HCS Score
88/100
These are absolute prohibitions in Islamic finance. If any red line is triggered, the asset is automatically classified as HARAM.
Riba Exposure
Not an interest-based lending or borrowing protocol
Gambling / Betting
No gambling or betting mechanism
Haram Industry
Not involved in haram industry
The asset is scored across 7 Shariah principles.
Based on Red Line Screening and HCS Scoring.
Halal
This cryptocurrency is evaluated as Halal for investment and use because it shows strong alignment with CoinStudy HCS principles.
Explanation
This asset demonstrates strong Sharia compliance with real utility and transparent financial structure.
Reviewed by
CoinStudy Shariah Board
The race to build artificial general intelligence is one of the most consequential technological competitions in human history.
OpenAI, Google DeepMind, Anthropic, Meta — some of the most well-funded technology organizations in the world are competing to develop ever more capable AI systems. The question of who controls the most powerful AI — and how that power is governed — will shape the world in ways that are difficult to fully anticipate.
The Artificial Superintelligence Alliance was formed with a specific response to this challenge — creating a decentralized AI ecosystem where advanced AI capabilities are developed, owned, and governed by a broad coalition rather than concentrated in any single corporation. The alliance emerged from the merger of three significant AI blockchain projects: Fetch.ai, SingularityNET, and Ocean Protocol, united under the FET token.
That mission — decentralizing control of advanced AI — has genuine importance. For Muslim investors, the question is whether the financial and economic structure behind that mission is permissible.
We ran FET through the full CoinStudy Halal Crypto Standard (HCS) methodology. Here's the complete picture.
The Artificial Superintelligence Alliance passes the CoinStudy HCS Sharia red-line screening with no violations. It scores 88 out of 100 and is classified as Halal. It has strong AI infrastructure utility, a perfect score on both Underlying Business Activity and Utility and Real Use, no built-in interest mechanism, and a clearly productive technology-focused economic model.
The Artificial Superintelligence Alliance (formerly Fetch.ai) is a blockchain-powered AI ecosystem designed to support autonomous digital agents, machine-to-machine coordination, decentralized AI services, digital automation networks, and distributed computing systems.
The project represents the merger of three established AI blockchain projects — Fetch.ai, SingularityNET, and Ocean Protocol — into a unified ecosystem under the FET token. This consolidation brought together complementary capabilities: Fetch.ai's autonomous agent infrastructure, SingularityNET's AI model marketplace, and Ocean Protocol's data exchange ecosystem.
FET tokens are used for network transactions, governance participation, AI service payments, and ecosystem coordination. The token has clear functional utility tied to genuine AI infrastructure services rather than speculative financial mechanisms.
The ecosystem enables autonomous AI agents to operate across decentralized environments — executing automated workflows, optimizing logistics systems, processing and exchanging data, providing machine-learning services, coordinating digital marketplaces, and supporting intelligent software applications.
The three merged components create complementary capabilities. Fetch.ai's agent framework provides the technical foundation for autonomous AI operations. SingularityNET's marketplace allows AI developers to publish and monetize AI services. Ocean Protocol's data marketplace enables secure data sharing that AI models can use for training and inference.
Together, these create a more complete decentralized AI stack — from data to model to agent deployment — than any of the three components could achieve independently.
FET serves as the economic coordination token across this combined ecosystem — used to pay for AI services, access platform features, participate in governance, and enable cross-ecosystem coordination.
The Alliance's mission to democratize access to advanced AI capabilities has specific resonance that Muslim investors should understand.
Concentrated corporate control over the most powerful AI systems creates real risks for communities whose values, needs, and perspectives are underrepresented in those corporations' priorities. If the AI systems that increasingly mediate access to information, financial services, healthcare, and education are controlled by a handful of companies in specific countries with specific cultural perspectives — communities outside those networks face real disadvantages.
A decentralized AI ecosystem where AI capabilities are developed, owned, and governed by a broad global coalition — rather than concentrated in Silicon Valley corporations — represents a meaningfully different distribution of AI power. For Muslim communities globally who want access to AI tools that respect their values and serve their needs, decentralized AI infrastructure has genuine practical relevance.
This isn't a compliance argument — it's context for understanding why the Alliance's mission resonates beyond the crypto AI investment thesis.
The Artificial Superintelligence Alliance scores a perfect 10 out of 10 on Utility and Real Use — reflecting genuine, demonstrated, and diverse real-world applications across the combined ecosystem.
Autonomous AI agents from Fetch.ai are deployed in real logistics optimization, energy trading, and decentralized finance coordination use cases. SingularityNET's marketplace hosts real AI services used by developers and researchers. Ocean Protocol's data marketplace enables real data sharing for AI applications. The combined ecosystem has measurable developer activity and real-world service consumption beyond speculative token trading.
That demonstrated multi-domain utility across real-world applications earns the perfect utility score.
The Artificial Superintelligence Alliance is not built around lending markets, borrowing systems, savings products, interest-bearing accounts, or debt-based financial services. The ecosystem focuses on software infrastructure and AI-powered services.
At the protocol level FET is completely free from Riba. The token serves network transactions, AI service payments, governance participation, and ecosystem coordination — all functional uses tied to genuine technology infrastructure operations rather than interest-based financial arrangements.
The score of 24 out of 25 on Financial Exposure Risk reflects this clean structure with a small deduction for indirect ecosystem exposure as the merged platform continues to evolve and potentially integrates with broader DeFi environments.
The Alliance's technological purpose is clearly defined across multiple AI domains — agent infrastructure, AI model marketplaces, and data exchange. The three-way merger creates a more complex ecosystem than single-project platforms, but the overall direction and purpose remain clear.
The Gharar score of 12 out of 15 reflects strong technological clarity with honest deductions for the complexity of managing a three-way merged ecosystem, the evolving nature of decentralized AI markets, and some uncertainty about how the combined platform's governance and tokenomics will develop over time.
The Alliance was not designed as a gambling platform or speculative financial product. AI infrastructure, agent services, data marketplaces, and machine-to-machine coordination represent genuinely productive economic activities.
However, AI-related crypto tokens frequently attract significant narrative-driven speculation. FET has experienced hype cycles driven by broader AI market enthusiasm rather than fundamental adoption metrics alone. The Maysir score of 11 out of 15 reflects this dual reality — genuine productive purpose with acknowledgment of AI narrative speculation affecting market behavior.
The Artificial Superintelligence Alliance clears every hard red line.
Riba Exposure — ✅ Passed. Not a lending or interest-based protocol.
Gambling and Betting — ✅ Passed. No gambling mechanism exists.
Haram Industry — ✅ Passed. AI infrastructure and computing services are not prohibited industries.
Guaranteed Interest — ✅ Passed. No guaranteed interest obligations.
Synthetic Interest Products — ✅ Passed. No synthetic interest instruments.
No red line violations were found. The Alliance is fully eligible for HCS scoring.
The Alliance is scored across 7 Shariah principles with a total of 100 points.
On Financial Exposure Risk, weighted at 25%, FET scores 24 out of 25. Clean AI technology infrastructure with minimal direct exposure to interest-based products. Small deduction for potential future DeFi integration risks as the ecosystem expands.
On Gharar and Uncertainty, weighted at 15%, FET scores 12 out of 15. Clear technological purpose across multiple AI domains. Deductions for the complexity of the three-way merger ecosystem, evolving governance structures, and uncertainty about long-term decentralized AI market development.
On Maysir and Speculation, weighted at 15%, FET scores 11 out of 15. No gambling mechanics in the AI infrastructure. Deductions for AI narrative-driven speculation and hype cycles that affect market behavior independently of fundamental adoption.
On Underlying Business Activity, weighted at 15%, FET scores a perfect 15 out of 15. AI agent infrastructure, machine learning services, data marketplaces, and intelligent automation represent fully permissible and genuinely valuable productive economic activity.
On Utility and Real Use, weighted at 10%, FET scores a perfect 10 out of 10. Demonstrated multi-domain utility with real-world AI agent deployments, active AI service marketplace activity, and genuine data exchange adoption across the combined ecosystem.
On Tokenomics Fairness, weighted at 10%, FET scores 8 out of 10. The three-way merger created some tokenomics complexity around initial allocations and the conversion between previous project tokens. Developing tokenomics frameworks are transparent but still maturing.
On Transparency and Governance, weighted at 10%, FET scores 8 out of 10. The combined Alliance maintains good technical transparency across the merged ecosystem. Governance is developing as the three-project merger settles into unified community governance. Strong documentation from all three contributing projects.
Overall HCS Score: 88 out of 100 — Halal
Muslim investors evaluating decentralized AI infrastructure have now seen multiple options in our series.
Bittensor (TAO) — 89/100, Halal. Decentralized AI marketplace with subnet-based model competition. Artificial Superintelligence Alliance (FET) — 88/100, Halal. Merged ecosystem combining AI agents, AI model marketplace, and data exchange. Sentient (SENT) — 87/100, Halal. Decentralized AI infrastructure with open development focus. Virtuals Protocol (VIRTUAL) — 83/100, Halal. AI agent platform focused on gaming and entertainment.
All four are classified as Halal. The ASI Alliance's one-point difference from Bittensor primarily reflects the additional complexity and governance uncertainty introduced by the three-way merger compared to Bittensor's more focused single-mission design.
The Alliance's broader combined scope — covering agents, models, and data — potentially creates more comprehensive AI infrastructure. Whether that breadth translates to stronger adoption than Bittensor's focused incentive model is the investment question Muslim investors need to form conviction about.
The three-way merger that created the ASI Alliance brought genuine complementary capabilities together. Data (Ocean Protocol) + AI models (SingularityNET) + autonomous agents (Fetch.ai) creates a more complete decentralized AI stack than any single project could provide.
But mergers also create integration challenges. Three previously independent communities, three token ecosystems, three sets of governance expectations — now unified under FET. The governance and tokenomics complexity this creates is reflected honestly in the deductions from perfect scores on those dimensions.
Muslim investors should understand both the genuine strategic logic of the merger and the real complexity it introduces as the unified ecosystem continues to develop.
Before investing in the Artificial Superintelligence Alliance, ask yourself honestly:
Do I understand what the merged ecosystem actually provides — AI agent infrastructure, AI model marketplace, and data exchange — and why this combination creates genuine value? Am I investing based on conviction in the decentralized AI thesis — or following AI narrative momentum? Do I understand the additional complexity introduced by the three-way merger and how it's being resolved through governance? Am I comfortable with the ecosystem maturity given the relatively recent merger? Is my position size appropriate for a project that, while strong, is navigating the integration of three previously independent platforms?
The Alliance rewards investors who understand the genuine technical and strategic logic of the merger — not those buying FET because decentralized AI is trending.
Artificial Superintelligence Alliance (FET) is generally considered halal under the CoinStudy Halal Crypto Standard with a score of 88 out of 100.
It serves a legitimate and genuinely important technological purpose — creating decentralized AI infrastructure through the combined capabilities of agent technology, AI model marketplaces, and data exchange systems. It operates without built-in interest mechanisms. It provides real utility through demonstrated multi-domain AI service adoption — earning perfect scores on both Underlying Business Activity and Utility and Real Use.
The concerns — merger complexity, governance development, AI narrative speculation, and ecosystem integration uncertainty — are real and honestly reflected in the score. But they don't constitute Sharia violations. They are investment considerations that responsible Muslim investors should understand clearly.
For Muslim investors interested in the intersection of AI and blockchain — the Artificial Superintelligence Alliance represents one of the most ambitious and broadly scoped halal AI infrastructure investments in the current market.
Disclaimer: This analysis is provided for educational and research purposes only. This analysis is based on guidance from CoinStudy's HCS Shariah Board members. CoinStudy does not issue personal fatwas or financial advice. Please consult a qualified Islamic scholar for individual guidance.
Guaranteed Interest
No guaranteed interest obligations
Synthetic Interest Products
No synthetic interest instruments
No Red Line Violations
This asset passed all Sharia red line checks.
Financial Exposure Risk
25%Indirect financial exposure to interest-based & yield products
Gharar / Uncertainty
15%Clarity in contracts and absence of excessive uncertainty
Maysir / Speculation
15%No gambling-like mechanics or high speculation design
Underlying Business Activity
15%The nature of the project's core business is permissible
Utility / Real Use
10%Genuine utility and real economic value
Tokenomics Fairness
10%Fair distribution, no exploitation, sustainable tokenomics
Transparency & Governance
10%Open-source, audited, clear governance structure
