Halal Bourse

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Is Polkadot (DOT) halal?

Permitted

The six conditions are met for a spot purchase.

Verdict calculated by Halal Bourse's published rules from an investigation of primary sources (project documentation, registers, decisions), conducted on 10/05/2026 and not reviewed by a human.

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The asset

Native currency of the Polkadot network (a network of blockchains linked to a central chain, nominated proof of stake) Issuer: No single issuer: the MiCA white paper names the Web3 Foundation (a Swiss foundation); the network was designed by Gavin Wood, co-founder of Parity Technologies, and launched in May 2020.

DOT is used to vote in network governance, to stake in order to secure the network and earn rewards, and to buy computing time (Coretime) and blockchain identifiers. The supply has been capped at 2.1 billion DOT since referendum 1710; the issuance of new DOT decreases every two years starting March 14, 2026.

Why this verdict

  1. Permissible purpose : met. DOT is the currency of a general-purpose network: governance, staking, and the purchase of computing time and blockchain identifiers. No impermissible purpose appears in the sources read.
  2. No riba : met. Simple holding pays no interest: the token confers no right to any dividend, profit or income; rewards are DOT created by the protocol for validators and nominators who stake their DOT.
  3. No gambling : met. A spot purchase covers a token recorded on the network's central chain, transferable by signature; it is not a contract on a price difference.
  4. No excessive gharar : met. The cap (2.1 billion), the decreasing issuance schedule (referendum 1710) and the absence of a central issuer are documented; the total supply read on-chain on October 5, 2026 is about 1.706 billion DOT. Circulation figures vary from one source to another (1.6 billion on the wiki, 1.64 billion as of December 5, 2025 in the prospectus).
  5. Real ownership : met. DOT is held with a private key and transferred from one address to another without an intermediary; only staked DOT is locked, for a 28-day unbonding period.
  6. No fraud or manipulation : met. The 100 largest wallets held about 77% of circulating DOT at the time of Grayscale's filing (August 29, 2025), a share that probably includes exchanges and contracts, not broken down. In 2022, the Web3 Foundation announced, after three years of discussions with the SEC, that DOT, originally sold as a security, no longer is one; no SEC decision was found. No sanction targeting the project was found, but I-SCAN could not be read. Halal Bourse rule (October 6, 2026): holder concentration, an accusation that went nowhere or an abandoned complaint are information, not established fraud; the condition is treated as met as long as no sanction or deception of buyers is found.
  7. Réseau ouvert et généraliste : met. un outil neutre

Tolerance case

T1. DOT is the native currency of an open general-purpose network: holders vote on governance and can propose protocol changes. In practice, a caveat: heavy holder concentration (see c6). No share of an issuer's impermissible income is published: case T2 cannot be quantified.

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