Is this crypto halal? Shariah screening report
Memecoin
MEME
- Price
- $0.000530
- Market cap
- $34.17M
- Circulating supply
- 64,472,356,781
- 24h change
- -0.57%
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
The stated purpose of MEME is to serve as a decentralized meme token celebrating internet culture and crypto memes. While it doesn't claim complex utility, it functions as a transferable digital asset.
Honesty & Founder Intent Clear
MEME had a fair launch with no pre-mine or team allocation. 100% of the tokens were made available to the public through a free claim mechanism based on historical NFT and crypto activity. Development and Adoption The project maintains basic token functionality without complex features. It has achieved listing on major exchanges and maintains active trading volumes. The development activity focus
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
The stated purpose of MEME is to serve as a decentralized meme token celebrating internet culture and crypto memes. While it doesn't claim complex utility, it functions as a transferable digital asset.
Current Usage
Primary usage revolves around trading and holding as a digital asset. The token successfully maintains its basic utility as a transferable cryptocurrency.
Token Distribution
MEME had a fair launch with no pre-mine or team allocation. 100% of the tokens were made available to the public through a free claim mechanism based on historical NFT and crypto activity. Development and Adoption The project maintains basic token functionality without complex features. It has achieved listing on major exchanges and maintains active trading volumes. The development activity focuses on maintaining the core token contract.
Rating Justification
ComfortableSharia Compliance Analysis Based on our analysis, MEME demonstrates compatibility with Sharia principles for the following reasons: 1. The token involves actual asset ownership and transfer 2. It operates with transparency in its distribution and operation 3. The project does not involve prohibited activities like gambling or interest- based transactions 4. While simple in utility, it functions as a legitimate digital asset with clear ownership rights
- The token involves actual asset ownership and transfer
- It operates with transparency in its distribution and operation
- The project does not involve prohibited activities like gambling or interest-
- While simple in utility, it functions as a legitimate digital asset with clear
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.
- corpus