Is GMX (GMX) Halal or Haram?
Last screened: April 2026 · Reviewed against AAOIFI Shariah Standards
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HARAM — GMX
Decentralized perpetual futures exchange — core product is leveraged derivatives trading
Screening Criteria
- Real technology ✅
- Core product: perpetual futures (haram) ❌
- Leveraged trading (haram) ❌
- Liquidity providers exposed to derivatives losses ❌
- Interest on borrowed positions ❌
Scholar’s Note
GMX is a perpetual futures and leveraged trading exchange. Leveraged trading and perpetual futures contracts involve both riba (interest on leveraged positions) and maysir (gambling-like speculation). Islamic scholars unanimously classify GMX and its products as haram.
⚠ 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
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