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Is Render (RENDER) 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

SPL token on Solana (formerly RNDR, an Ethereum ERC-20 token, converted since November 2023) of the Render network, a graphics and artificial intelligence compute marketplace between GPU owners and requesters; jobs are paid by burning RENDER in exchange for credits, and nodes receive emissions Issuer: Render Network Foundation, a non-profit organization based in the Cayman Islands, spun out of OTOY, Inc. in 2023 and in charge of protocol governance; the network was designed by Jules Urbach, founder and chief executive of OTOY, Inc., a company that also collects a 5% service fee on jobs according to DefiLlama's methodology. Advisory board named on the documentation site (Ari Emmanuel as spelled in the documentation, Mike Winkelmann, Brendan Eich)..

The conversion of RNDR (Ethereum) to RENDER (Solana) was voted by the community (RNP-002). Chain reading on October 7, 2026: the Solana token (rndrizKT3…) has a supply of 486.13 million RENDER, with mint and freeze authorities set; the legacy ERC-20 contract (0x6de037ef…) shows a supply of 533.54 million RNDR (the relationship between the two supplies is not established and they must not be added together). CoinMarketCap data of October 7, 2026: rank 66, price of $2.01, 518.8 million RENDER in circulation (circulating market capitalization of about $1.0 billion), maximum supply of 644.2 million.

Why this verdict

  1. Permissible purpose : met. RENDER has an established function: it pays for compute. The creator of a job burns RENDER in exchange for compute credits of equivalent dollar value, and rendering and artificial intelligence jobs are settled onchain in RENDER; the nodes that provide the GPUs receive newly issued RENDER. The usage is observed by a third party: DefiLlama tracks gross user spending under this model (on the order of $255,000 over 30 days at the time of reading, $3.19 million since inception). The network is used for 3D rendering and artificial intelligence; no purpose of gambling, interest-bearing lending or impermissible content is found.
  2. No riba : met. Holding RENDER pays nothing in itself: emissions pay the nodes that provide compute (payment for a service), on a schedule voted by the community, and the RENDER paid by creators is burned. No lending or staking is attached to the token in the pages read.
  3. No gambling : met. The spot purchase is of a transferable token whose use (payment for compute) is real; it is not a contract on a price difference.
  4. No excessive gharar : met. The issuer (Render Network Foundation) and the network's designer (Jules Urbach, OTOY) are identified. The issuance rules are published and voted: emission schedules by proposal (RNP-006 for year 1, RNP-018 for year 2 with 5,905,580 RENDER). Limits: the mint and freeze authorities of the Solana token are set and held by program accounts whose signers are not published in the pages read; the Foundation is a Cayman Islands structure whose officers were not found; the relationship between the legacy ERC-20 supply and the Solana supply is not explained in the pages read.
  5. Real ownership : met. RENDER is held in a personal Solana wallet, required to vote and receive emissions (documentation); the legacy RNDR is held in an Ethereum wallet. A freeze authority is set on the Solana token (chain reading): no use of it was found and its holder is not identified (scan_securite). The withdrawal conditions of the exchanges where it can be bought were not studied.
  6. No fraud or manipulation : met. No sanction, fine or court decision against the Foundation, OTOY or the token was found (web search of October 7, 2026); the AMF blacklist returns nothing; the team is identified; top ten wallets excluding exchanges and contracts: 2.5% on the legacy ERC-20 contract (GoPlus scan), below 50%. The legacy contract is a proxy whose administrator is the burn address 0x…dEaD (chain reading), so it cannot be modified. The active token, on Solana, cannot be scanned with GoPlus.

Contract security scan

GoPlus security scan of the legacy RNDR ERC-20 contract on Ethereum (0x6de037ef…eb24), which is no longer the network's active token: 93,341 holders; top ten wallets excluding exchanges and contracts: 2.5%; code published; no honeypot, freeze, external mint or tax found. Signal found: contract upgradeable through a proxy (is_proxy). Reading under A.8: the issuer is identified, so this power is not a signal; moreover, the proxy administrator read on the chain is the burn address 0x…dEaD, so the contract can no longer be updated (the contract keeps an owner function for escrow and migration). Active RENDER token on Solana: not scannable by GoPlus; direct chain reading on October 7, 2026: 8 decimals, mint authority set (account belonging to the circiqFC… program), freeze authority set (account belonging to another program); neither the identity of the signers nor the use of these powers was established; minting serves the emissions of the burn-and-mint model. No transfer tax found.

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