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Is Chainlink (LINK) 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.

Open the evidence file

The asset

Token of the Chainlink oracle network (data and cross-blockchain interoperability), issued on Ethereum (ERC-677) Issuer: SmartContract.com, now Chainlink Labs, founded in 2014 by Sergey Nazarov and Steve Ellis; the Chainlink Foundation supports the network.

LINK is used to pay for Chainlink network services, to compensate node operators and to be staked. 1.0 billion LINK were created at launch; no more can be created, according to the Grayscale fund's SEC filing (March 2026).

Why this verdict

  1. Permissible purpose : met. LINK is used to pay for the Chainlink network's oracle and interoperability services and to compensate its node operators: real use described by the official documentation. The applications that use this network are listed in autres_constats.
    • « The LINK token is the native digital asset of the Chainlink Network. It serves as the standard unit of payment for Chainlink services » Chainlink (documentation) (2026-10-05)
    • « LINK is the standard unit of compensation to network service providers, such as node operators, for successfully facilitating Chainlink services. » Chainlink (documentation) (2026-10-05)
  2. No riba : met. The documentation provides no yield for simply holding. Rewards go only to those who stake their LINK (4.5% per year floor for the community pool, possible slashing of the stake for operators); this product is covered in autres_constats.
    • « In exchange for helping secure the network, stakers receive staking rewards. » Chainlink (documentation) (2026-10-05)
    • « base floor reward rate of 4.5% per year in LINK for helping secure the Chainlink Network » Chainlink (staking) (2026-10-05)
  3. No gambling : met. The spot purchase is of a token recorded on Ethereum (ERC-677 standard), with a fixed supply and transferable between addresses; it is not a contract on a price difference.
    • « The LINK token is an ERC-677 token that inherits functionality from the ERC-20 token standard and allows token transfers to contain a data payload. » Chainlink (documentation) (2026-10-05)
    • « Max Total Supply 1,000,000,000 LINK » Etherscan (2026-10-05)
  4. No excessive gharar : met. The supply (1 billion, with no possibility of creating more) and its initial allocation (35% sale, 35% operators and ecosystem, 30% company) are published, along with the staking rules (withdrawal after 28 days). The release schedule for the company and operator allocations was not read (see gaps).
    • « 1.0 billion LINK were created in connection with the launch of the Chainlink Network. No additional LINK can be created. » SEC (10-K Grayscale Chainlink Trust) (2026-03-12)
    • « Node Operators Pool: 350 million LINK, or 35% of the supply, was reserved for node operators and for ecosystem rewards to fund any further development. » SEC (10-K Grayscale Chainlink Trust) (2026-03-12)
  5. Real ownership : met. LINK is a standard Ethereum token: it is held at a personal wallet address (can be added to MetaMask) and can be transferred to other blockchains. No requirement to deposit with an intermediary appears in the pages read; the choice of purchase platform was not studied.
    • « The LINK token was originally issued on the Ethereum blockchain and can be securely transferred cross-chain by using Chainlink CCIP » Chainlink (documentation) (2026-10-05)
    • « Add Token to MetaMask (Web3) » Etherscan (2026-10-05)
  6. No fraud or manipulation : met. No sanction or legal action against the issuer or the token was found; the AMF blacklist returns no result for “chainlink” and the founders are named. Still open: concentration (Grayscale states that as of December 31, 2025, the 100 largest wallets hold about 91.4% of circulating LINK, including pooled exchange wallets) and the IOSCO I-SCAN list, which was inaccessible (not read). Halal Bourse rule (October 6, 2026): holder concentration, a dismissed accusation or a withdrawn complaint is information, not established fraud; the condition is considered met as long as no sanction or deception of buyers is recorded.

Contract security scan

GoPlus security scan of the LINK contract on Ethereum: 922,485 holders; top ten wallets excluding platforms and contracts: 4.2%; published code; token on GoPlus's trust list. No signal of honeypot, minting, tax, freezing or modifiable code. Reading: no signal: rule A.8 identifies no rug pull risk.

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