The Knowledge Base collects reference materials from the Institute’s standards research. The categories below describe how digital assets are structured. They are not certifications, endorsements, or determinations of permissibility, and they name no specific asset.

Important: Categorization here is descriptive and does not constitute a determination of permissibility. A determination in respect of any specific project is issued only by qualified persons at an accredited advisory firm, within a defined scope. See the Methodology.

Asset categories (descriptive)

Asset categoryDescriptionNature
Store-of-value assetsAssets held principally to preserve value over time.Descriptive
Payment assetsAssets intended principally for transfer and settlement.Descriptive
Utility tokensTokens conferring access to a protocol's functions or services.Descriptive
Asset-backed tokensTokens representing a claim on identifiable underlying assets.Descriptive

These categories exist to support consistent standards development, grouping assets by economic function so that criteria may be written in respect of a structure rather than a named asset. The placement of an asset within a category says nothing as to its permissibility.

On the absence of a named-asset list

A body concerned with Shariah compliance cannot publish a table of named assets without its being read as a list of approved assets, irrespective of any accompanying disclaimer. The Institute does not certify third-party tokens and accordingly publishes no such list. Where a question of permissibility arises, it is addressed by accredited advisory firms — by qualified persons — and not by reference to a table.

Research notes

To provide input on the classification framework, contact research@sdasi.org.