Nexo

This token is currently classified as Haram due to its close connection to interest-based lending and borrowing activities.

NEXO is currently classified as haram because it is fundamentally tied to a lending and borrowing ecosystem built around interest-based financial returns. The Shariah concern is direct and central, not incidental. Since the token’s value and utility are linked to that riba-based framework, it is not regarded as Shariah-compliant.