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Current published record

Frax (prev. FXS)

FRAX · ethereum · Token

Shariah standard

The only standard that has reviewed this coin so far.

Fasset Shariah Reports v2026.07-pack.1 · Eligible
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 16:50:25 UTC
Published2026-07-24 16:50:25 UTC
Evidence last checked2026-07-24 16:46:48 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 16:50:25 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 16:50:25 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 nameFrax (prev. FXS)
SymbolFRAX
Networkethereum
TypeToken
Identity stateVerified
Identity checkedDate not kept
Contract addresses11
ethereum 0x3432b6a60d23ca0dfca7761b7ab56459d9c964d0
fantom 0x7d016eec9c25232b01f23ef992d98ca97fc2af5a
polygon-zkevm 0x6b856a14cea1d7dcfaf80fa6936c0b75972ccace
moonriver 0x6f1d1ee50846fcbc3de91723e61cb68cfa6d0e98
evmos 0xd8176865dd0d672c6ab4a427572f80a72b4b4a9c
solana 6LX8BhMQ4Sy2otmAWj7Y5sKd9YTVVUgfMsBzT6B9W7ct
harmony-shard-0 0x0767d8e1b05efa8d6a301a65b324b6b66a1cc14c
polygon-pos 0x1a3acf6d19267e2d3e7f898f42803e90c9219062
binance-smart-chain 0xe48a3d7d0bc88d552f730b62c006bc925eadb9ee
arbitrum-one 0x9d2f299715d94d8a7e6f5eaa8e654e8c74a988a7
avalanche 0x214db107654ff987ad859f34125307783fc8e387

Where it trades

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

Binance · FRAX/USDT · spot Trading now
Bybit · FRAX/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 · a5b538c9-612b-49b4-b0a0-5bf9acec5ac1 · bd00b1bc-dd82-4149-b876-1b6525bc0b51

Published Fasset reference Pass

The reviewer did not add an explanation for this rule.

Evidence: f8cef110-0383-49c2-81df-761ce429a9e0 · a5b538c9-612b-49b4-b0a0-5bf9acec5ac1 · bd00b1bc-dd82-4149-b876-1b6525bc0b51

Evidence completeness and freshness Pass

The reviewer did not add an explanation for this rule.

Evidence: f8cef110-0383-49c2-81df-761ce429a9e0 · a5b538c9-612b-49b4-b0a0-5bf9acec5ac1 · bd00b1bc-dd82-4149-b876-1b6525bc0b51

Source scope and exact asset match Pass

The reviewer did not add an explanation for this rule.

Evidence: f8cef110-0383-49c2-81df-761ce429a9e0 · a5b538c9-612b-49b4-b0a0-5bf9acec5ac1 · bd00b1bc-dd82-4149-b876-1b6525bc0b51

HilalMarkets use-specific factual review Pass

The reviewer did not add an explanation for this rule.

Evidence: f8cef110-0383-49c2-81df-761ce429a9e0 · a5b538c9-612b-49b4-b0a0-5bf9acec5ac1 · bd00b1bc-dd82-4149-b876-1b6525bc0b51

Sources

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

Frax (prev. FXS) 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 16:46:25 UTC

Open the source

Technical details
Saved copybd00b1bc-dd82-4149-b876-1b6525bc0b51
Fingerprint90528701a0a20356e2f6206d0f222574062baf13d31e19288e103fa3d20d28ae
Reader versionscrapling-evidence-v1
AI readinggpt-5.4-nano:sharia-factual-dossier-v2
Fasset Shariah Report: Frax Share Available

Explicit retained verdict: Shariah Compliant; source reference: profile:64.

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://frax.finance/
Official documentationhttps://github.com/FraxFinance/frax-solidity/blob/master/frax_whitepaper_v1.pdf
Primary activityNot determined from supplied official-source evidence (token/page mechanics not provided in the evidence package).
Token role and utilityNot determined from supplied official-source evidence.
Asset typetoken
Governance modelNot determined from supplied official-source evidence (no governance/treasury mechanism details provided).
TokenomicsNot determined from supplied official-source evidence (no backing/tokenomics fields provided).
Staking and rewardsNot determined from supplied official-source evidence (no native staking details provided).
Lending borrowingNot determined from supplied official-source evidence (no lending/yield product details provided; wrapped/yield usage not supplied).
Interest or yieldNot determined from supplied official-source evidence (no lending/yield product details provided; wrapped/yield usage not supplied).
Derivatives and prediction productsNot determined from supplied official-source evidence (no derivative instruments or collateralization details provided).
Treasury and revenueNot determined from supplied official-source evidence (no governance/treasury mechanism details provided).
Backing redemption or collateralNot determined from supplied official-source evidence (no backing/tokenomics fields provided).
Plain language profileNot determined from supplied official-source evidence (token/page mechanics not provided in the evidence package). Not determined from supplied official-source evidence.
ProvenanceHILALMARKETS_AI_ENRICHMENT_UNVERIFIED
Last evidence verification2026-07-24T16:46:48.975496+00:00
Evidence expires at2026-07-25T07:26:50.003280+00:00
Next governance review at2026-07-25T16:50:25.311555+00:00
NoticeHilalMarkets factual research is not Fasset's unpublished reasoning and is not an independent religious ruling.
Gaps in the evidence

A Fasset Shariah Reports page row for FRAX itself (i.e., the specific asset entry showing 'Shariah Compliant' / status and any related verification fields). · Any filled-in 'source_detail_fields' for FRAX (consensus/mechanism, governance model, platform purpose, token utility, tokenomics, verdict other impermissibilities, Riba verdict, etc.). · Evidence that FRAX is not conflated with other Frax-related instruments (e.g., 'Legacy Frax Dollar')—no canonical identity crosswalk for FRAX vs FRXUSD/FRAXD is provided in the supplied evidence. · Native staking details for FRAX, if any; the evidence package provides no staking/yield/derivatives classification data for this token.

History

Older events stay visible after newer versions replace them.

The human decision

DecisionApproved
Who decidedExternal reference automation
When2026-07-24 16:50:25 UTC
Published2026-07-24 16:50:25 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

  • 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 16:50:25 UTC · External authority reference automation · start → eligible
  • 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 16:50:25 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 16:50:25 UTC · External authority reference automation · eligible → eligible
  • Published

    The reviewed decision was published as an immutable Passport version.

    2026-07-24 16:50:25 UTC · Hilal Markets · start → published

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