GateToken
GT#61GT is the token of the Gate crypto exchange, used to pay network fees and get trading discounts.
Passes our 8 Shariah criteria. Needs caution: business model, excessive uncertainty (gharar), and usage.
- 5 pass
- 3 caution
- 0 fail
Verdict history
- HalalCurrent
First publication
Fundamentals, market picture and news will appear here.
Halal analysis
Can a Muslim hold GateToken?8 Shariah criteria
5 pass · 3 caution · 0 failHolding GT pays no interest; staking rewards on Gate Chain are paid for validation work, while Gate's interest-bearing Earn products are separate.
Riba means interest or any fixed increase on a loan. Simply holding GT pays nothing. On Gate Chain, proof-of-stake rewards go to those who stake GT to secure the network; Gate says about 8.55 million GT were issued this way over about 5.5 years, around 0.99% a year, which is payment for validation work rather than interest, and the quarterly buyback and burn reduces supply without paying holders. Sharlife, the authoritative source for GT, rates it permissible.
The score is 90 rather than 100 because staking on Gate Chain can be done passively through delegation, and the GateChain website advertises returns of up to 20% without explaining their source. Gate Simple Earn, which lends deposited GT and pays the interest, is an optional exchange product assessed under lending and yield.
GT is the working gas token of two Gate networks and has exchange utility; Sharlife, the authoritative source for GT, rates it permissible.
Mal is property that Islamic law recognises as having value and that can be owned and traded. GT pays transaction fees on Gate Chain and Gate Layer, is staked to secure them, and gives fee discounts, token-launch access and airdrops on the Gate exchange; that is real utility, not an empty record. Official bodies disagree about crypto tokens in general: Malaysia's Securities Commission Shariah Advisory Council treats a digital currency without an underlying asset as a tradable good, while Darul Uloom Karachi (2026), Indonesia's MUI and state fatwa bodies in Egypt, Turkey and the UAE reject
cryptocurrency generally. That general dispute is reflected in confidence, not in this score. Sharlife rates GT permissible, so the criterion gets the full score; the dependence of GT's value on the exchange is judged under business model.
GT is not a gambling token, but the exchange it serves is dominated by derivatives.
Maysir means gambling, or gains that depend mainly on chance; ordinary price swings are not maysir. GT is not a meme or betting token: it pays gas and is staked. The activity around it is heavily speculative, though: on 27 September 2026 CoinGecko showed about 6 times more 24-hour volume on Gate's futures market than on its spot market, and CCData found that in August 2026 Gate's real-world-asset perpetuals alone ($64.7B) exceeded its entire spot volume ($40.0B).
Gate Layer, where GT is the gas token, also hosts Gate Fun, a Pump.fun-style token launcher, and Gate Perp, a perpetuals hub; those apps are judged under usage. Because GT itself has no gambling mechanic, this is pass, with the score lowered for the weight of derivatives around it.
GT's burns are funded by Gate's revenue, which very likely comes largely from derivatives and may include lending interest, but Gate publishes no revenue split, so the 20% and 5% limits cannot be tested.
For exchange tokens, the test looks at the income of the issuing exchange; fees from leveraged trading are disputed activity with a 20% limit, and interest is clearly impermissible with a 5% limit (AAOIFI Shari'ah Standard 20 treats futures without delivery as impermissible). The link is direct for GT: Gate says about 20% of platform revenue, mainly trading fees, buys back GT for the quarterly burns.
Gate publishes no revenue breakdown, but its volumes show derivatives are present on a large scale: real-world-asset perpetuals alone exceeded spot volume in August 2026, and its Q2 2026 report cites CFD weekly volume above $150 billion; it also runs Simple Earn, which lends user funds. Sharlife rates GT permissible as an exchange token without publishing a test of Gate's revenue; this criterion departs from it because derivatives revenue is shown to exist while its share is unknown, which under the threshold rule means caution, near the bottom of the band.
The supply cap and burns are published, but Gate controls the token, chains and frozen reserve, supply figures disagree, and its reserves are self-reported.
Gharar means excessive uncertainty or hidden terms. Some things are clear: GT's original supply was fixed at 300 million, and Gate publishes each quarterly burn, with 189.9 million GT burned by July 2026. But control is concentrated in one company that runs the exchange, Gate Chain and Gate Layer. Gate's GT page shows 12.25 million GT frozen without a published release schedule, circulating supply differs between Gate's own pages and CoinGecko (97.8 million versus 106.6 million), and no current open-source node code or technical documentation was located.
Sharlife rates GT permissible, but these documented gaps in what holders can verify keep this at caution; it is not fail, because the 300 million cap and the burns are on-chain.
GT is used for gas, staking and exchange perks, but its own networks now host a meme-token launcher and a perpetuals hub.
GT's basic uses are permissible in themselves: paying gas on Gate Chain and Gate Layer, staking, and fee discounts on Gate. But a notable part of the activity GT is designed to serve is disputed. Since September 2025 GT is the gas token of Gate Layer, whose flagship apps include Gate Fun, a Pump.fun-style launcher for new tokens, and Gate Perp, a perpetual-futures hub; on the exchange, GT perks apply across a venue where derivatives far exceed spot, and GT can be placed in Simple Earn, which lends it out for interest.
Sharlife rates GT permissible without addressing these apps; because they are documented flagship uses, this stays at caution, not fail, as no data measure their share of GT use.
GT can be bought on the spot market with full payment and held in self-custody as an ERC-20 token or on Gate's own chains.
This criterion only asks whether GT can be owned in a permissible form. GT trades on the spot market of Gate, one of the largest spot exchanges, can be paid for in full, and can be withdrawn to a personal wallet as an ERC-20 token on Ethereum or as a native coin on Gate Chain and Gate Layer. GT does not exist only as a leveraged or derivative wrapper, so the criterion gets the full score; spot liquidity concentrated on Gate is a practical limit, not a Shariah problem.
Gate's chains offer cheap infrastructure; Gate's past operation without registration in Japan lowers the score.
Maslahah means weighing real benefit against real harm. Gate Chain and Gate Layer offer low-cost, fast transactions, and Gate reports reserves above customer balances (115% in Q2 2026) and licences in Malta, Dubai, Japan and US states. One concrete harm lowers the score: Gate has served markets without authorisation, announcing in July 2024 the end of its services for Japan, where Gate.io was not registered with the regulator; it now serves Japan through a registered subsidiary.
GT itself is not mainly a tool for fraud or sanctions evasion, and the leveraged trading around it is counted under maysir and business model, not again here, so harm does not dominate.
How you can use it
Tap a card for the ruling and sourcesSpot GT with full, immediate payment is available on Gate and can be withdrawn to a personal wallet. Spot is acceptable for a HALAL-rated asset; the remaining doubts concern the issuer's revenue and control, not the spot method.
No fund or exchange-traded product that holds GT was found, so this route is not available. Gate's own "ETF" trading pairs are exchange products, not funds holding GT, and are not assessed as ETFs here.
GT pays network fees on Gate Chain and Gate Layer; no data on its use for everyday payments were found. Tier-1 bodies such as MUI (Indonesia, 2021) prohibit crypto as a means of payment, so this use is caution.
Staking GT on Gate Chain secures the network and Gate reports average rewards of about 0.99% a year, which is payment for validation work. But the GateChain site also advertises returns of up to 20% without explaining their source, and Gate's exchange 'staking' products such as Launchpool are different, so each product's structure must be checked; rated caution.
Always fail: borrowing with leverage and deferred exchange without delivery (AAOIFI SS 20).
Always fail: futures, perpetuals and options are deferred exchange without delivery, with leverage (AAOIFI SS 20). Gate is a leading derivatives venue.
Lending GT for a return is riba: Gate Simple Earn lends deposited GT to other users and passes on the interest (0.67% APR on 27 September 2026).
Simple Earn yield on GT comes from lending interest, so it fails. Launchpool and HODLer Airdrop rewards come from projects launching on Gate, and their source is not clearly stated; native Gate Chain staking is covered under staking.
Scholars quotes
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.The meeting concluded that exchange tokens are compliant with Shariah principles, meaning they do not inherently pose any Shariah issues.As 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.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.The GT token is rated Haram because its value accrual is directly tied to the non-compliant revenue of its parent exchange, Gate.io.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.Our current position is 'tawaquf'; we can't say it is halal or haram, but we say it is better not to engage in itAI-assisted analysis checked against sources. Not a fatwa or investment advice.
Where it trades
Section in preparation
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