Luno
Centralized exchange- Spot fee
- —
- Coins with a halal verdict
- 1
- of those listed here
- Available in
- 2 of 6
- countries we track
- Checked
- Sep 27, 2026
Reliability
6.5/ 10
Score updated
- Proof of reserves9.0
- Licences7.0
- Incident history8.0
- Segregation of funds5.0
- Insurance fund0.0
- Security practices5.0
Liberandum halal verdict
Suitable with care
Luno is a spot-only exchange licensed in Malaysia, Indonesia and South Africa, with monthly proof of reserves attested by Moore. In Malaysia it offers Shariah-certified staking for ETH, SOL and ADA. It is suitable with care: trade spot, avoid fixed-yield products and check each coin on Liberandum.
Use
- Spot trading (Buy/Sell, Exchange)
- Certified staking (ETH, SOL, ADA in Malaysia)
Avoid
- Fixed-yield savings products
- Tokens off the Shariah list without a separate check
More details
Luno offers spot trading (Buy/Sell and the Luno Exchange order book) with immediate settlement, which meets the AAOIFI requirement of hand-to-hand exchange (Shariah Standard No. 1 and No. 20). Luno does not offer margin, futures or options, which removes the main prohibited products found on larger exchanges. Users should still avoid any yield product that pays a set return on deposited coins or stablecoins, because a fixed return on a loan-like deposit is riba. Luno Malaysia offers Shariah-certified staking: Ethereum staking certified by Amanie Advisors (announced December 2024) and Solana and Cardano staking certified by Sharlife (Amanie Advisors is a Shariah adviser registered with the Securities Commission Malaysia). Staking rewards come from network validation rather than lending. On its Malaysian Shariah page Luno also marks 12 listed assets as Shariah-compliant under Securities Commission standards; this is a label for part of the Malaysian catalogue, not a screen of all listed tokens, and Liberandum's own verdict per coin still applies. Reliability is moderate to good. Luno publishes monthly proof-of-reserves reports prepared by Moore Johannesburg with a Merkle-tree verifier (announced February 2024; latest report seen for December 2025), stating 1:1 backing of customer crypto. It holds a Recognized Market Operator registration from the Securities Commission Malaysia, an OJK licence in Indonesia (2026), an FSCA financial services provider licence in South Africa, an approval-in-principle from the Nigerian SEC and a Bermuda Monetary Authority Class F licence (August 2026). No hack with customer losses was found, but when leaving the EEA Luno blocked crypto transfers to external wallets from 29 June 2026, so EU users could only sell and withdraw fiat. Weak points: the terms allow pooled blockchain addresses and state that fiat deposits pass into Luno's ownership in exchange for a wallet credit, no independent confirmation of segregation was found, and no protection fund is disclosed. The reliability score is 6.5 out of 10. As of September 2026 Luno serves retail users mainly in Kenya, Nigeria, South Africa, Indonesia and Malaysia. It closed its EEA service on 31 August 2026 (it has no MiCA authorisation and calls the exit a commercial decision), and it does not operate in the US. No information was found on retail service in the Gulf states, Turkey or Pakistan.
How to use Luno the halal way
What is allowed and what to avoid on this exchange
- Allowed
Spot
Both sides settle at once
- Allowed
Convert
Buy/Sell settles immediately, like spot
- With care
Staking
ETH, SOL, ADA staking certified by Amanie, Sharlife (Malaysia)
- Avoid
Savings and Earn
No certified savings product
- Avoid
Margin
Not offered on Luno
- Avoid
Futures and options
Not offered on Luno
- Avoid
Loans
Borrowing on interest
- Avoid
Structured products
Fixed return, not certified
Shariah-compliant earn
In Malaysia, Luno's Ethereum staking is certified Shariah-compliant by Amanie Advisors and its Solana and Cardano staking by Sharlife. Luno says certifications are renewed annually. The contract type (e.g. wakalah) is not published.
Shariah-compliant Ethereum staking (Luno Malaysia)
Stake ETH from 0.00001 ETH or RM1; rewards (reported at launch as up to 2.5–3 % a year, variable) are paid weekly in ETH. No staking or unstaking fee; Luno deducts a service fee from rewards.
Structure · Certified by Amanie Advisors (announced December 2024). Luno states that staked tokens stay in the customer's ownership and are not lent to anyone; rewards come from network validation fees. The contract type is not published on the pages reviewed. Offered in Malaysia.
Shariah-compliant Solana and Cardano staking (Luno Malaysia)
Staking of SOL and ADA through Luno's validator partner, with variable network rewards.
Structure · Certified by Sharlife, a Shariah advisory firm (named on Luno Malaysia's Shariah page and newsroom); Luno says certifications are renewed annually. Tokens are staked, not lent. Contract type not published on the pages reviewed.
Partial token screening
On its Malaysian Shariah page Luno marks 12 assets (BTC, ETH, SOL, ADA, LINK, AVAX, POL, ATOM, XLM, LTC, XRP, UNI) as Shariah-compliant under Securities Commission Malaysia standards, with annual renewal. This covers only part of the Malaysian catalogue, not all markets or listed tokens.
Step by step
How to trade halal on Luno
Create an account and complete KYC
Sign up on luno.com or the Luno app in a supported country (Malaysia, Indonesia, Nigeria, South Africa, Kenya), verify your ID and selfie, and enable two-factor authentication.
Deposit local currency by bank transfer
Fund your local-currency wallet (MYR, IDR, NGN or ZAR) by bank transfer. Luno's wallet credit pays no interest to you; do not move funds into USDC Earn or any product with a set yield.
Check each coin on Liberandum
Luno's Shariah page lists 12 assets as Shariah-compliant in Malaysia, but check every coin's status on Liberandum before buying, especially tokens outside that list.
Buy on spot: Buy/Sell or Exchange
Use Buy/Sell for simple purchases or Exchange for order-book trading with lower fees. Both settle immediately. Luno has no margin, futures or options.
Use only certified staking
In Malaysia you can stake ETH (certified by Amanie Advisors) or SOL and ADA (certified by Sharlife) through Staking. Avoid yield products outside these certifications.
Withdraw long-term holdings to self-custody
Luno may hold customer crypto in pooled addresses. For long-term holdings, send coins from your Luno wallet to your own hardware or software wallet.
Availability
Where Luno serves users and under which licence
Your country:Choose your country
- EUEuropean Union
- IDIndonesia
- MYMalaysia
- NGNigeria
- GBUnited Kingdom
- USUnited States
- AFAfghanistanno data
- AXÅland Islandsno data
- ALAlbaniano data
- DZAlgeriano data
- ASAmerican Samoano data
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- AOAngolano data
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- VGBritish Virgin Islandsno data
- BNBruneino data
- BGBulgariano data
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- KHCambodiano data
- CMCameroonno data
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- BQCaribbean Netherlandsno data
- KYCayman Islandsno data
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- CXChristmas Islandno data
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- CGCongo - Brazzavilleno data
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- CZCzechiano data
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- DJDjiboutino data
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- DODominican Republicno data
- ECEcuadorno data
- EGEgyptno data
- SVEl Salvadorno data
- GQEquatorial Guineano data
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- EEEstoniano data
- SZEswatinino data
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- FKFalkland Islands (Islas Malvinas)no data
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- HTHaitino data
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- HNHondurasno data
- HKHong Kongno data
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- INIndiano data
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- LALaosno data
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- MLMalino data
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- MEMontenegrono data
- MSMontserratno data
- MAMoroccono data
- MZMozambiqueno data
- MMMyanmar (Burma)no data
- NANamibiano data
- NRNauruno data
- NPNepalno data
- NLNetherlandsno data
- NCNew Caledoniano data
- NZNew Zealandno data
- NINicaraguano data
- NENigerno data
- NUNiueno data
- NFNorfolk Islandno data
- KPNorth Koreano data
- MKNorth Macedoniano data
- MPNorthern Mariana Islandsno data
- NONorwayno data
- OMOmanno data
- PKPakistanno data
- PWPalauno data
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- PAPanamano data
- PGPapua New Guineano data
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- PHPhilippinesno data
- PNPitcairn Islandsno data
- PLPolandno data
- PTPortugalno data
- PRPuerto Ricono data
- QAQatarno data
- RERéunionno data
- RORomaniano data
- RURussiano data
- RWRwandano data
- WSSamoano data
- SMSan Marinono data
- STSão Tomé & Príncipeno data
- SASaudi Arabiano data
- SNSenegalno data
- RSSerbiano data
- SCSeychellesno data
- SLSierra Leoneno data
- SGSingaporeno data
- SXSint Maartenno data
- SKSlovakiano data
- SISloveniano data
- SBSolomon Islandsno data
- SOSomaliano data
- ZASouth Africano data
- GSSouth Georgia & South Sandwich Islandsno data
- KRSouth Koreano data
- SSSouth Sudanno data
- ESSpainno data
- LKSri Lankano data
- BLSt. Barthélemyno data
- SHSt. Helenano data
- KNSt. Kitts & Nevisno data
- LCSt. Luciano data
- MFSt. Martinno data
- PMSt. Pierre & Miquelonno data
- VCSt. Vincent & Grenadinesno data
- SDSudanno data
- SRSurinameno data
- SJSvalbard & Jan Mayenno data
- SESwedenno data
- CHSwitzerlandno data
- SYSyriano data
- TWTaiwanno data
- TJTajikistanno data
- TZTanzaniano data
- THThailandno data
- TLTimor-Lesteno data
- TGTogono data
- TKTokelauno data
- TOTongano data
- TTTrinidad & Tobagono data
- TNTunisiano data
- TRTürkiyeno data
- TMTurkmenistanno data
- TCTurks & Caicos Islandsno data
- TVTuvaluno data
- UMU.S. Outlying Islandsno data
- VIU.S. Virgin Islandsno data
- UGUgandano data
- UAUkraineno data
- AEUnited Arab Emiratesno data
- UYUruguayno data
- UZUzbekistanno data
- VUVanuatuno data
- VAVatican Cityno data
- VEVenezuelano data
- VNVietnamno data
- WFWallis & Futunano data
- EHWestern Saharano data
- YEYemenno data
- ZMZambiano data
- ZWZimbabweno data
- Country not found
Choose your country to see availability
Available in Indonesia
- Licence
- PT Luno Indonesia Ltd, licensed by OJK as a Digital Financial Asset Trader (KEP-17/D.07/2026).
- KYC
- Full KYC (ID + selfie) required before trading
- Local currency
- IDR deposits via local bank transfer
Available in Malaysia
- Licence
- Luno Malaysia Sdn. Bhd., registered by the Securities Commission Malaysia as a Recognized Market Operator (digital asset exchange).
- KYC
- Full KYC (ID + selfie) required before trading
- Local currency
- MYR deposits via local bank transfer
Restricted in Nigeria
- Licence
- Luno Fintech Nigeria Limited holds an approval-in-principle as a Virtual Asset Service Provider from the Nigerian SEC; full registration not yet confirmed.
- KYC
- Full KYC (ID + selfie) required before trading
- Local currency
- NGN deposits via local bank transfer
Restricted in United Kingdom
- Licence
- Luno Money Limited is listed only as a reporting entity with the UK Financial Intelligence Unit; Luno paused buying for some UK customers in October 2023. Current UK retail service not confirmed.
- KYC
- Full KYC required
Not available in United States
- Licence
- Luno does not operate in the United States.
- KYC
- Not applicable
Not available in European Union
- Licence
- No MiCA authorisation. Luno switched off EEA deposits and buying on 1 June 2026, blocked external crypto transfers on 29 June and closed accounts after 31 August 2026.
- KYC
- Not applicable
- IDIndonesiaAvailable
PT Luno Indonesia Ltd, licensed by OJK as a Digital Financial Asset Trader (KEP-17/D.07/2026).
- MYMalaysiaAvailable
Luno Malaysia Sdn. Bhd., registered by the Securities Commission Malaysia as a Recognized Market Operator (digital asset exchange).
- NGNigeriaRestricted
Luno Fintech Nigeria Limited holds an approval-in-principle as a Virtual Asset Service Provider from the Nigerian SEC; full registration not yet confirmed.
- GBUnited KingdomRestricted
Luno Money Limited is listed only as a reporting entity with the UK Financial Intelligence Unit; Luno paused buying for some UK customers in October 2023. Current UK retail service not confirmed.
- USUnited StatesUnavailable
Luno does not operate in the United States.
- EUEuropean UnionUnavailable
No MiCA authorisation. Luno switched off EEA deposits and buying on 1 June 2026, blocked external crypto transfers on 29 June and closed accounts after 31 August 2026.
Presence by country
- MYMalaysiaLuno Malaysia Sdn. Bhd., Recognized Market Operator (digital asset exchange) registered by the Securities Commission Malaysia.Licensed
- IDIndonesiaPT Luno Indonesia Ltd, OJK Digital Financial Asset Trader licence KEP-17/D.07/2026.Licensed
- NGNigeriaLuno Fintech Nigeria Limited, Nigerian SEC approval-in-principle as a Virtual Asset Service Provider.Registered
Reliability in detail
Overall 6.5 of 10
Proof of reserves
9.0Monthly proof-of-reserves reports by Moore Johannesburg (announced February 2024; signed report for December 2025 published), with a Merkle-tree verifier (Moore TrustReserve), stating 1:1 backing of customer crypto. Earlier quarterly reports by Mazars (2021–2022) ended in December 2022.
Licences
7.0SC Malaysia Recognized Market Operator; OJK Indonesia digital asset trader (2026); FSCA FSP 53314 South Africa; Nigerian SEC approval-in-principle; Bermuda Monetary Authority Class F (August 2026); AUSTRAC registration. No MiCA, FCA, VARA or US licence.
Incident history
8.0No hack with customer losses found. Luno paused buying for some UK users (October 2023). On leaving the EEA it blocked external crypto transfers from 29 June 2026, so users could only sell and withdraw fiat by 31 August 2026; balances left after that incur monthly inactivity and dormancy fees.
Segregation of funds
5.0Terms say customers keep legal ownership of crypto and creditors have no claim on it in insolvency, but Luno may use pooled addresses and fiat deposits pass into Luno's ownership in exchange for a wallet credit. No independent confirmation of segregation found.
Insurance fund
0.0No insurance or user protection fund disclosed.
Security practices
5.02FA (authenticator apps and hardware keys), biometric login and multi-signature wallets, with most assets reported in cold storage (third-party review). Cold-storage share and SOC 2 or ISO 27001 certification not confirmed from a primary source.
Fees
Spot trading, deposits and withdrawals
Spot trading
no data
Exchange fees differ by country and 30-day volume; third-party base figures: Malaysia 0.35 % maker / 0.6 % taker, Indonesia 0.17 % / 0.27 %. Buy/Sell includes a spread. No fee token.
Deposits
Local bank transfers are free in most markets; card purchases cost about 3.5 %. Crypto deposits are free.
Withdrawals
Fiat withdrawal fees vary by country (reported 2 % in Nigeria, Rp 15,000 in Indonesia). Crypto withdrawals carry a network fee set by Luno.
Halal coins you can buy on Luno
Coins with a halal verdict listed on this exchange
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