Is Synthetix (SNX) halal or haram?

Raises serious concerns. Synthetic leverage and derivatives raise gharar (and often riba).

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Synthetix SNX

Derivatives / perps

StatusRaises serious concerns

Live price…

What it is

A protocol for synthetic assets and derivatives.

Why this assessment

Synthetic leverage and derivatives raise gharar (and often riba).

Key considerations

Derivatives / leverageGharar (uncertainty)

This website is an educational resource, not a religious edict (fatwa). Qualified scholars differ on cryptocurrencies; the assessments here are based on widely-recognised principles of Islamic finance and are provided for learning only. Always consult a qualified scholar before making any decision, and remember that nothing here is financial advice.