ApeCoin

APE has no interest-bearing design; staking returns are variable but earned passively.

Riba is interest or any guaranteed increase on a loan. CryptoUmmah finds that the core design has no interest-bearing instruments and that staking most closely resembles mudarabah, a profit-sharing contract, with variable, non-guaranteed returns. Stakers earn passively without doing network work, so the criterion is just below the maximum. Sharlife lists APE as permissible.

APE is the gas token of ApeChain and an access token for the Otherside world.

This criterion asks whether the asset has real value as property (mal). APE pays transaction fees on ApeChain and is used for access and purchases in the Bored Ape ecosystem. Sharlife, the first authoritative source that rates it, lists it as permissible, so the criterion is at the maximum.

APE is not a game of chance, but it is deeply tied to speculative NFT culture.

Maysir is gambling: gaining or losing by chance rather than through productive exchange. APE itself has no gambling mechanics. CryptoUmmah scores maysir 53.6/100 because the token is intertwined with NFT culture where values follow social sentiment, and APE trades more than 99% below its 2022 high. The criterion stays at pass, below the maximum.

APE has no issuer income model; network fees are paid in APE and no impermissible income is documented.

This criterion asks how the issuer or ecosystem earns and whether that income is impermissible. APE is fully issued, and ApeChain charges gas in APE for transactions. No interest or other impermissible income tied to the token is documented, so the criterion is at the maximum.

Supply is fixed and fully circulating, but no audits are named and control has moved from a DAO to a company.

Gharar is excessive uncertainty or hidden information. All 1 billion APE circulate, so supply holds no surprises. CryptoUmmah found no named audit firms or published findings and scores gharar 56.6/100, and press reports say governance moved from the DAO to a company, ApeCo. These gaps keep the criterion at pass, below the maximum.

Fully paid spot APE is widely available and can be held in self-custody.

This criterion asks whether the asset can be owned in a permissible way. APE trades spot with full payment and delivery on major exchanges and can be held in self-custody as an ERC-20 token. The criterion is at the maximum.

APE supports a creator and gaming community, but holders have suffered very large losses.

Maslahah weighs benefit against harm. APE supports games, virtual worlds and creator communities. CryptoUmmah notes that the token has lost the vast majority of its value and that ApeChain activity is declining. No fraud by the project was found. The criterion is at pass, just below the maximum.