Is dYdX (DYDX) Halal or Haram?
Last screened: April 2026 · Reviewed against AAOIFI Shariah Standards
❌
HARAM — dYdX
Decentralized perpetual trading platform — built specifically for leveraged derivatives
Screening Criteria
- Real technology ✅
- Core product: perpetual contracts (haram) ❌
- Leverage up to 20x (haram) ❌
- Funding rates = interest mechanism ❌
- Speculation without underlying asset delivery ❌
Scholar’s Note
dYdX exists specifically to provide leveraged perpetual trading. This combines riba (interest through funding rates) and maysir (highly leveraged speculation). Islamic scholars classify dYdX as haram — both using the platform and holding DYDX as a stake in this business are prohibited.
⚠ This screening is for educational purposes only. For a binding religious ruling (fatwa), please consult a qualified Islamic scholar (mufti) familiar with your specific circumstances.
Our Screening Methodology
We screen every cryptocurrency against 5 criteria derived from AAOIFI Shariah Standards and scholarly consensus:
- ✓ No Riba — No interest-bearing mechanisms or yield that resembles usury
- ✓ No Gharar — No excessive uncertainty or deception in the token’s structure
- ✓ No Maysir — No gambling mechanics or purely speculative mechanisms
- ✓ Genuine Utility — The asset serves a real economic or technological purpose
- ✓ Halal Business — The underlying project does not facilitate haram activities
Screen Your Full Portfolio
Check all your coins at once. Free forever, no signup required.
Screen dYdX in Our Tool →
✓ Free · ✓ No credit card · ✓ Instant results
Related HARAM Coins