Coin verdict · DeFi / stablecoin · Updated 2026-04-26
Is MakerDAO (MKR) halal?
MakerDAO mints DAI, an over-collateralised stablecoin, and operates the Maker Protocol. MKR is the governance token. The protocol charges Stability Fees (interest) on DAI minted against collateral, and earns yield on collateral parked in real-world-asset (RWA) Treasury exposures. Per our framework, primary protocol revenue is interest income (riba), so MKR is excluded.
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Verdict
Per AAOIFI-aligned framework, our screening shows: Per AAOIFI-aligned framework, our screening excludes MKR — primary protocol revenue is interest income (riba).
Our framework uses an AAOIFI-aligned methodology, with Saudi Permanent Committee for Scholarly Research and Ifta and leading Saudi Islamic banks guidance.
Gate-by-gate analysis
Riba (interest)
FailMakerDAO's primary protocol revenue is Stability Fees (a borrowing interest rate) and RWA Treasury yield (US Treasury interest). Both are structurally riba.
Gharar (uncertainty)
PassAsset specifications, supply schedule, and on-chain settlement are publicly verifiable. Spot ownership transfers cleanly with no embedded contingent payoffs.
Maysir (gambling)
PassSpot purchase is direct ownership of a defined asset, not a wager. Our bot never places leverage, futures, perpetuals, options, or margin trades — eliminating the maysir vector at execution.
Haram-sector exposure
FailStablecoin minting via interest-bearing collateral and US Treasury exposure — structural riba.
Liquidity
PassMKR has sufficient liquidity, but liquidity does not rescue structural riba exposure.
Final verdict
Per AAOIFI-aligned framework, our screening excludes MKR — primary protocol revenue is interest income (riba).
Caveats and notes
- Stability Fees are a borrowing interest rate.
- RWA Treasury exposure adds direct US Treasury yield.
- DAI itself is not the token under screening here; this verdict is on MKR governance specifically.
FAQs about MakerDAO
›Is MakerDAO (MKR) halal?
Per AAOIFI-aligned framework, our screening excludes MKR. Protocol revenue is interest income (riba).
›Is DAI halal?
DAI is a separate screening — backing collateral matters. Many subscribers choose to avoid DAI for the same reason MKR is excluded.
›Why is MKR excluded?
Primary protocol revenue is Stability Fees (interest) and Treasury yield.
›Which tier trades MKR?
None. Excluded.
›Will the verdict change?
Only if the protocol's revenue model changes structurally.
Further reading
- AAOIFI-aligned screening
Our framework follows AAOIFI standards, with Saudi Permanent Committee and leading Saudi Islamic bank guidance.
- Halal trading strategy
Asymmetric multi-X targeting (3% in 4h, 5% in 1h, pyramid). No scalping, no leverage.
- Is crypto halal?
The full Shariah picture — riba, gharar, maysir, and how spot trading earns a permissive verdict.
- Halal crypto vs halal stocks
Where crypto fits next to halal equity portfolios — volatility, liquidity, and screening differences.
- Best halal cryptocurrencies 2026
Our 2026 verdict list — coins that pass our AAOIFI-aligned framework today.
Last updated 2026-04-26. Author: HalalCrypto Research Team. Information only — not financial or Shariah advice. Make your own taqlid choice.