Yes, the Luno Large Cap bundle is certified Shariah compliant. Sharlife, a registered Shariah Adviser under the Securities Commission Malaysia, has confirmed that the Luno Large Cap Bundle is compliant with Shariah principles.
View our Certificate of Shariah Compliance here.
Constituent assessment
The current constituents of the Luno Large Cap Bundle in Malaysia are Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and Solana (SOL). These have all been assessed as Shariah-compliant digital assets.
Contractual structure
Luno’s Large Cap bundle operates under a Wakala bi al-Ujrah Contract: users appoint Luno as wakil to execute and administer the bundle on their behalf. This includes rebalancing the bundle in accordance with the CoinDesk 5 Index methodology.
Screening and rebalancing
The constituents of the bundle are subject to ongoing Shariah screening. Any new asset proposed for inclusion in the bundle must be determined as Shariah-compliant prior to its inclusion.