Is this crypto halal? Shariah screening report
Manta Network
MANTA
- Price
- $0.058611
- Market cap
- $28.13M
- Circulating supply
- 480,003,884.233
- 24h change
- -0.52%
Report generated 8/27/2026, 6:34:27 PM · stored corpus assessment · confidence 88%
Crypto Halal Report Criteria
We use a disciplined framework to determine if a digital asset is Comfortable from a sharia perspective, based on three core pillars.
Purpose & Real-World Value Clear
Manta Network is a Layer 1 blockchain platform focused on providing privacy- preserving services for Web3. It aims to enable private transactions and decentralized applications while maintaining compliance and auditability. The network utilizes zero-knowledge proofs to ensure transaction privacy.
Honesty & Founder Intent Clear
The token distribution includes allocations for ecosystem development, team members, and early investors with appropriate vesting schedules. Team tokens are subject to a 3-year vesting period with a 1-year cliff, indicating long-term commitment. Technology Assessment The core technology focuses on privacy-preserving transactions and smart contracts, which align with Islamic principles as long as
Dealing with Risk & Speculation Clear
Speculative trading of a real asset is treated as trade, not gambling, under the screening framework.
Crypto Overview
Purpose and Utility
Manta Network is a Layer 1 blockchain platform focused on providing privacy- preserving services for Web3. It aims to enable private transactions and decentralized applications while maintaining compliance and auditability. The network utilizes zero-knowledge proofs to ensure transaction privacy.
Current Usage
Launched in January 2024, Manta Network has demonstrated significant early adoption. The network supports various privacy-focused DeFi applications and has partnerships with major blockchain platforms. The token is actively used for staking and governance.
Business Model
The MANTA token serves multiple purposes: it's used for network security through staking, governance participation, and as a means of payment for transaction fees. The project's focus on privacy while maintaining compliance aligns with Islamic principles of transparency and ethical conduct.
Development Activity
The project shows strong development activity with regular updates and improvements. The team maintains an active GitHub repository and frequently releases technical updates. The ecosystem includes various privacy-preserving applications built on top of the base layer.
Token Distribution
The token distribution includes allocations for ecosystem development, team members, and early investors with appropriate vesting schedules. Team tokens are subject to a 3-year vesting period with a 1-year cliff, indicating long-term commitment. Technology Assessment The core technology focuses on privacy-preserving transactions and smart contracts, which align with Islamic principles as long as they're not used for prohibited activities. The network's emphasis on compliance and auditability helps ensure transparency.
Rating Justification
ComfortableBased on our analysis, Manta Network's core functionality and utility align with Islamic principles. The project provides legitimate technological utility through its privacy-preserving infrastructure, and the token serves clear purposes within the ecosystem. While privacy features could potentially be misused, the built-in compliance mechanisms and legitimate use cases make this less concerning from a Shariah perspective. The token distribution and vesting schedules demonstrate reasonable measures to prevent manipulation, and the project's focus on development over marketing suggests genuine intention to build valuable infrastructure.
While we find this token comfortable to invest in from a Shariah-screening perspective, this does not imply we think it is a strong investment.
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Disclaimer: These reports are findings of AI analysis and cannot be guaranteed to be accurate. Ratings reflect opinions derived from automated criteria applied to the sources you submitted and a corpus of prior assessments. This is not a fatwa and does not determine Islamic law. Ratings may change as projects evolve. Always conduct your own research before investing.
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