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Is Aster (ASTER) halal?

Prohibited

1 condition out of six fails.

Verdict calculated by Halal Bourse's published rules from an investigation of primary sources (project documentation, registers, decisions), conducted on 10/07/2026 and not reviewed by a human.

Open the evidence file

The asset

Token of the Aster decentralized perpetual contracts platform (BEP-20 on BNB Chain): staking on Aster Chain, listing votes, spot fee discount, recipient of fee buybacks Issuer: Not identified: the MiCA white paper filed in Germany (drafted by Crypto Risk Metrics GmbH, notification of January 9, 2026) states that no natural or legal person can be identified as the issuer and that the project publishes no responsible legal entity; the CEO “Leonard” is a pseudonym (IQ.wiki); the site's terms of use name no operator.

ASTER is a BEP-20 token with a maximum supply of 8 billion (contract 0x000Ae314E2A2172a039B26378814C252734f556A). It is staked with Aster Chain validators (an L1 dedicated to perpetuals), carries weight in market listing votes, and gives a 5% discount on spot fees. Since June 17, 2026, 99% of the platform's daily fees are used to buy back ASTER, which is distributed to stakers, and an equal amount is burned from the reserve until total supply reaches 3 billion. CoinMarketCap as of October 7, 2026: circulating supply 2.70 billion, total supply 7.79 billion, rank 47.

Why this verdict

  1. Permissible purpose : to be verified or tolerated case. ASTER has documented functions (staking, weighted voting on market listings, fee discount, distribution of buybacks to stakers), but all of them operate within a platform whose purpose is trading leveraged perpetual contracts, which generates nearly all of the fees (see the tolerance) and funds the buybacks. The token has no use outside this platform. The main purpose of the token depends on the reading adopted: a token with real functions (A.8) or the token of a perpetuals platform.
    • « Aster is a privacy-focused decentralized exchange, offering perpetual markets on crypto, stocks and commodities, and more commonly known as a perp DEX. » Aster (documentation) (2026-10-07)
    • « a core asset that secures the network, decentralizes governance, drives growth, rewards participation » Aster (documentation, jeton ASTER) (2026-10-07)
  2. No riba : met. Holding ASTER pays nothing by itself. Staking (a separate product, see autres_constats) distributes protocol emissions and, since June 17, 2026, the ASTER bought back with the platform's fees; these are not interest on a loan. Aster's lending or leverage products (perpetuals, Earn products) are products built alongside the token.
  3. No gambling : met. The spot purchase is of a transferable BEP-20 token with a published maximum supply; it is not a perpetual contract, a separate product of the platform that is a leveraged bet on a price difference (see the tolerance).
  4. No excessive gharar : to be verified or tolerated case. The maximum supply and the allocation are published, and the contract has no minting function and no owner according to the scan. However, no issuer or operator is identified: the MiCA white paper states that no legal entity responsible for issuance and governance is published, and the CEO is a pseudonym. The reserve burned in parity with the buybacks (team allocation burned first) and the 7% treasury are managed by an unidentified structure; the control addresses were not read on the explorer. Under A.8, the anonymity of a party that controls the treasury would cause the condition to fail: point left to Halal Bourse.
  5. Real ownership : met. ASTER is a BEP-20 token held in a personal BNB Chain wallet. Staked tokens are locked for the chosen duration (up to 208 weeks) and cannot be withdrawn without penalty before the end of the term: this is a staking product, not the spot purchase.
  6. No fraud or manipulation : to be verified or tolerated case. No deception toward ASTER buyers is established, and the contract scan reports no signal. However, the AMF added www.asterdex.com to its blacklist of crypto-asset derivatives on February 27, 2026: a reason unrelated to the sale of the token (offering derivatives to the French public without authorization). In October 2025, DefiLlama removed Aster's perpetuals volumes because it could not rule out wash trading; the accusation was not established (see autres_constats).
  7. Revenus illicites de l'émetteur : not met. 96,8 %, au-dessus du seuil de 5 %

Tolerance case

T2 · share of impermissible income: 96.8%. The Aster platform's revenue comes almost entirely from leveraged perpetual contracts (up to 1001x in simple mode). According to DefiLlama (reading of October 7, 2026), Aster Perps fees over twelve months are $233,099,297; the Aster Spot line is at zero (spot fees not tracked), but its twelve-month volume ($18.90 billion) multiplied by the maximum published spot commission (0.04% on the taker side) gives at most $7.56 million in spot fees. The share from perpetuals is therefore at least 233.1 / (233.1 + 7.6) = 96.8% (calculation, lower bound). These fees fund 99% of the ASTER buybacks (since June 17, 2026): the share is attached to the token through these buybacks. Share established with an aggregator source, not a primary one (see lacunes).

Contract security scan

GoPlus security scan of the ASTER contract on BNB Chain: 266,510 holders; top ten wallets excluding exchanges and contracts 7%; code published; no honeypot, no minting, no proxy, no freeze power, no owner. No signal found: nothing to read under A.8. GoPlus's unlocked-liquidity flag only applies to a small token launched on a decentralized exchange, which is not the case here.

Opinions found during the research

Opinions reported as read, named for what they are; they do not enter into the calculation of the verdict.

What could not be verified

Sources read

Other cryptos analyzed

General information: neither investment advice nor a fatwa. Verdict calculated by published rules, from financial statements read automatically and not reviewed by a human. Read the methodology