JasmyCoin
JASMY#124JASMY is the utility token of Jasmy, a Tokyo company founded by former Sony executives that builds IoT data-management products.
- Market cap
- $262.62M
- Volume 24h
- $24.98M
- All-time high
- —
- Circulating supply
- 49.44B of 50B
Passes all 8 Shariah criteria.
- 8 pass
- 0 caution
- 0 fail
Verdict history
- HalalCurrent
First publication
Fundamentals, market picture and news will appear here.
Halal analysis
Can a Muslim hold JasmyCoin?8 Shariah criteria
8 pass · 0 caution · 0 failHolding JASMY pays nothing: the token has no staking, interest or fee-sharing function.
Riba is interest or any guaranteed increase on a loan. JASMY is an ERC-20 utility token; rewards go to people who share data with consent, which is payment for something provided, not interest. Sharlife, the first authoritative source that rates JASMY, lists it as permissible, and no interest mechanism is documented, so the criterion is at the maximum.
JASMY is a utility token for a data-sharing platform run by an operating company.
This criterion asks whether the asset has real value as property (mal). JASMY is meant to pay for data and services on Jasmy's IoT platform, run by a company with real products. Sharlife rates it permissible, and the general dispute among scholars about whether crypto is property is not a weakness of this coin, so the criterion is at the maximum.
JASMY has no chance-based payout or meme mechanics.
Maysir is gambling: gaining or losing by chance rather than through productive exchange. JASMY is a utility token without lottery, game or meme features. Its large price swings come from market trading, not from the design of the token, so the criterion is at the maximum.
Jasmy earns from IoT security and data products; no lending or interest income is documented.
This criterion asks how the issuer earns and whether any of that income is impermissible. Jasmy Corporation sells IoT, data-locker and security products such as Jasmy Secure PC. No interest-based or other impermissible income is documented, so the criterion is at the maximum.
Supply is fixed and the company is named, but one company issues and controls the token and real usage is not disclosed.
Gharar is excessive uncertainty or hidden information. JASMY's 50 billion supply is fixed and the issuer, Jasmy Corporation, and its leaders are named. But the token depends on a single company, holders have no say in its decisions, and there are no public figures on how much JASMY is actually used in its products; the main whitepaper is only in Japanese. CryptoUmmah also scores gharar lowest of its three pillars. This lowers the score within pass.
JASMY is meant for data-sharing rewards and payments in the Jasmy ecosystem; no impermissible use is documented.
This criterion looks at what the asset is actually used for. JASMY is designed to reward people who share data with consent and to pay for services in the Jasmy ecosystem. No dominant impermissible use is documented, so the criterion is at the maximum; the lack of usage figures is a data gap.
Fully paid spot JASMY is available and can be held in any Ethereum wallet.
This criterion asks whether the asset can be owned in a permissible way. JASMY trades spot with full payment and delivery on exchanges and is an ordinary ERC-20 token that can be held in self-custody. Ownership does not depend on derivatives or leverage, so the criterion is at the maximum.
Jasmy aims to give people control over their own data; no fraud or hack involving JASMY is documented.
Maslahah weighs benefit against harm. Jasmy's stated goal is data sovereignty: people decide who uses their data and are paid for it. No source collected documents fraud, a hack or a team dump involving JASMY; the steep fall in price since 2021 is a market loss, not a documented harm by the issuer. The criterion is at the maximum.
How you can use it
Tap a card for the ruling and sourcesBuying JASMY with full payment and immediate delivery is available on exchanges, and the tokens can be moved to a self-custody wallet. This is the clean way to own a HALAL-rated asset.
No JASMY exchange-traded fund was found as of 1 October 2026. A fund that holds JASMY itself and does not lend it would be judged like spot.
JASMY is meant for payments and rewards inside the Jasmy ecosystem, not as general money. Tier-1 bodies such as Indonesia's MUI rule that using cryptocurrency as currency is not permissible.
JASMY has no native staking: it is an ERC-20 token with no validation work. Products marketed as JASMY staking get their return from somewhere else, usually lending, and must be checked.
Margin trading in JASMY is offered by some exchanges but is never acceptable: it is a deferred exchange with borrowed money and leverage (AAOIFI SS 20).
JASMY perpetual futures are offered on several exchanges, but futures, perpetuals and options always fail under AAOIFI SS 20: deferred exchange without delivery, usually with leverage.
Lending JASMY through exchange or DeFi lending programmes pays depositors interest from borrowers. This is riba.
JASMY pays holders nothing itself. Yield products on JASMY get their return from lending or similar interest-like sources and fail.
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.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.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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