Glossary
Key terms used across SDASI standards and publications bridging Islamic finance and digital assets.
Read moreSDASI publishes formal guidance documents, classification frameworks, and review methodologies. All materials are developed through a transparent process involving scholars, technologists, and market practitioners.
Token Classification Standards
- Utility tokens
- Asset-backed tokens
- Governance tokens
- Stablecoins
- Security-like tokens
- DeFi protocol tokens
Shariah Compliance Principles
- Riba avoidance
- Gharar reduction
- Maysir avoidance
- Permissible economic activity
- Asset ownership and transfer
- Risk-sharing principles
Technical Protocol Standards
- Smart contract audit expectations
- Token minting and burning logic
- Treasury mechanisms
- Governance controls
- Oracle dependency
- Upgradeability and admin keys
Market Conduct Standards
- Disclosure requirements
- Speculation controls
- Liquidity risk assessment
- Investor protection measures
Downloadable Documents
- Digital Asset Shariah Framework (PDF)
- Halal Token Classification Guide (PDF)
- Stablecoin Review Methodology (PDF)
All documents are provided for reference. Certification decisions are made on a case-by-case basis.
See the Glossary for definitions of key terms.