Cash Cat
CASHCAT#163Cash Cat is a cat meme coin on Robinhood Chain that its own website calls 'for entertainment purposes only'. It is not affiliated with Robinhood.
Does not clear all 8 Shariah criteria. Needs caution: business model and excessive uncertainty (gharar). Fails: nature of the asset, gambling (maysir), and usage.
- 3 pass
- 2 caution
- 3 fail
Verdict history
- DoubtfulCurrent
First publication
Fundamentals, market picture and news will appear here.
Halal analysis
Can a Muslim hold Cash Cat?8 Shariah criteria
3 pass · 2 caution · 3 failHolding CASHCAT pays nothing: it has no staking, interest or fee-sharing function.
Riba is interest or any guaranteed increase on a loan. CASHCAT is a plain meme token with no staking, reward or interest function, so holding it produces no return. CryptoUmmah scores riba 44.4/100 without naming an interest mechanism in the token. With no interest mechanism in the asset, the criterion is at the maximum; lending CASHCAT through third parties is covered under trading mechanisms.
Its own website says it has 'no intrinsic value or expectation of financial return'.
This criterion asks whether the asset has real value as property (mal). The Cash Cat website itself describes the token as having no intrinsic value and as being for entertainment only, and CryptoUmmah, the first authoritative source that rates it, calls its design intentionally zero-utility. A token that disclaims any value or function has very weak claim to being property with real benefit, so the criterion fails.
Its price rose more than twentyfold in days on sentiment alone, with no underlying activity.
Maysir is gambling: gaining or losing by chance rather than through productive exchange. CoinGecko data show CASHCAT rising from about $0.0065 on 6 July 2026 to $0.1719 on 11 July 2026, and CryptoUmmah cites a 1,700% one-day spike, with perpetual futures also listed. With value driven only by sentiment around a joke, gains for some are losses for others. CryptoUmmah scores maysir 15/100. The criterion fails.
No issuer business is disclosed, but fee-wallet outflows were reported and the project promotes a memecoin launcher.
This criterion asks how the issuer or project earns money and whether that income is impermissible. The website states 0% taxes and no product, but CryptoUmmah reports a fee wallet whose funds (about 170 ETH) were traced through a mixer, and the website promotes letscash.fun, a memecoin launcher. Who earns these fees and from what is not disclosed, so the criterion is at caution.
Distribution claims conflict, the team is anonymous and the audit claim is unverified; a mixer-funded fee-wallet claim comes only from CryptoUmmah's own unlinked on-chain research.
Gharar is excessive uncertainty or hidden information. CryptoUmmah reports conflicting sources on whether the whole supply went to the pool or 20% was a vested team allocation, no verifiable team and an unnamed audit, and scores gharar 23.8/100; it also reports an on-chain trace of fee-wallet funds through the same mixer that funded the launch, but this trace is CryptoUmmah's own research and is not corroborated by a primary or reputable source we could independently verify, so it is not treated as established fact here.
The confirmed uncertainties (conflicting distribution claims, anonymous team, unnamed audit) are concrete but do not on their own rise to a fail, so the criterion is at caution.
CASHCAT is used only for speculative trading, including perpetual futures.
This criterion looks at what the asset is actually used for. The website names no use beyond entertainment; the token is traded on exchanges and DEXs, and the website lists perpetual futures markets for it. With speculation as the only use, the criterion fails.
Fully paid spot CASHCAT is available on Upbit, KuCoin and Robinhood Chain DEXs, and it can be self-custodied.
This criterion asks whether the asset can be owned in a permissible way. CASHCAT trades spot with full payment and delivery on centralised exchanges and Uniswap on Robinhood Chain, and it can be held in a self-custody wallet. The criterion is at the maximum.
No fraud is proven, but mixer-routed fee-wallet outflows raise integrity questions.
Maslahah weighs benefit against harm. The token offers no benefit beyond entertainment. CryptoUmmah reports fee-wallet outflows traced through a mixer, which raises integrity questions but does not prove fraud. The main harms are counted under maysir and gharar, so this criterion stays at pass, below the maximum.
How you can use it
Tap a card for the ruling and sourcesBuying CASHCAT with full payment and immediate delivery is available, and the tokens can be self-custodied. Spot is only acceptable for a DOUBTFUL asset under the permissive view, and CASHCAT sits just above HARAM with its first authoritative rater calling it Haram.
No exchange-traded fund or product holding CASHCAT was found in the sources collected. A product that held CASHCAT would be judged like spot; its structure would need checking.
CASHCAT is not used as a means of payment. Tier-1 bodies such as Indonesia's MUI rule that using cryptocurrency as currency is not permissible.
Not available natively: CASHCAT has no staking function and no validation work. Products marketed as CASHCAT staking get their return from somewhere else and must be checked.
Margin trading is never acceptable: it is a deferred exchange with borrowed money and leverage (AAOIFI SS 20).
Futures, perpetuals and options always fail under AAOIFI SS 20: deferred exchange without delivery, usually with leverage.
Lending CASHCAT through exchange or DeFi lending programmes pays depositors interest from borrowers. This is riba.
CASHCAT pays holders nothing itself. Yield products on it get their return from lending or similar interest-like sources and fail.
Scholars quotes
Penggunaan cryptocurrency sebagai mata uang hukumnya haram, karena mengandung gharar (ketidakjelasan), dharar (bahaya) dan bertentangan dengan Undang-Undang nomor 7 tahun 2011 tentang Mata Uang dan Peraturan Bank Indonesia nomor 17 tahun 2015 tentang Kewajiban Penggunaan Rupiah di Wilayah Negara Kesatuan Republik Indonesia.Sebagaimana mata wang yang lain, mata wang digital hendaklah tidak digunakan sebagai bayaran kepada barangan, perkhidmatan dan aktiviti tidak patuh Syariah seperti pembelian dadah, pelacuran, perjudian dan pendanaan aktiviti keganasan serta penggubahan wang haram.The SAC has also resolved that investment and trading of Digital Assets that fulfil the above requirements and which are traded on Digital Asset Exchange (DAX) registered with SC are permissible.Third: In light of the above and given the significant risks associated with this type of currencies and the instability of their transactions, the Council of the Academy recommends pursuing research and studies on issues affecting its ruling.Bitcoin is a digital currency that does not meet the legal and Sharia criteria that make it a currency subject to the rulings of dealing with official legal currencies recognized internationally.بناءً على ذلك: فلا يجوز شرعًا تداول عملة "البتكوين" والتعامل من خلالها بالبيعِ والشراءِ والإجارةِ وغيرها، بل يُمنع من الاشتراكِ فيها؛ لعدمِ اعتبارِها كوسيطٍ مقبولٍ للتبادلِ من الجهاتِ المخُتصَّةِ، ولِمَا تشتمل عليه من الضررِ الناشئ عن الغررِ والجهالةِ والغشِّ في مَصْرِفها ومِعْيارها وقِيمتها، فضلًا عما تؤدي إليه ممارستُها من مخاطرَ عاليةٍ على الأفراد والدول.According to research and opinion of experts so far, cryptocurrency is not considered ‘ maal ’ (wealth) in Sharia.Muhammadiyah memandang transaksi dan investasi kripto pada dasarnya mubah (boleh) tetapi dengan syarat tertentu.The opinion on this is the same as doing the same with any halal assets such as shares – 1) is permissible, 2) is more debatable and there are differing opinions on short-term trading.Our current position is 'tawaquf'; we can't say it is halal or haram, but we say it is better not to engage in itAs I mentioned at the beginning of this article it is not necessary to substantiate the permissibility of something as long as there are no prohibited factors involved in it or surrounding it.AI-assisted analysis checked against sources. Not a fatwa or investment advice.
Where it trades
Section in preparation
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