SWISSBORG through their product Swissborg Smart Yield, filters many platforms, portfolios, and investment opportunities for users to gain profit using a smart contract. However, we identified that the return from the investments are mostly from lending interest gain. We concluded that SWISSBORG is Non-Shariah Compliant.
| Category | Details | Status |
|---|---|---|
| Legitimacy | Not regulated by any countries or regulatory bodies. The project has a clear roadmap and genuine product on the blockchain, while the token/coin has a fundamental underlying value that allows it to be categorized as "Mal" | Passed |
| Project | Offering the product of Swissborg Smart Yield, filters many platforms, portfolios, and investment opportunities for users to gain profit using a smart contract. SwissBorg Yield Program has the element of usury-based system | Failed |
| Financials | The token is not backed by equity, thus there is no financial screening on this token. | Passed |
| Token | The main utility of the token is for SwissBorg Yield Program which having the element of a usury reward-based system. | Failed |
| Staking Method | Contributing to staking will earn a staking rewards from transaction fees. The reward system is permissible as the reward system does not contain Riba, Gharar, or Maisir. | Passed |
Read the source document and verify project fundamentals.