MarsCoin
MARSCOIN#189MarsCoin is a meme token on BNB Chain paired with a tokenized stock token; a 3% trading tax pays rewards to larger holders.
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 MarsCoin?8 Shariah criteria
3 pass · 2 caution · 3 failMarsCoin has no lending or interest; holder rewards come from a tax on trades.
Riba is interest or any guaranteed increase on a loan. MarsCoin has no lending, borrowing or fixed return. Holders of 10,000 tokens or more receive SPCXB from a vault funded by a 3% tax on each trade; the amount varies with trading and is not a return on a loan. No interest mechanism was found, so the criterion is at the maximum. The source of the rewards is weighed under business model.
MarsCoin is a meme token with no product, service or claim behind it.
This criterion asks whether the asset has real value as property (mal) with a lawful benefit. The project’s own website describes no function for MarsCoin other than trading it and receiving rewards for holding it, and CoinMarketCap tags it as a meme. It gives no claim on the stock token it is paired with. A token whose only content is a name and a trading pair lacks the real utility that scholars such as MUI and Muhammadiyah require, so the criterion fails.
The token exists for speculation: its price rose and fell sharply within weeks of launch.
Maysir is gambling: gaining or losing by chance rather than through productive exchange. MarsCoin produces nothing, so gains for one holder come only from later buyers. It was created on a meme launchpad on 27 July 2026, and its website shows a market cap near $130 million against about $1.92 million of pool liquidity. With no underlying activity, trading it is a bet on attention. The criterion fails.
There is no business; rewards to holders are funded by a 3% tax on other traders.
This criterion asks how the ecosystem earns and whether that income is impermissible. MarsCoin has no revenue from goods or services. Its only cash flow is a 3% tax on every purchase and disposal, passed to larger holders as SPCXB. This is not interest, but it moves money from new traders to existing holders without any productive activity, which is a concrete concern. The criterion is at caution.
The creator is anonymous, there are no documents or audit, and the paired stock token has no named issuer.
Gharar is excessive uncertainty or hidden information. The creator is known only as a wallet address, and the website names no team or legal entity. No whitepaper or audit is linked. The website says SPCXB mirrors a stock 1:1 but names no issuer, custodian or legal terms. Supply and taxes are visible on-chain, which keeps the criterion at caution rather than fail, at the bottom of the band.
MarsCoin is used only for speculative trading and holding for rewards.
This criterion looks at what the asset is actually used for. The project’s own materials show no use other than trading the token and holding it to receive rewards. With no lawful productive use, the criterion fails.
MarsCoin can be bought spot with full payment and held in self-custody.
This criterion asks whether the asset can be owned in a permissible way. MarsCoin trades spot on BNB Chain decentralised exchanges with immediate delivery to the buyer’s own wallet. The criterion is at the maximum; the problems lie in what the token is, not in how it can be held.
No fraud or documented harm by the project was found.
Maslahah weighs benefit against harm. MarsCoin brings no clear public benefit, but no fraud, hack or documented harm to holders was found in the sources collected. Lack of data is not a violation, so the criterion is at the maximum; the lack of benefit is weighed under the nature of the asset and usage.
How you can use it
Tap a card for the ruling and sourcesBuying MarsCoin with full payment and immediate delivery is possible on BNB Chain exchanges. The token is rated DOUBTFUL: it is a meme token with no utility, so caution is advised.
No exchange-traded fund or product holding MARSCOIN was found in the sources collected. A product that held MARSCOIN would be judged like spot; its structure would need checking.
MarsCoin 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.
MarsCoin has no staking and secures no network. Holders of 10,000 tokens or more receive SPCXB from a vault funded by the 3% trading tax; this is not a loan return, but it is paid by other traders and should be checked with a scholar.
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 MARSCOIN through exchange or DeFi lending programmes pays depositors interest from borrowers. This is riba.
MARSCOIN pays holders nothing itself. Yield products on MARSCOIN 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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