected in the fatwa library.

AAOIFI has not reviewed, approved or endorsed this report or ShariaQuant, and no scholar named in our methodology has reviewed this individual verdict. This is analysis, not a fatwa — final religious authority rests with a qualified scholar.

Asked alongside this

Short answers from the ShariaQuant team.

Is day trading halal?Is short selling halal?Is swing trading halal?Is scalping halal?
All answers

Knowing it passes is the easy half

Provenance Blockchain passing the screen does not tell you how to buy it without leverage, how much of your portfolio it should be, or when to sell. The free module covers the fiqh those decisions rest on.

Start the free module Ask about HASH in the community

Both are free. The module includes the community — no card required.