Uniswap

The exchange token itself is considered compliant with Shariah principles. The token's compliance means that it does not inherently pose any Shariah issues. However, potential issues may arise if users misuse the token for unlawful purposes. This aligns with an analogical reasoning (qiyas) comparing exchange tokens to fiat money issued by central banks. Just as the money itself is not inherently problematic but can be misused by consumers, the exchange token's compliance is not the concern; rather, it depends on how users utilize it, whether for lawful or unlawful activities. Consequently, users bear the responsibility to avoid engaging in any products, projects, or services that contravene Shariah principles (labeled as failed).

Last Screening: Q3 2024