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Is Quant (QNT) halal?

Questionable

No condition fails, but 2 points remain to be verified or fall under a tolerated case.

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

ERC-20 token of the Quant / Overledger interoperability network (gateway between blockchains and banking systems) Issuer: Quant Network Ltd (London, company No. 09798383, incorporated in 2015), led by Gilbert Verdian; initial token sale in 2018.

Ethereum token deployed in April 2018. According to Quant, it is used to pay for access to its services (Overledger license, as an alternative to fiat currency) and, since July 2025, to stake network nodes on Quant Fusion. Declared supply: 14,612,493 QNT after a burn in September 2018; the contract keeps a mint function under the key of one address.

Why this verdict

  1. Permissible purpose : met. QNT has a use described by the issuer: payment for access to Quant services (as an alternative to fiat currency, according to the 2024 terms) and staking of nodes on the Quant Fusion network (July 2025). The terms are more than 18 months old (see gaps).
  2. No riba : met. No page read promises a yield for simply holding QNT. A reward is granted only to node operators who stake QNT, depending on network activity (source and rate not documented); staking is treated separately.
  3. No gambling : met. The spot purchase is of an ERC-20 token recorded on Ethereum, transferable between addresses and assigned to described uses; it is not a contract on a price difference.
    • « "symbol":"QNT","total_supply":"45467000000000000000000000","type":"ERC-20" » Blockscout (jeton) (2026-10-07)
  4. No excessive gharar : to be verified or tolerated case. The declared supply (14,612,493 QNT after the burn of September 14, 2018) is published, but the contract displays a fixed supply of 45,467,000 QNT and its mint function remains under the key of an address with no code, which Blockscout alone labels as the former Quant deployer; no text read says this key is destroyed, and the company's allocation and its release schedule were not read.
    • « This is what is immutable in the smart contract showing the maximum of what could have been minted during the TGE. » Quant (compte X officiel @quantnetwork) (2018-09-24)
    • « Quant Token Burn Completed 14th September 2018. [Total Supply: 24,158,259.031815372 QNT] [Public/Circulation: 9,964,259.03181537 QNT] » Etherscan (token page) (2026-10-07)
  5. Real ownership : met. QNT is a standard Ethereum token (address 0x4a22…4675, confirmed by CoinGecko and Etherscan): it can be held in a personal wallet and added to MetaMask; no condition of deposit with an intermediary in the pages read (exchange where it can be bought not studied).
  6. No fraud or manipulation : to be verified or tolerated case. No sanction or deception toward buyers was found; only one signal of rule A.8 is established, the mint right (scan and code agree), with no honeypot, tax, freeze, upgradeable code or high concentration outside exchanges (7.8%): a single signal gives “to be verified”.

Contract security scan

GoPlus security scan of the QNT contract on Ethereum: 183,662 holders; top ten wallets excluding exchanges and contracts 7.8%; code published. Signals found: Mint right: the supply can be increased by the contract owner (is_mintable). Reading: one A.8 signal (mint right, exercised by a key and not by a regulated issuer), no other; a single signal = c6 to be verified. GoPlus's “owner” is the Crowdsale contract 0x398e41ac3d5972b4bac2320cd130c7a25ca446f7.

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