Mina
MINA#141Mina is a proof-of-stake blockchain that stays tiny by using zero-knowledge proofs, so anyone can verify it; MINA pays fees and is staked.
- Market cap
- $213.37M
- Volume 24h
- $33.51M
- All-time high
- —
- Circulating supply
- 1.29B
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 Mina?8 Shariah criteria
8 pass · 0 caution · 0 failHolding MINA pays nothing; staking rewards are block rewards for producing blocks, but there is no slashing and delegation is passive.
Riba is interest or any guaranteed increase on a loan. MINA has no lending function at protocol level. Block producers earn 360 MINA per block (after the Mesa upgrade) and share it with delegators minus a fee, so rewards depend on who wins blocks. There is no slashing and delegators keep their tokens and can leave at any time, so their reward is passive, which keeps the score just below the maximum.
MINA is the native token of a live blockchain, needed for fees and staking.
This criterion asks whether the asset has real value as property (mal). MINA pays for transactions and zkApps and secures the network. Sharlife, the authoritative source, rates it permissible, so the general scholarly debate about crypto is reflected in confidence rather than this score.
MINA is a utility token, not a game of chance; its price fall is market risk.
Maysir is gambling: gaining or losing by chance rather than through productive exchange. MINA has no lottery or meme mechanics. Its price fell more than 98% from the 2021 high, which is market risk, not gambling in the asset. No coin-specific gambling feature is documented, so the criterion is at the maximum.
The network earns transaction fees and issues block rewards; no impermissible income is involved.
This criterion asks how the protocol earns. Mina's income is transaction and zkApp fees plus new MINA issued as block rewards. o1Labs and the Mina Foundation were funded from endowment allocations. No source shows interest-based or other impermissible revenue, so the criterion is at the maximum.
Supply rules, allocation and upgrades are public and voted on-chain.
Gharar is excessive uncertainty or hidden information. Mina publishes its allocation, vesting and inflation, the code is open source, and changes such as the removal of supercharged rewards and the Mesa upgrade were approved by community vote. Launch-era vesting has ended. No concrete hidden-information problem is documented, so the criterion is at the maximum.
MINA is used for fees, staking and governance on a working network.
This criterion looks at what the asset is actually used for. MINA pays for transactions and zkApps, is staked and is used in on-chain votes. App usage is still small, but low usage is not an impermissible use, so the criterion is at the maximum.
Fully paid spot MINA is available on major exchanges and can be held and delegated from a self-custody wallet.
This criterion asks whether the asset can be owned in a permissible way. MINA trades spot on major exchanges and is a native coin that can be held in a self-custody wallet and delegated without leaving it. Ownership does not depend on derivatives or leverage, so the criterion is at the maximum.
Mina makes blockchain verification cheap and supports privacy-preserving apps; no concrete harm is documented.
Maslahah weighs benefit against harm. Mina's design lets anyone verify the chain on light devices and supports apps that prove facts without revealing private data. No source shows the network being used mainly for fraud or harm, and no major security incident was found. The criterion is at the maximum.
How you can use it
Tap a card for the ruling and sourcesBuying MINA with full payment and immediate delivery is widely available, and the tokens can be moved to a self-custody wallet. This is the clean way to own a HALAL-rated asset.
No MINA exchange-traded fund was found as of 1 October 2026. A product that holds MINA itself and does not lend it would be judged like spot; its structure would need to be checked.
MINA pays network fees, which is a service payment, but it is not used as general money. Tier-1 bodies such as Indonesia's MUI rule that using cryptocurrency as currency is not permissible.
Native delegation pays variable block rewards for producing blocks, minus the producer's fee; tokens stay in the holder's account. There is no slashing, so delegators carry little risk. Custodial products that promise a fixed return should be checked.
Margin trading in MINA is offered by some exchanges but is never acceptable: it is a deferred exchange with borrowed money and leverage (AAOIFI SS 20).
MINA futures and perpetuals are offered by derivatives exchanges, but futures, perpetuals and options always fail under AAOIFI SS 20: deferred exchange without delivery, usually with leverage.
Lending MINA through exchange or DeFi lending programmes pays depositors interest from borrowers. This is riba.
Yield products beyond native delegation, such as exchange earn accounts, may get their return from lending and must be checked; lending-based yield fails.
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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