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Is Hedera (HBAR) 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 10/07/2026 and not reviewed by a human.

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The asset

Native currency of the Hedera network (public distributed ledger with hashgraph consensus, consensus nodes reserved for members of a governing council) Issuer: Hedera Hashgraph, LLC; the network is governed by the Hedera Council (up to 39 organizations, 32 in April 2026); hashgraph technology was invented by Dr Leemon Baird and patented by Swirlds, Inc. (2016), which licenses it to Hedera; the Hedera Foundation received an endowment of 7 billion HBAR in December 2024.

HBAR pays Hedera network fees (rates set in dollars, settled in HBAR) and is used for staking delegated to consensus nodes. Supply is fixed: 50 billion HBAR created in August 2018 and placed in a treasury controlled by the Council, released gradually; about 43.3 billion in circulation in April 2026 according to the Canary HBAR ETF prospectus.

Why this verdict

  1. Permissible purpose : met. HBAR pays the fees for Hedera network services (transfers, tokens, contracts, messages); the use is described by Hedera and its documentation.
    • « HBAR, its native cryptocurrency, powers the network by paying fees priced in fixed USD and unlocking access to Hedera's full suite of services. » Hedera (2026-10-07)
    • « mainnet fees are paid in HBAR while testnet fees are paid in test HBAR » Hedera (documentation, frais) (2026-10-07)
  2. No riba : met. Holding HBAR pays nothing in itself. Staking is optional, with no lock-up, and its rewards come from an account funded by a share of network fees, with a maximum rate voted by the Council; no loan is involved. Staking is covered in autres_constats.
  3. No gambling : met. A spot purchase is of a network's native token, used to pay fees; it is not a contract on a price difference. The SEC and the CFTC classify HBAR among “digital commodities” (March 17, 2026).
  4. No excessive gharar : met. The fixed supply (50 billion), the treasury and its release rule (signature of a majority of Council members) are documented by the economic white paper (June 2020, more than eighteen months old) and the 2026 prospectus; the consensus nodes are all operated by Council members, who are identified organizations. The Council holds about 15% of supply (April 2026) and decides on the treasury: power over the treasury and issuance is concentrated, but no anonymous party was found.
  5. Real ownership : met. HBAR is held in a personal wallet (HashPack is described as a non-custodial wallet); staking does not transfer the tokens and does not lock them. The choice of purchase platform was not studied.
    • « HashPack is the leading non-custodial wallet serving as the primary gateway to Hedera's ecosystem. » Hedera (2026-10-07)
    • « Your account's entire balance is automatically staked to the selected node or account, and your HBAR remains liquid at all times. » Hedera (documentation, staking) (2026-10-07)
  6. No fraud or manipulation : met. No sanction or deception toward HBAR buyers was found: no SEC complaint naming HBAR (2023 complaints against Binance and Coinbase read), and no entry on the AMF blacklist. HBAR is classified as a “digital commodity” by the SEC and the CFTC in 2026, and the issuer, Hedera Hashgraph, LLC, appears in ESMA's MiCA register.

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