Monad

Holding MON pays nothing; staking rewards are variable payments for validation, but slashing is not yet active and delegation is passive.

Riba is interest or any guaranteed increase on a loan. MON has no lending or interest function at protocol level. Each block pays 18 MON plus priority fees to validators, who share the inflationary part with delegators after commission, so rewards depend on work and stake share. Automated slashing is not implemented yet, so delegators earn without that risk, which keeps the score just below the maximum. CryptoUmmah also finds no interest mechanism.

MON is the native token of a live network and is needed to pay gas and stake.

This criterion asks whether the asset has real value as property (mal). MON pays for every transaction on Monad and secures it through staking, on a network with over $1 billion in DeFi value. CryptoUmmah rates it permissible as genuine infrastructure, so the general scholarly debate about crypto is reflected in confidence rather than this score.

MON is a utility token, not a game of chance; price swings are ordinary market risk.

Maysir is gambling: gaining or losing by chance rather than through productive exchange. MON has no lottery or meme mechanics and is used to pay for a real service. Speculative apps built by others on Monad are not features of the coin. No coin-specific gambling feature is documented, so the criterion is at the maximum.

The network earns transaction fees; no interest or other impermissible income is involved.

This criterion asks how the protocol earns. Monad's income is gas fees, part of which is burned and part paid to validators, plus new MON minted as block rewards. No source shows interest-based or other impermissible revenue at protocol level, so the criterion is at the maximum.

Rules are public, but insiders hold most supply and their first unlocks start in late November 2026.

Gharar is excessive uncertainty or hidden information. Monad publishes its allocation, inflation and lock-up terms in a MiCA white paper. Two concrete points lower the score within pass: the team, investors, treasury and Foundation-managed ecosystem pool together hold most of the supply, and investor and key-team tokens begin monthly unlocks after a one-year cliff from the November 2025 launch. CryptoUmmah also marks gharar as its weakest area (56.7).

MON is used for gas, staking and governance on an active network.

This criterion looks at what the asset is actually used for. MON pays fees for DeFi, payments and other apps and is staked to secure the network. No impermissible primary use is documented, so the criterion is at the maximum.

Fully paid spot MON is available on major exchanges and can be held and staked from a self-custody wallet.

This criterion asks whether the asset can be owned in a permissible way. MON was sold publicly on Coinbase and trades spot on major exchanges; it is a native coin that can be held in a self-custody wallet and staked, including through Ledger. Ownership does not depend on derivatives or leverage, so the criterion is at the maximum.

Monad offers fast, cheap Ethereum-compatible transactions; no concrete harm from the protocol is documented.

Maslahah weighs benefit against harm. Monad has run without outages since launch and is attracting regulated stablecoin issuers such as StraitsX. Phishing scams after launch were third-party fraud, not flaws in the protocol. The criterion is therefore at the maximum.