As SUSHI is involved in providing conventional lending and borrowing platform that contains riba', clearly it is non-permissible for us to own and/or involve in any of these activities. We classify this token as 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 | A platform that enables lending and borrowing platform. It is clearly involved with the lament of usury or ribaâ. | Failed |
| Financials | The token is not backed by any equity, thus there is no financial screening on this token. | Passed |
| Token | The tokenâs utility is to be a medium of reward system. Sushi platform provides various products that are mixed with non-Shariah activity. | Failed |
| Staking Method | Staking reward sources can only be gained from liquidity pool. It is permissible to have a reward from exchange asset fee. | Passed |
Read the source document and verify project fundamentals.