Is this crypto halal? Shariah screening report
Pepe
PEPE
- Price
- $0.000004
- Market cap
- $1.51B
- Circulating supply
- 413,772,355,123,227.6
- 24h change
- -0.15%
Report generated 8/27/2026, 6:34:28 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 token's primary stated purpose is to serve as a community-driven meme token. It has no explicit utility beyond trading and serving as a digital collectible. The project does not claim to solve any technical problems or provide specific technological innovations.
Honesty & Founder Intent Clear
The initial token distribution included no pre-sale or team allocation. 93.1% of the total supply was sent to the liquidity pool on Uniswap, with the remaining 6.9% being burned. The ownership of the contract was renounced, meaning the creators cannot modify the contract or mint new tokens.
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 token's primary stated purpose is to serve as a community-driven meme token. It has no explicit utility beyond trading and serving as a digital collectible. The project does not claim to solve any technical problems or provide specific technological innovations.
Current Usage
The token is primarily used for trading on various cryptocurrency exchanges. It has achieved significant trading volume and market capitalization, making it one of the most traded meme tokens in 2023.
Business Model
PEPE operates as a simple ERC-20 token with basic transfer functionality. There is no complex business model or additional features. The token has gained significant trading volume on major cryptocurrency exchanges.
Development Activity
There is minimal ongoing development activity as the token operates on a simple smart contract. The project maintains social media presence primarily for community engagement.
Token Distribution
The initial token distribution included no pre-sale or team allocation. 93.1% of the total supply was sent to the liquidity pool on Uniswap, with the remaining 6.9% being burned. The ownership of the contract was renounced, meaning the creators cannot modify the contract or mint new tokens.
Rating Justification
ComfortableFrom a Shariah compliance perspective, PEPE represents a straightforward digital asset with actual ownership transfer and real market trading. While it lacks complex utility, it functions as a tradable digital asset where genuine ownership transfers occur between parties. The token contract shows no mechanisms for gambling, interest (riba), or other prohibited activities. The basic transfer functionality and transparent tokenomics, combined with renounced contract ownership, indicate no obvious mechanisms for founder enrichment at the expense of users. While the project's primary use case is trading, this alone does not make it questionable from a Shariah perspective as real asset ownership and transfer occurs.
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