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Is Solana (SOL) 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

Native currency of the Solana network (layer 1 smart-contract platform, proof of stake and proof of history) Issuer: Solana Labs, a San Francisco company founded in 2018 by Anatoly Yakovenko and Raj Gokal (SOL sales from 2018 to 2021); the network is now driven by the Solana Foundation, based in Geneva.

SOL pays the fees for every transaction on the Solana network and is used for staking with validators. Its supply is not capped: annual inflation, set at 8% at the start and decreasing toward 1.5%, rewards staked tokens, and half of the base fees are burned.

Why this verdict

  1. Permissible purpose : met. SOL pays the fees for every transaction on the Solana network, which hosts payments and applications; the use is documented by the foundation and the white paper.
    • « Every Solana transaction requires a fee paid in SOL. » Solana (documentation) (2026-10-05)
    • « Solana is the leading high performance network powering internet capital markets, payments, and crypto applications. » Solana (2026-10-05)
  2. No riba : met. Holding SOL pays nothing in itself: the inflation set by the protocol is distributed among tokens staked with validators, and transaction fees reward the validators. No loan is involved.
  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 SOL among the “digital commodities” (March 17, 2026).
  4. No excessive gharar : met. The issuance rules are published: starting inflation of 8%, decreasing by 15% per year down to 1.5%, and 50% of base fees burned. The documentation does state, however, that the economics are “Subject to change.” The initial sales are described in the SEC's 2023 complaint, and the tokens are now all unlocked according to Tokenomist.
    • « Solana's initial inflation rate is 8% annually, decreasing by 15% year-over-year, reaching a long-term fixed inflation rate of 1.5% annually. » Solana (staking and inflation) (2026-10-05)
    • « Base fee : per-signature, split 50% burned / 50% to the validator. » Solana (documentation) (2026-10-05)
  5. Real ownership : met. SOL is held in a personal wallet; delegating one's tokens to a validator transfers neither their ownership nor their control.
    • « A wallet is where you hold assets, approve transactions, and connect to apps. » Solana (wallet directory) (2026-10-05)
    • « Delegating your tokens to a validator does NOT give the validator ownership or control over your tokens. » Solana (staking and inflation) (2026-10-05)
  6. No fraud or manipulation : met. No ruling finds deception toward SOL buyers. In 2023 the SEC named SOL among presumed securities in its complaints against Coinbase and Binance; it ended those actions in 2025, for the Coinbase complaint “not on any assessment of the merits.” The founding team is public.
  7. Réseau ouvert et généraliste : met. un outil neutre
    • « Every validator on the network has an opportunity to participate in consensus by casting votes » Solana (staking and inflation) (2026-10-05)
    • « Solana is the leading high performance network powering internet capital markets, payments, and crypto applications. » Solana (2026-10-05)

Tolerance case

T1. SOL is the native currency of an open network where any validator can vote, and a general-purpose one (payments, applications). Solana Labs sold SOL to investors, but SOL gives no right to any company revenue; no share of impermissible income is published or estimated here (T2 case not quantifiable, not applied).

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