Skip to content

Current published record

Polygon

MATIC · Ethereum and Polygon PoS · Token

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

Eligible

The official SC Malaysia asset-level reference records this asset as Shariah-compliant. HilalMarkets use-specific coverage is shown separately and does not infer unpublished SC reasoning.

Standard usedSC Malaysia SAC Digital Assets Reference v2026.07-pack.1
Decision made2023-08-10 00:00:00 UTC
Published2026-07-24 16:50:19 UTC
Evidence last checked2026-07-24 12:59:26 UTC
Evidence expires2026-07-17 01:31:01 UTC
Next source check2026-10-12 07:25:47 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 Shariah Advisory Council of the Securities Commission Malaysia; 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 SC Malaysia SAC 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 16:50:19 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 16:50:19 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 namePolygon
SymbolMATIC
NetworkEthereum and Polygon PoS
TypeToken
Identity stateVerified
Identity checkedDate not kept
Contract addresses1
ethereum 0x7d1afa7b718fb893db30a3abc0cfc608aacfebb0

Where it trades

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

Binance · MATIC/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: 3689f661-0a92-4170-8e26-436b853a586a · 79842b54-a7b4-46f3-b8e2-fb07141a41fe · a4d0eabc-740d-4598-aba1-34387ca4265d

Published SC Malaysia SAC reference Pass

The reviewer did not add an explanation for this rule.

Evidence: 3689f661-0a92-4170-8e26-436b853a586a · 79842b54-a7b4-46f3-b8e2-fb07141a41fe · a4d0eabc-740d-4598-aba1-34387ca4265d

Evidence completeness and freshness Pass

The reviewer did not add an explanation for this rule.

Evidence: 3689f661-0a92-4170-8e26-436b853a586a · 79842b54-a7b4-46f3-b8e2-fb07141a41fe · a4d0eabc-740d-4598-aba1-34387ca4265d

Source scope and exact asset match Pass

The reviewer did not add an explanation for this rule.

Evidence: 3689f661-0a92-4170-8e26-436b853a586a · 79842b54-a7b4-46f3-b8e2-fb07141a41fe · a4d0eabc-740d-4598-aba1-34387ca4265d

HilalMarkets use-specific factual review Pass

The reviewer did not add an explanation for this rule.

Evidence: 3689f661-0a92-4170-8e26-436b853a586a · 79842b54-a7b4-46f3-b8e2-fb07141a41fe · a4d0eabc-740d-4598-aba1-34387ca4265d

Sources

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

Polygon 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 12:59:06 UTC

Open the source

Technical details
Saved copya4d0eabc-740d-4598-aba1-34387ca4265d
Fingerprint80b37ea6684006907274dd85c5c8641c2b0a718da44b0b66818c07bdd20b8052
Reader versionscrapling-evidence-v1
AI readinggpt-5.4-nano:sharia-factual-dossier-v2
Polygon 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 12:59:04 UTC

Open the source

Technical details
Saved copy79842b54-a7b4-46f3-b8e2-fb07141a41fe
Fingerprinte6e6c702e69e3f42019e6f50a8359709f9228de7a2a2cce159e87512b13209c0
Reader versionscrapling-evidence-v1
AI readinggpt-5.4-nano:sharia-factual-dossier-v2
SC Malaysia Digital Assets Available

Exact imported wording: Shariah-compliant; 271st SAC Meeting, 2023-08-10.

Securities Commission Malaysia · taken 2026-07-16 01:31:01 UTC · published 2023-08-10 00:00:00 UTC

Open the source

Technical details
Saved copy3689f661-0a92-4170-8e26-436b853a586a
Fingerprint358d0d2139c2ec1cf0eeb9098bf31a843ad7a3712fb8d66d50dd4c2ffc21dd83
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://polygon.technology/
Official documentationhttps://docs.polygon.technology/pos/concepts/tokens/matic
Primary activityBlockchain network (Polygon PoS chain); MATIC historically used for gas/validator staking, with migration to POL.
Token role and utilityFrom Polygon developer docs: MATIC was the native cryptocurrency used to pay gas fees and validators staked MATIC for consensus; it is superseded by POL via 1:1 migration, with staking/rewards distributed in POL.
Asset typetoken
Governance modelNo official-source evidence provided in the package describing MATIC-specific governance/treasury mechanisms.
TokenomicsNo official-source evidence provided in the package describing token backing/issuance model; only migration/utility details for MATIC→POL are included.
Staking and rewardsEvidence provided is directional: MATIC was staked by validators historically; current staking rewards are distributed in POL (per Polygon docs). Native staking of MATIC is therefore not indicated as current post-migration.
Lending borrowingNo official-source evidence provided in the package describing MATIC being used for lending or yield products.
Interest or yieldNo official-source evidence provided in the package describing MATIC being used for lending or yield products.
Derivatives and prediction productsNo official-source evidence provided in the package describing derivatives tied to MATIC.
Treasury and revenueNo official-source evidence provided in the package describing MATIC-specific governance/treasury mechanisms.
Backing redemption or collateralNo official-source evidence provided in the package describing token backing/issuance model; only migration/utility details for MATIC→POL are included.
Plain language profileBlockchain network (Polygon PoS chain); MATIC historically used for gas/validator staking, with migration to POL. From Polygon developer docs: MATIC was the native cryptocurrency used to pay gas fees and validators staked MATIC for consensus; it is superseded by POL via 1:1 migration, with staking/rewards distributed in POL.
ProvenanceHILALMARKETS_AI_ENRICHMENT_UNVERIFIED
Last evidence verification2026-07-24T12:59:26.335480+00:00
Evidence expires at2026-07-17T01:31:01.978275+00:00
Next governance review at2026-07-25T16:50:19.529238+00:00
NoticeHilalMarkets factual research is not SC Malaysia's unpublished reasoning and is not an independent religious ruling.
Gaps in the evidence

No official-source evidence provided for MATIC-specific Shariah reasoning/rationale (the SC list methodology snapshot notes coin-specific rationale is not published on the list page). · No official-source evidence provided about how MATIC is used (or is restricted) in specific DeFi lending/yield products. · No official-source evidence provided about derivatives or synthetic exposures tied to MATIC. · No official-source evidence provided about governance or treasury mechanisms tied to MATIC (as opposed to POL). · No official-source evidence provided about wrapped-token equivalents of MATIC.

History

Older events stay visible after newer versions replace them.

The human decision

DecisionApproved
Who decidedExternal reference automation
When2026-07-24 16:50:19 UTC
Published2026-07-24 16:50:19 UTC

Automatically published the exact compliant asset-level reference from Shariah Advisory Council of the Securities Commission Malaysia; 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 Shariah Advisory Council of the Securities Commission Malaysia; AI factual research remains separately labelled and does not determine the status.

    2026-07-24 16:50:19 UTC · Amr · start → approved
  • Status changed

    Automatically published the exact compliant asset-level reference from Shariah Advisory Council of the Securities Commission Malaysia; AI factual research remains separately labelled and does not determine the status.

    2026-07-24 16:50:19 UTC · External authority reference automation · start → eligible
  • Published

    The reviewed decision was published as an immutable Passport version.

    2026-07-24 16:50:19 UTC · Hilal Markets · start → published

Something looks wrong?

Your report opens a review item for a person to look at. It never changes a published result by itself.

Sign in to send a report. It takes a free account, so a reviewer can write back to you about it.

Sign in to report a problem

Your privacy choices

Essential storage supports security and your choices. Optional analytics runs only after you allow it and must not receive private Watchlist text, credentials, or direct identifiers. Read the Cookie Policy.