Coin verdict · DeFi / perpetuals · Updated 2026-04-26
Vela Exchange is an Arbitrum-based perpetual-futures DEX. VELA is the protocol token. The entire core product is leveraged perpetuals — structural fail on multiple AAOIFI-aligned gates. Excluded across all tiers, on the same logic as GMX, dYdX, and Gains Network.
Per AAOIFI-aligned framework, our screening shows: Per AAOIFI-aligned framework, our screening excludes VELA.
Our framework uses an AAOIFI-aligned methodology, with Saudi Permanent Committee for Scholarly Research and Ifta and public Islamic-finance references.
Funding-rate flows are interest-rate-style; VELA token economics capture this revenue.
Perpetual futures involve embedded contingent payoffs.
Leveraged perpetuals are amplified directional bets — fails maysir gate.
Core product is leveraged perpetual futures.
VELA has tier-2 liquidity.
Per AAOIFI-aligned framework, our screening excludes VELA.
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Per AAOIFI-aligned framework, VELA is excluded. Perpetual futures fail our gates.
Perpetuals are structurally non-compliant regardless of platform.
None. Excluded.
Per our framework, no.
Only if structurally compliant non-derivative products replace the core offering.
Where crypto fits next to halal equity portfolios — volatility, liquidity, and screening differences.
Our framework follows AAOIFI standards, with Saudi Permanent Committee and leading Saudi Islamic bank guidance.
The full Shariah picture — riba, gharar, maysir, and how spot trading earns a permissive verdict.
Why every leverage product, perp, and option is structurally excluded from every tier.
Our 2026 verdict list — coins that pass our AAOIFI-aligned framework today.
Last updated 2026-04-26; Author: HalalCrypto Research Team. Information only — not financial or Shariah advice. Make your own taqlid choice.