Is MATIC (Polygon (MATIC)) halal?

Q: Is MATIC (Polygon (MATIC)) halal?

DOUBTFUL: Ethereum scaling solution — similar concerns to ETH. Polygon provides Ethereum-scaling infrastructure and its token ecosystem is transitioning from MATIC toward POL. Scaling utility supports permissibility arguments, while staking, DeFi lending, NFTs, gaming and speculative applications create school-dependent riba, gharar and maysir questions. Issuer-style financial ratios are not applicable.

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MATIC

Polygon (MATIC)

DOUBTFUL — METHODS DIFFERcrypto

Is MATIC Halal?

Ethereum scaling solution — similar concerns to ETH.

What You Should Know

Polygon provides Ethereum-scaling infrastructure and its token ecosystem is transitioning from MATIC toward POL. Scaling utility supports permissibility arguments, while staking, DeFi lending, NFTs, gaming and speculative applications create school-dependent riba, gharar and maysir questions. Issuer-style financial ratios are not applicable.

⚠️ Concerns

•MATIC-to-POL migration
•Staking yields
•DeFi, NFT and gaming exposure
•Speculation

Current quantitative Sharia screen

Based on Protocol reference figures for the period ended 2026-07-14; calculated 2026-07-14.

Protocol asset · issuer screen N/A

Issuer financial ratios are not applicable to this asset. This is a decentralized protocol or token, not an operating company or fund with an issuer balance sheet, debt schedule, receivables or revenue statement. The placeholder inputs are retained for schema integrity only and are not a financial classification. The methodology rows below preserve the qualitative, school-dependent analysis.

Methodology	Financial	Overall	What drives it
FTSE Yasaar issuer screen (not applicable) v4.6, February 2026	Not calculated	Incomplete	Issuer balance-sheet and revenue ratios do not apply to a decentralized scaling token; activity and use remain qualitative.
MSCI Islamic issuer screen (not applicable) October 2024 methodology	Not calculated	Incomplete	No issuer balance sheet or revenue denominator exists for an issuer-style MSCI calculation.
Malaysia SAC issuer screen (not applicable) single 5% activity benchmark adopted November 2025	Not calculated	Incomplete	Issuer financial ratios do not apply to a decentralized scaling token.
Market-cap issuer methods (not applicable) MSCI M-Series, S&P and Dow Jones methods differ	Not calculated	Incomplete	Token market capitalization is not an issuer-equity denominator and cannot replace company financial statements.

FTSE Yasaar issuer screen (not applicable)

v4.6, February 2026

Financial: Not calculated
Overall: Incomplete

Issuer balance-sheet and revenue ratios do not apply to a decentralized scaling token; activity and use remain qualitative.

MSCI Islamic issuer screen (not applicable)

October 2024 methodology

Financial: Not calculated
Overall: Incomplete

No issuer balance sheet or revenue denominator exists for an issuer-style MSCI calculation.

Malaysia SAC issuer screen (not applicable)

single 5% activity benchmark adopted November 2025

Financial: Not calculated
Overall: Incomplete

Issuer financial ratios do not apply to a decentralized scaling token.

Market-cap issuer methods (not applicable)

MSCI M-Series, S&P and Dow Jones methods differ

Financial: Not calculated
Overall: Incomplete

Token market capitalization is not an issuer-equity denominator and cannot replace company financial statements.

Business-activity disclosure

Polygon provides Ethereum-scaling infrastructure and its token ecosystem is transitioning from MATIC toward POL. Scaling utility has permissible arguments, while staking, DeFi lending, NFTs, gaming and speculative applications create school-dependent riba, gharar and maysir questions.

Limitation: No issuer revenue, balance sheet or universal prohibited-activity numerator exists for the token or its application ecosystem.

Purification

No issuer income stream exists for a standardized purification calculation; staking and application proceeds require a qualified scholar's treatment.

Inputs, assumptions and primary sources

MATIC is the legacy ticker for Polygon's token ecosystem, which has transitioned toward POL; it is a decentralized protocol token, not an operating company or fund.
Debt, liquidity, receivables and income ratios are not economically applicable; placeholder inputs exist only for the shared record schema and are not a financial classification.
Polygon scaling, token migration, staking, DeFi, NFT and gaming uses require separate school-specific review.

Polygon: Polygon PoS documentation Polygon: Polygon token migration documentation ZakatInvest methodology: FTSE Yasaar issuer-screen applicability note ZakatInvest methodology: MSCI Islamic issuer-screen applicability note ZakatInvest methodology: Malaysia SAC issuer-screen applicability note

This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.

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