Is Terra Luna (LUNA) Halal or Haram?
Last screened: April 2026 · Reviewed against AAOIFI Shariah Standards
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DOUBTFUL — Terra Luna
Rebuilt blockchain after UST collapse — history and ecosystem integrity concerns
Screening Criteria
- Rebuilt with genuine blockchain utility ✅
- No direct interest mechanism ✅
- Previous UST algorithmic stablecoin caused $60B loss ⚠️
- Extreme speculative history ⚠️
- Ecosystem reputation — gharar concerns ⚠️
Scholar’s Note
Terra Luna 2.0 is a rebuilt chain after the catastrophic collapse of the original Terra ecosystem. While the rebuilt chain has no inherent riba, the history of the project and extreme speculative nature classify it as doubtful. The original UST collapse was a case of extreme gharar that wiped out billions.
⚠ 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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