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Is Maker (MKR) halal?

Not halal

Best to avoid this one.

MKR

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Here's how we reached that verdict for the MKRUSDT spot pair on Binance, last checked 2026-04-23 (8 Dhul-Qa'dah 1447 AH).

Editorially reviewed🔒 Never paid by projectsLast reviewed 2026-04-23
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Verdict reasoning

Maker collects stability fees on DAI loans — direct riba mechanism. Token holders capture this interest revenue.

Four-gate breakdown

  • Riba (interest mechanism)Fail
  • Gharar (excessive uncertainty)Pass
  • Maysir (gambling structure)Pass
  • Haram-sector exposureFail

AAOIFI Analysis (Shariah Standard No. 21)

2 of 5 criteria met for MKR — expand for the breakdown.

  • Business model permissibility

    The project's core economic activity must be permissible — no dominant revenue from prohibited sectors.

    Derived from the haram-sector gate of the published four-gate screen.

    ✗ Fail
  • Underlying asset (utility vs pure speculation)

    The token must represent a defined, verifiable asset or utility rather than uncertainty traded for its own sake.

    Derived from the gharar gate of the published four-gate screen.

    ✓ Pass
  • Token sale structure (no riba)

    Issuance and protocol mechanics must not embed an interest mechanism or riba-bearing lending yield.

    Derived from the riba gate of the published four-gate screen.

    ✗ Fail
  • Governance (no gharar in operations)

    Supply schedule, settlement, and decision-making must be transparent enough to exclude excessive contractual uncertainty.

    Derived from the gharar gate of the published four-gate screen.

    ✓ Pass
  • Use case (halal industry only)

    The asset's dominant documented use must sit in permissible industries — no established haram-sector association.

    Derived from the haram-sector gate of the published four-gate screen.

    ✗ Fail

HalalCrypto's framework is AAOIFI-aligned; we do not hold certification from any single body. Verdicts are educational opinion — consult your local scholar for binding rulings.

Documented scholar positions

  • Islamic Finance Guru (IFG) — composite scholar review

    Rules impermissible

    Ruling date: 2023-09-01

These references are an editorial mapping of publicly published positions — not a per-coin fatwa issued for this asset. Consult your local scholar for binding rulings.

How to use this verdict

  1. Step 1

    Read the MKR verdict

    Start with the current HalalCrypto verdict for Maker (MKR) and the recorded review date.

  2. Step 2

    Check the four gates

    Review riba, gharar, maysir, and sector outcomes before relying on the headline status.

  3. Step 3

    Confirm the trading route

    Use spot-only holding or trading context. Exclude leverage, futures, margin, staking yield, and lending routes.

  4. Step 4

    Re-screen before trading

    Run MKR in the live screener before acting so stale or changed records are caught.

Halal alternatives to MKR

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Explore more verdicts

Also halal

Cleared for spot holding under the same four-gate screen.

Also not halal

Fails at least one gate — best avoided for spot holding.

Common questions

Is Maker (MKR) halal?
Per HalalCrypto's AAOIFI-aligned screen, Maker (MKR) is not halal. Maker collects stability fees on DAI loans — direct riba mechanism. Token holders capture this interest revenue.
Can I hold MKR spot on Binance?
Maker fails at least one of the four gates (riba, gharar, maysir, sector). HalalCrypto's screening pipeline blocks the asset from automated trading and recommends avoidance.
How often is the MKR verdict refreshed?
HalalCrypto re-screens every Binance spot symbol on a continuous schedule. The last review for Maker was 2026-04-23. Subscribe to verdict alerts to be notified the moment the status changes.

هذه العملة محرمة — لا نعرض إعلانات التداول على الأصول المحرمة

This asset is haram — we do not show trading ads for prohibited assets

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Type the symbol into the live screener for an up-to-the-minute verdict plus the four-gate breakdown. No signup needed.

HalalCrypto publishes verdicts as educational opinion drawn from HalalCrypto's AAOIFI-aligned framework and screened public scholar references. Verdicts are not personal advice. Always consult your local scholar for binding rulings.