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Current published record

BUSD

BUSD · ethereum · 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 17:11:21 UTC
Published2026-07-24 17:11:21 UTC
Evidence last checked2026-07-24 17:11:20 UTC
Evidence expires2026-07-25 07:26:50 UTC
Next source check2026-08-04 17:15:42 UTC
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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 17:11:21 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 17:11:21 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 nameBUSD
SymbolBUSD
Networkethereum
TypeToken
Identity stateVerified
Identity checkedDate not kept
Contract addresses1
ethereum 0x4fabb145d64652a948d72533023f6e7a623c7c53

Where it trades

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

No checked spot market is recorded for this coin on a supported exchange.

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 · d723a033-d504-483a-a579-c9e61566e007 · 16048b3b-cac0-4410-93e3-8835ff6d6a63 · 70e6e3f1-2fc0-4bfd-af5f-424349d937e5

Published Fasset reference Pass

The reviewer did not add an explanation for this rule.

Evidence: f8cef110-0383-49c2-81df-761ce429a9e0 · d723a033-d504-483a-a579-c9e61566e007 · 16048b3b-cac0-4410-93e3-8835ff6d6a63 · 70e6e3f1-2fc0-4bfd-af5f-424349d937e5

Evidence completeness and freshness Pass

The reviewer did not add an explanation for this rule.

Evidence: f8cef110-0383-49c2-81df-761ce429a9e0 · d723a033-d504-483a-a579-c9e61566e007 · 16048b3b-cac0-4410-93e3-8835ff6d6a63 · 70e6e3f1-2fc0-4bfd-af5f-424349d937e5

Source scope and exact asset match Pass

The reviewer did not add an explanation for this rule.

Evidence: f8cef110-0383-49c2-81df-761ce429a9e0 · d723a033-d504-483a-a579-c9e61566e007 · 16048b3b-cac0-4410-93e3-8835ff6d6a63 · 70e6e3f1-2fc0-4bfd-af5f-424349d937e5

HilalMarkets use-specific factual review Pass

The reviewer did not add an explanation for this rule.

Evidence: f8cef110-0383-49c2-81df-761ce429a9e0 · d723a033-d504-483a-a579-c9e61566e007 · 16048b3b-cac0-4410-93e3-8835ff6d6a63 · 70e6e3f1-2fc0-4bfd-af5f-424349d937e5

Sources

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

BUSD official documentation Available

Official-source factual information captured for the HilalMarkets profile; it is not unpublished authority reasoning.

Official project source · taken 2026-07-24 17:09:39 UTC

Open the source

Technical details
Saved copy70e6e3f1-2fc0-4bfd-af5f-424349d937e5
Fingerprintd514119f357a7a7a2f005a2a45e78384591c7f7abe54ed227fdac904d0fe9133
Reader versionscrapling-evidence-v1
AI readinggpt-5.4-nano:sharia-factual-dossier-v2
BUSD 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 17:09:37 UTC

Open the source

Technical details
Saved copy16048b3b-cac0-4410-93e3-8835ff6d6a63
Fingerprintb5761123f449da4312df23cc989b01cdd419d7d24b19bf1f0744445ee4d556da
Reader versionscrapling-evidence-v1
AI readinggpt-5.4-nano:sharia-factual-dossier-v2
Shariah Review Bureau source for BUSD Available

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

Official project source · taken 2026-07-24 17:09:31 UTC

Open the source

Technical details
Saved copyd723a033-d504-483a-a579-c9e61566e007
Fingerprinte33dc9cf21b9f66e59826aacbd551f943b49940b933554dcdb8f6d740b1e216e
Reader versionscrapling-evidence-v1
AI readinggpt-5.4-nano:sharia-factual-dossier-v2
Fasset Shariah Report: Binance USD (legacy) Available

Explicit retained verdict: Shariah Compliant; source reference: profile:126.

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://www.paxos.com/busd/
Official documentationhttps://github.com/paxosglobal/busd-contract
Primary activityFiat-collateralized stablecoin representing USD reserves; centrally minted/burned by Paxos (per contract documentation).
Token role and utilityERC-20 token used as a stable unit of account; the contract documentation describes ERC-20 interface and a proxy-based architecture with a designated supply controller.
Asset typetoken
Governance modelToken supply is centrally managed by Paxos via a supply controller address that can mint/burn based on reserve cash movements (per BUSD contract documentation). The contract also supports pausing transfers/approvals and includes an asset protection role subject to regulatory requirements (per documentation).
TokenomicsFiat-backed design: Shariyah Review Bureau page describes BUSD as backed 1:1 with US dollars held in reserve; GitHub contract documentation states total supply is backed by fiat held in reserve at Paxos and that mint/burn tracks cash movement in/out of reserve.
Staking and rewardsNo native staking described in the supplied evidence.
Lending borrowingNo third-party lending/yield programs described in the supplied evidence (only a generic note that BUSD can be used by wallets/lending platforms is present in the Shariyah Review Bureau page, not an actual yield product configuration).
Interest or yieldNo third-party lending/yield programs described in the supplied evidence (only a generic note that BUSD can be used by wallets/lending platforms is present in the Shariyah Review Bureau page, not an actual yield product configuration).
Derivatives and prediction productsNo derivatives described in the supplied evidence.
Treasury and revenueToken supply is centrally managed by Paxos via a supply controller address that can mint/burn based on reserve cash movements (per BUSD contract documentation). The contract also supports pausing transfers/approvals and includes an asset protection role subject to regulatory requirements (per documentation).
Backing redemption or collateralFiat-backed design: Shariyah Review Bureau page describes BUSD as backed 1:1 with US dollars held in reserve; GitHub contract documentation states total supply is backed by fiat held in reserve at Paxos and that mint/burn tracks cash movement in/out of reserve.
Plain language profileFiat-collateralized stablecoin representing USD reserves; centrally minted/burned by Paxos (per contract documentation). ERC-20 token used as a stable unit of account; the contract documentation describes ERC-20 interface and a proxy-based architecture with a designated supply controller.
ProvenanceHILALMARKETS_AI_ENRICHMENT_UNVERIFIED
Last evidence verification2026-07-24T17:11:20.168730+00:00
Evidence expires at2026-07-25T07:26:50.003280+00:00
Next governance review at2026-07-25T17:11:21.844419+00:00
NoticeHilalMarkets factual research is not Fasset's unpublished reasoning and is not an independent religious ruling.
Gaps in the evidence

BUSD-specific Fasset Shariah Reports row (or explicit BUSD status) was not present in the supplied Fasset excerpt; therefore asset-level confirmation within that specific dataset is missing. · No BUSD-specific details from Paxos/official sources about the exact reserve/attestation mechanism, attestation frequency, or US dollar reserve audit scope (only general redemption/minting status and high-level backing statements are present in supplied evidence). · No evidence of whether BUSD is supported by any specific staking or yield products within the provided package. · No evidence describing BUSD derivatives/wrapping products (e.g., wrapped BUSD variants) or their Sharia treatment.

History

Older events stay visible after newer versions replace them.

The human decision

DecisionApproved
Who decidedExternal reference automation
When2026-07-24 17:11:21 UTC
Published2026-07-24 17:11:21 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 17:11:21 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 17:11:21 UTC · External authority reference automation · start → eligible
  • Published

    The reviewed decision was published as an immutable Passport version.

    2026-07-24 17:11:21 UTC · Hilal Markets · start → published

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