XLMHilal Markets · Shariah Evidence report
Stellar (XLM)
SC Malaysia SAC Digital Assets Reference v2026.07-pack.1 · Passport version 1
Eligible
Printed from Hilal Markets. Evidence last checked 2026-07-24 16:23:27 UTC.
1. The result
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 HilalMarkets use-specific coverage is shown separately and does not infer unpublished SC reasoning.
| Result | Eligible |
|---|---|
| Standard used | SC Malaysia SAC Digital Assets Reference v2026.07-pack.1 |
| Decision made | 2024-12-10 00:00:00 UTC |
| Published | 2026-07-24 16:50:19 UTC |
| Evidence last checked | 2026-07-24 16:23:27 UTC |
| Evidence expires | 2026-07-17 01:31:01 UTC |
| Next source check | 2026-10-13 00:24:50 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 Shariah Advisory Council of the Securities Commission Malaysia; AI factual research remains separately labelled and does not determine the status.
3. What this covers
| Use | Covered? | Reason and scope | Checked |
|---|---|---|---|
| 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. Reviewer-approved use decision |
2026-07-24 16:50:18 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 16:50:18 UTC |
4. Which coin exactly
| Official name | Stellar |
|---|---|
| Symbol | XLM |
| Network | Stellar |
| Type | Token |
| Identity state | Verified |
| Identity checked | Date not kept |
Where it trades
| Exchange | Market | Type | Trading now? |
|---|---|---|---|
| Binance | XLM/USDT | spot | Yes |
| Bybit | XLM/USDT | spot | No |
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. | 3689f661-0a92-4170-8e26-436b853a586a · 720b75c0-1cf5-4e44-87a3-d565b5976390 · 8c24e049-9448-4eb5-8098-8af7ed557cd1 · f15ccdff-6f14-4c26-9edc-85fec82a7cf1 · 7bf787d6-9837-4fa3-b218-73a3ed4d080e |
| Published SC Malaysia SAC reference | Pass | No explanation was added. | 3689f661-0a92-4170-8e26-436b853a586a · 720b75c0-1cf5-4e44-87a3-d565b5976390 · 8c24e049-9448-4eb5-8098-8af7ed557cd1 · f15ccdff-6f14-4c26-9edc-85fec82a7cf1 · 7bf787d6-9837-4fa3-b218-73a3ed4d080e |
| Evidence completeness and freshness | Pass | No explanation was added. | 3689f661-0a92-4170-8e26-436b853a586a · 720b75c0-1cf5-4e44-87a3-d565b5976390 · 8c24e049-9448-4eb5-8098-8af7ed557cd1 · f15ccdff-6f14-4c26-9edc-85fec82a7cf1 · 7bf787d6-9837-4fa3-b218-73a3ed4d080e |
| Source scope and exact asset match | Pass | No explanation was added. | 3689f661-0a92-4170-8e26-436b853a586a · 720b75c0-1cf5-4e44-87a3-d565b5976390 · 8c24e049-9448-4eb5-8098-8af7ed557cd1 · f15ccdff-6f14-4c26-9edc-85fec82a7cf1 · 7bf787d6-9837-4fa3-b218-73a3ed4d080e |
| HilalMarkets use-specific factual review | Pass | No explanation was added. | 3689f661-0a92-4170-8e26-436b853a586a · 720b75c0-1cf5-4e44-87a3-d565b5976390 · 8c24e049-9448-4eb5-8098-8af7ed557cd1 · f15ccdff-6f14-4c26-9edc-85fec82a7cf1 · 7bf787d6-9837-4fa3-b218-73a3ed4d080e |
6. Sources
| Source | Publisher | Available? | Taken | Saved copy and fingerprint |
|---|---|---|---|---|
| Stellar official documentation https://8130068.fs1.hubspotusercontent-na1.net/hubfs/8130068/stellar-consensus-protocol.pdf Official-source factual information captured for the HilalMarkets profile; it is not unpublished authority reasoning. |
Official project source | Available | 2026-07-24 16:23:04 UTC | f15ccdff-6f14-4c26-9edc-85fec82a7cf1 1fa2ba6c2ddea9a0dabf3a81b0b1e87dce6266488e5c29a02a0b30b807311255 |
| Stellar official website https://www.stellar.org/ Official-source factual information captured for the HilalMarkets profile; it is not unpublished authority reasoning. |
Official project source | Available | 2026-07-24 16:23:00 UTC | 8c24e049-9448-4eb5-8098-8af7ed557cd1 3fa8fc1eb6ac142e04f6e83fd2b7811cd733ed40a71e6d0c32231e441d10120a |
| Stellar official website https://stellar.org/ Official-source factual information captured for the HilalMarkets profile; it is not unpublished authority reasoning. |
Official project source | Available | 2026-07-24 16:22:57 UTC | 720b75c0-1cf5-4e44-87a3-d565b5976390 3fa8fc1eb6ac142e04f6e83fd2b7811cd733ed40a71e6d0c32231e441d10120a |
| SC Malaysia Digital Assets https://www.sc.com.my/digital-assets Exact imported wording: Shariah-compliant; 286th SAC Meeting, 2024-12-10. |
Securities Commission Malaysia | Available | 2026-07-16 01:31:01 UTC published 2024-12-10 00:00:00 UTC |
3689f661-0a92-4170-8e26-436b853a586a 358d0d2139c2ec1cf0eeb9098bf31a843ad7a3712fb8d66d50dd4c2ffc21dd83 |
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 16:50:18 UTC |
| Published | 2026-07-24 16:50:19 UTC |
| Reason | 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. |
| Integrity fingerprint | dcbe1a3fec854ea9ed3528d1610c0a33b945d92632cc0949b1ba0ec26af1820c |
| When | What happened | Who | Change |
|---|---|---|---|
| 2026-07-24 16:50:18 UTC | 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. |
Amr | start → approved |
| 2026-07-24 16:50:19 UTC | 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. |
External authority reference automation | start → eligible |
| 2026-07-24 16:50:19 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 |
|---|---|---|
| Hilal Markets Methodology | Eligible with qualifications | 2026-10-05 20:10:55 UTC |
| Fasset Shariah Reports | Eligible | 2026-07-24 16:50:19 UTC |
| SC Malaysia SAC Digital Assets Reference | Eligible | 2026-07-24 16:50:19 UTC |
| Shariah Review Bureau | Eligible | 2026-07-24 16:50:43 UTC |