Is STEPN (GMT) Halal or Haram?

Screening Criteria

• Real utility — incentivized exercise ✅
• No direct interest mechanism ✅
• Move-to-earn = legitimate reward for action ✅
• Random shoe gem drops = gambling element ⚠️
• Shoe NFT market = high speculation ⚠️

Scholar’s Note

STEPN's core concept of earning tokens for exercise is generally permissible. However, the random gem socket outcomes during NFT upgrades introduce maysir elements. Scholars are divided — the exercise utility is halal, but the gambling-like NFT mechanics are problematic.

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