Fartcoin
FARTCOIN#150Fartcoin is a joke meme coin on Solana, launched on Pump.fun in October 2024 amid hype around the AI agent Truth Terminal.
Does not clear all 8 Shariah criteria. Needs caution: excessive uncertainty (gharar). Fails: nature of the asset, gambling (maysir), and usage.
- 4 pass
- 1 caution
- 3 fail
Verdict history
- DoubtfulCurrent
First publication
Fundamentals, market picture and news will appear here.
Halal analysis
Can a Muslim hold Fartcoin?8 Shariah criteria
4 pass · 1 caution · 3 failHolding Fartcoin pays nothing: it has no staking, interest or fee-sharing function.
Riba is interest or any guaranteed increase on a loan. Fartcoin is a plain SPL token with no staking, reward or interest function, so holding it produces no return. CryptoUmmah scores riba 53.8/100 without naming an interest mechanism in the token. With no interest mechanism in the asset, the criterion is at the maximum; lending Fartcoin through third parties is covered under trading mechanisms.
A joke meme token with no product, function or rights.
This criterion asks whether the asset has real value as property (mal). Fartcoin has no team, whitepaper, governance or use; it gives holders no rights, and CoinGecko describes it as built around fart jokes. CryptoUmmah, the first authoritative source that rates it, finds it serves no utility beyond entertainment and has no treasury backing. An asset whose only content is a joke and market sentiment has very weak claim to being property with real benefit, so the criterion fails.
Its value is driven by sentiment alone: it rose to $2.15 billion in three months and fell to $217 million.
Maysir is gambling: gaining or losing by chance rather than through productive exchange. Fartcoin launched on a memecoin launchpad amid AI-agent hype. Decrypt reports it reached a $2.15 billion market value within three months, then fell to $217 million in March 2025; on 1 October 2026 it was about 92% below its high. CryptoUmmah scores maysir 15/100 and says trading it mimics zero-sum wagering. The criterion fails.
There is no issuer or protocol that earns income, so there is no impermissible revenue.
This criterion asks how the issuer or project earns money and whether that income is permissible. Fartcoin has no issuer, treasury, fees or revenue, and its mint authority is revoked. With no concrete impermissible income, the criterion is at the maximum; its speculative nature is assessed under gambling and usage.
Anonymous deployer, no documentation or audit, and a poor automated code-security rating, although the supply is fixed.
Gharar is excessive uncertainty or hidden information. The mint and freeze authorities are revoked and the supply is fixed, but the deployer is unnamed, there is no whitepaper, governance or risk disclosure, and CryptoUmmah reports a 'Poor' automated CertiK code-security rating and scores gharar 33.6/100. These concrete uncertainties put the criterion at caution, at the low end.
Fartcoin is used only for speculative trading.
This criterion looks at what the asset is actually used for. No app, payment use or service built around Fartcoin was found; it is held and traded on exchanges and Solana DEXs for speculation. CryptoUmmah also finds no use beyond entertainment. With speculation as the only use, the criterion fails.
Fully paid spot Fartcoin is available on Coinbase, Kraken and Solana DEXs, and it can be self-custodied.
This criterion asks whether the asset can be owned in a permissible way. Fartcoin trades spot with full payment and delivery on Coinbase, Kraken and other exchanges and on Raydium and Orca, and as an SPL token it can be held in self-custody. The criterion is at the maximum.
No concrete fraud, hack or team dump is documented; the harm of speculation is counted under gambling.
Maslahah weighs benefit against harm. Fartcoin offers little benefit beyond entertainment, but no source collected documents fraud, a hack or a rug pull involving it, and the mint cannot be changed. The harm from speculation is counted under maysir and usage, not again here, so this criterion is at the maximum.
How you can use it
Tap a card for the ruling and sourcesBuying Fartcoin with full payment and immediate delivery is available on Coinbase, Kraken and Solana DEXs, and the tokens can be moved to a self-custody wallet. Spot is acceptable for a DOUBTFUL asset for those who follow the permissive view, but Fartcoin fails the gambling criterion and its first authoritative rater calls it Haram.
No exchange-traded fund or product holding Fartcoin was found in the sources collected. A product that held Fartcoin would be judged like spot; its structure would need checking.
Fartcoin 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: Fartcoin has no staking function and no validation work. Products marketed as Fartcoin staking get their return from somewhere else, usually lending or incentives, 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 Fartcoin through exchange or DeFi lending programmes pays depositors interest from borrowers. This is riba.
Fartcoin 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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