ALGHilal Markets · Shariah Evidence report
Algorand (ALGO)
Fasset Shariah Reports v2026.07-pack.1 · Passport version 1
Eligible
Printed from Hilal Markets. Evidence last checked 2026-07-24 13:38:22 UTC.
1. The result
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.
| Result | Eligible |
|---|---|
| Standard used | Fasset Shariah Reports v2026.07-pack.1 |
| Decision made | 2026-07-24 16:50:21 UTC |
| Published | 2026-07-24 16:50:21 UTC |
| Evidence last checked | 2026-07-24 13:38:22 UTC |
| Evidence expires | 2026-07-25 07:26:50 UTC |
| Next source check | 2026-08-04 17:15:42 UTC |
This is a screening result for the coin itself, 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.
2. Why
- 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.
3. What this covers
| Use | Covered? | Reason and scope | Checked |
|---|---|---|---|
| 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. Reviewer-approved use decision |
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. Reviewer-approved use decision |
2026-07-24 16:50:21 UTC |
4. Which coin exactly
| Official name | Algorand |
|---|---|
| Symbol | ALGO |
| Network | Algorand |
| Type | Token |
| Identity state | Verified |
| Identity checked | Date not kept |
Where it trades
| Exchange | Market | Type | Trading now? |
|---|---|---|---|
| Binance | ALGO/USDT | spot | Yes |
| Bybit | ALGO/USDT | spot | Yes |
Whether an exchange lists a coin is separate from whether it passed the review.
5. Rule by rule
| Rule | Outcome | Reviewer explanation | Evidence and gaps |
|---|---|---|---|
| Canonical asset identity | Pass | No explanation was added. | f8cef110-0383-49c2-81df-761ce429a9e0 · b2eefb4a-c9ea-415c-b441-91e34f22fbda · 8c4d10b7-a4e8-42ea-b77e-3be05b7f79c3 |
| Published Fasset reference | Pass | No explanation was added. | f8cef110-0383-49c2-81df-761ce429a9e0 · b2eefb4a-c9ea-415c-b441-91e34f22fbda · 8c4d10b7-a4e8-42ea-b77e-3be05b7f79c3 |
| Evidence completeness and freshness | Pass | No explanation was added. | f8cef110-0383-49c2-81df-761ce429a9e0 · b2eefb4a-c9ea-415c-b441-91e34f22fbda · 8c4d10b7-a4e8-42ea-b77e-3be05b7f79c3 |
| Source scope and exact asset match | Pass | No explanation was added. | f8cef110-0383-49c2-81df-761ce429a9e0 · b2eefb4a-c9ea-415c-b441-91e34f22fbda · 8c4d10b7-a4e8-42ea-b77e-3be05b7f79c3 |
| HilalMarkets use-specific factual review | Pass | No explanation was added. | f8cef110-0383-49c2-81df-761ce429a9e0 · b2eefb4a-c9ea-415c-b441-91e34f22fbda · 8c4d10b7-a4e8-42ea-b77e-3be05b7f79c3 |
6. Sources
| Source | Publisher | Available? | Taken | Saved copy and fingerprint |
|---|---|---|---|---|
| Algorand official website https://algorand.foundation/ Official-source factual information captured for the HilalMarkets profile; it is not unpublished authority reasoning. |
Official project source | Available | 2026-07-24 13:38:05 UTC | b2eefb4a-c9ea-415c-b441-91e34f22fbda 8b1a7d95156eaffcf868c912e9e0438c8ffc57f5eeada9b815af38969e955c83 |
| Fasset Shariah Report: Algorand https://www.fasset.com/shariah-reports/ Explicit retained verdict: Shariah Compliant; source reference: profile:28. |
Fasset | Available | 2026-07-24 07:26:50 UTC | f8cef110-0383-49c2-81df-761ce429a9e0 1ae694209e98aeb690e4b215a670d0c1993d975acf19a1dd83538a3ff7934028 |
A live link can change after this report was printed. The saved copy and its fingerprint cannot.
7. Decision and history
| Decision | Approved |
|---|---|
| Who decided | External reference automation |
| When | 2026-07-24 16:50:21 UTC |
| Published | 2026-07-24 16:50:21 UTC |
| Reason | 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. |
| Integrity fingerprint | 52417c458c2679965c5097a29532752ef5cf5867833b03d32f7966087944cc73 |
| When | What happened | Who | Change |
|---|---|---|---|
| 2026-07-24 16:50:21 UTC | 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. |
Amr | start → approved |
| 2026-07-24 16:50:21 UTC | 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. |
External authority reference automation | start → eligible |
| 2026-07-24 16:50:21 UTC | Published The reviewed decision was published as an immutable Passport version. |
Hilal Markets | start → published |
8. Other standards
Each standard reaches its own result. Nothing is averaged and no combined score is created.
| Standard | Result | Reviewed |
|---|---|---|
| Fasset Shariah Reports | Eligible | 2026-07-24 16:50:21 UTC |
| Shariah Review Bureau | Eligible | 2026-07-24 16:50:43 UTC |