Is MakerDAO (MKR) Halal or Haram?
Last screened: April 2026 · Reviewed against AAOIFI Shariah Standards
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HARAM — MakerDAO
Governance token for DAI stablecoin system — stability fee is interest on collateralized debt
Screening Criteria
- Innovative technology ✅
- No gambling mechanism ✅
- DAI stability fee = interest on debt ❌
- DSR (DAI Savings Rate) = interest income ❌
- Collateralized debt position involves riba ❌
Scholar’s Note
MakerDAO's core mechanism involves users depositing collateral to borrow DAI, paying a 'stability fee' — which is explicitly an interest charge. The DAI Savings Rate pays interest to DAI holders. Both mechanisms are riba. Islamic scholars classify MKR and using the MakerDAO protocol 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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