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Current published record

Algorand

ALGO · Algorand · Token

2 standards reviewed this coin. Each one reaches its own result. Nothing is averaged. Choose one to read its result.

Eligible

The retained Fasset asset profile records the explicit verdict Shariah Compliant. HilalMarkets identity and use-specific coverage are reviewed separately and no missing source fact was inferred.

Standard usedFasset Shariah Reports v2026.07-pack.1
Decision made2026-07-24 16:50:21 UTC
Published2026-07-24 16:50:21 UTC
Evidence last checked2026-07-24 13:38:22 UTC
Evidence expires2026-07-25 07:26:50 UTC
Next source check2026-08-04 17:15:42 UTC
Back to the list Open the full report
What this result is

A screening result for this coin, under the one standard named above, on the date named above. It is not a universal religious ruling, and it is not approval of every way the coin can be used.

Why this result

The short reasons a reviewer recorded. The criterion-by-criterion detail is under Evidence.

  • Automatically published the exact compliant asset-level reference from Fasset published Shariah Reports; AI factual research remains separately labelled and does not determine the status.

What this covers

A result for the coin is not a result for everything you can do with it. Each use is decided on its own.

Asset-level Fasset reference Covered

Automated publication retains only the external asset-level reference and HilalMarkets spot monitoring scope. Other product uses remain separate and are not covered by this automation.

Scope: Only the exact asset-level external reference.

Based on: Reviewer-approved use decision

Checked 2026-07-24 16:50:21 UTC

Spot ownership and market monitoring Covered

Automated publication retains only the external asset-level reference and HilalMarkets spot monitoring scope. Other product uses remain separate and are not covered by this automation.

Scope: Spot monitoring only; no leverage or trade execution.

Based on: Reviewer-approved use decision

Checked 2026-07-24 16:50:21 UTC

Which coin exactly

Many coins share a ticker. A ticker on its own is never treated as proof of which coin was reviewed.

Official nameAlgorand
SymbolALGO
NetworkAlgorand
TypeToken
Identity stateVerified
Identity checkedDate not kept

Where it trades

Whether an exchange lists a coin is separate from whether it passed the review.

Binance · ALGO/USDT · spot Trading now
Bybit · ALGO/USDT · spot Trading now

Evidence

What the reviewer decided on each rule, and the sources behind it. Reviewer decisions and AI-organised facts are kept apart.

Rule by rule

Canonical asset identity Pass

The reviewer did not add an explanation for this rule.

Evidence: f8cef110-0383-49c2-81df-761ce429a9e0 · b2eefb4a-c9ea-415c-b441-91e34f22fbda · 8c4d10b7-a4e8-42ea-b77e-3be05b7f79c3

Published Fasset reference Pass

The reviewer did not add an explanation for this rule.

Evidence: f8cef110-0383-49c2-81df-761ce429a9e0 · b2eefb4a-c9ea-415c-b441-91e34f22fbda · 8c4d10b7-a4e8-42ea-b77e-3be05b7f79c3

Evidence completeness and freshness Pass

The reviewer did not add an explanation for this rule.

Evidence: f8cef110-0383-49c2-81df-761ce429a9e0 · b2eefb4a-c9ea-415c-b441-91e34f22fbda · 8c4d10b7-a4e8-42ea-b77e-3be05b7f79c3

Source scope and exact asset match Pass

The reviewer did not add an explanation for this rule.

Evidence: f8cef110-0383-49c2-81df-761ce429a9e0 · b2eefb4a-c9ea-415c-b441-91e34f22fbda · 8c4d10b7-a4e8-42ea-b77e-3be05b7f79c3

HilalMarkets use-specific factual review Pass

The reviewer did not add an explanation for this rule.

Evidence: f8cef110-0383-49c2-81df-761ce429a9e0 · b2eefb4a-c9ea-415c-b441-91e34f22fbda · 8c4d10b7-a4e8-42ea-b77e-3be05b7f79c3

Sources

A live link can change. The saved copy and its fingerprint cannot.

Algorand official website Available

Official-source factual information captured for the HilalMarkets profile; it is not unpublished authority reasoning.

Official project source · taken 2026-07-24 13:38:05 UTC

Open the source

Technical details
Saved copyb2eefb4a-c9ea-415c-b441-91e34f22fbda
Fingerprint8b1a7d95156eaffcf868c912e9e0438c8ffc57f5eeada9b815af38969e955c83
Reader versionscrapling-evidence-v1
AI readinggpt-5.4-nano:sharia-factual-dossier-v2
Fasset Shariah Report: Algorand Available

Explicit retained verdict: Shariah Compliant; source reference: profile:28.

Fasset · taken 2026-07-24 07:26:50 UTC

Open the source

Technical details
Saved copyf8cef110-0383-49c2-81df-761ce429a9e0
Fingerprint1ae694209e98aeb690e4b215a670d0c1993d975acf19a1dd83538a3ff7934028
Reader versionmethodology-import-pack:1.0.0
AI readinggpt-5.4-nano:sharia-factual-dossier-v2
Facts gathered about this coin Not a religious decision

These facts were organised by software from published sources. Software cannot approve, reject or set a Shariah status; only the reviewer above can.

Official websitehttps://algorand.foundation/
Official documentationhttps://www.algorand.com/technology/white-papers
Primary activityLayer-1 blockchain infrastructure with smart-contract execution (Algorand Virtual Machine mentioned) and native primitives.
Token role and utilityALGO is associated with network participation and earning rewards via staking; the site also describes its Pure Proof-of-Stake consensus.
Asset typenative_coin
Governance modelNot evidenced in the supplied official-source text beyond a mention of an xGov portal (no governance mechanics described in the provided excerpt).
TokenomicsNot evidenced in the supplied official-source text (no supply/issuance parameters provided in the excerpt).
Staking and rewardsAlgorand is described as Pure Proof-of-Stake; the site states that users can collect rewards for running nodes or staking Algo.
Lending borrowingNot evidenced in the supplied official-source text.
Interest or yieldNot evidenced in the supplied official-source text.
Derivatives and prediction productsNot evidenced in the supplied official-source text.
Treasury and revenueNot evidenced in the supplied official-source text beyond a mention of an xGov portal (no governance mechanics described in the provided excerpt).
Backing redemption or collateralNot evidenced in the supplied official-source text (no supply/issuance parameters provided in the excerpt).
Plain language profileLayer-1 blockchain infrastructure with smart-contract execution (Algorand Virtual Machine mentioned) and native primitives. ALGO is associated with network participation and earning rewards via staking; the site also describes its Pure Proof-of-Stake consensus.
ProvenanceHILALMARKETS_AI_ENRICHMENT_UNVERIFIED
Last evidence verification2026-07-24T13:38:22.520939+00:00
Evidence expires at2026-07-25T07:26:50.003280+00:00
Next governance review at2026-07-25T16:50:21.664887+00:00
NoticeHilalMarkets factual research is not Fasset's unpublished reasoning and is not an independent religious ruling.
Gaps in the evidence

Fasset report content/details for ALGO (the evidence shows only status_language and that detailed source_detail_fields are null/withheld; no underlying shariah methodology findings are provided). · Canonical verification that the Fasset row labeled ALGO corresponds exactly to the requested canonical_id 16530d45-d83b-476e-8492-d2d3c8de6635 (no explicit mapping content is included in the supplied evidence). · Any explicit evidence (from official sources supplied) describing ALGO tokenomics: issuance schedule, inflation, reward distribution rules, or fee/reward allocation mechanisms. · Any explicit evidence (from official sources supplied) about third-party lending/yield products, derivatives, or wrapped-token usage involving ALGO (none are described in the provided excerpt).

History

Older events stay visible after newer versions replace them.

The human decision

DecisionApproved
Who decidedExternal reference automation
When2026-07-24 16:50:21 UTC
Published2026-07-24 16:50:21 UTC

Automatically published the exact compliant asset-level reference from Fasset published Shariah Reports; AI factual research remains separately labelled and does not determine the status.

Everything that happened

  • Reviewer decision

    Automatically published the exact compliant asset-level reference from Fasset published Shariah Reports; AI factual research remains separately labelled and does not determine the status.

    2026-07-24 16:50:21 UTC · Amr · start → approved
  • Status changed

    Automatically published the exact compliant asset-level reference from Fasset published Shariah Reports; AI factual research remains separately labelled and does not determine the status.

    2026-07-24 16:50:21 UTC · External authority reference automation · start → eligible
  • Published

    The reviewed decision was published as an immutable Passport version.

    2026-07-24 16:50:21 UTC · Hilal Markets · start → published

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