Coin verdict · RWA / security tokens · Updated 2026-04-26
Polymath is a security-token issuance platform launched in 2017, with POLY as the native utility token. The platform's primary use case is issuing tokenised conventional securities — equities, debt instruments, and structured products — onto blockchain rails. From an AAOIFI-aligned perspective, conventional security tokens dominate the use case, and many tokenised securities issued via Polymath are interest-bearing instruments or include haram-sector exposure. Excluded across all tiers.
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Per AAOIFI-aligned framework, our screening shows: Per AAOIFI-aligned framework, our screening shows POLY is excluded.
Our framework uses an AAOIFI-aligned methodology, with Saudi Permanent Committee for Scholarly Research and Ifta and public Islamic-finance references.
Platform facilitates issuance of tokenised debt and interest-bearing securities — direct riba exposure.
Asset specifications, supply schedule, and on-chain settlement are publicly verifiable. Spot ownership transfers cleanly with no embedded contingent payoffs.
Spot purchase is direct ownership of a defined asset, not a wager. Our bot never places leverage, futures, perpetuals, options, or margin trades — eliminating the maysir vector at execution.
Primary economic activity is conventional security-token issuance including debt and interest-bearing instruments.
POLY has tier-2 liquidity.
Per AAOIFI-aligned framework, our screening shows POLY is excluded.
Current screener verdict
Per AAOIFI-aligned framework, our screening shows POLY is excluded.
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Per AAOIFI-aligned framework, POLY is excluded. The platform tokenises conventional securities including debt and interest-bearing instruments.
In theory yes, but the platform-level verdict reflects the dominant use case.
None. POLY is excluded.
Most are, on the same structural grounds. Each is screened individually.
No direct interest, but the protocol's economic exposure is to interest-bearing securities.
A no-signup interactive router from risk tolerance and readiness to the safest next step.
Asymmetric multi-X targeting (3% in 4h, 5% in 1h, pyramid). No scalping, no leverage.
The full Shariah picture — riba, gharar, maysir, and how spot trading earns a permissive verdict.
Our 2026 verdict list — coins that pass our AAOIFI-aligned framework today.
Our framework follows AAOIFI standards, with Saudi Permanent Committee and leading Saudi Islamic bank guidance.
Last updated 2026-04-26; Author: HalalCrypto Research Team. Information only — not financial or Shariah advice. Make your own taqlid choice.