OFFICIAL TRUMP
TRUMP#85TRUMP is a meme token on Solana linked to Donald Trump; companies tied to him hold 80% of the supply, released over three years.
Does not clear all 8 Shariah criteria. Needs caution: nature of the asset, business model, excessive uncertainty (gharar), and benefit and harm (maslahah). Fails: gambling (maysir) and usage.
- 2 pass
- 4 caution
- 2 fail
Verdict history
- DoubtfulCurrent
First publication
Fundamentals, market picture and news will appear here.
Halal analysis
Can a Muslim hold OFFICIAL TRUMP?8 Shariah criteria
2 pass · 4 caution · 2 failHolding TRUMP pays nothing: the token has no staking, reward or interest function, and Coin Club perks are not a return on money.
Riba means interest or any guaranteed increase on a loan. TRUMP is a plain Solana token whose mint and freeze authorities are switched off; it has no staking, interest or fee-sharing function, so holding it produces no return. Leaderboard invitations to events are discretionary perks, not a payment on capital. With no interest mechanism in the asset, the criterion is at the maximum; lending TRUMP through third parties is interest and is covered under trading mechanisms.
TRUMP has no network, product or claim behind it; the project calls it an expression of support, and its only extras are discretionary club perks.
This criterion asks whether the asset has real value (mal): a working network, a utility or a claim on something real. TRUMP runs on Solana and has no network or fee role of its own, gives no governance rights and is not a claim on any company. The project describes it as an expression of support for the ideals behind the $TRUMP symbol and says it is not an investment. The only use beyond trading is the $TRUMP Coin Club, whose event invitations are discretionary and not guaranteed.
Islamic Finance Guru, the first-priority authoritative source, lists TRUMP as halal; this assessment departs from it here because the project's own description of a token without function is a concrete, coin-specific reason. The club perks and wide spot availability keep it at caution rather than fail.
TRUMP is a meme token whose value rests on speculation and brand attention; about 87% of its exchange volume is futures.
Maysir is gambling: gain or loss by chance rather than productive exchange. A meme token without function is a clear case, and TRUMP fits it: the project gives it no use beyond support for a symbol, and its price followed news about its namesake, falling from $73.43 in January 2025 to about $2 by October 2026. Holders also compete for event invitations by ranking on holdings. On 1 October 2026 perpetual futures made up about 87% of combined spot and perpetual volume on Binance and Bybit. CryptoUmmah scores maysir at 15/100.
Islamic Finance Guru lists TRUMP as halal without reasons that address its meme character, so this criterion departs from it.
The issuers' income is trading fees on TRUMP itself and the gradual sale of their 80% allocation, so their revenue depends on speculative trading in a meme token.
This criterion asks how the issuer earns and whether that income is permissible. TRUMP has no product revenue. At launch the website said the owners of Fight Fight Fight LLC would receive trading revenue, and CoinDesk reported that the creators netted about $320 million in trading fees by May 2025. The terms also let Fight Fight Fight LLC and its affiliates dispose of their tokens under pre-announced plans, possibly during promotions. Trading fees are not interest, but here they are earned from speculation in the issuers' own meme token, which is the concrete concern.
No interest income is shown, so the score stays in caution.
80% of the supply belongs to two companies tied to Donald Trump and unlocks over three years; they may dispose of tokens during promotions, and no public team is named.
Gharar is excessive uncertainty or hidden information. Some things are clear: the supply is capped at 1 billion, the mint and freeze authorities are null, and the allocation and three-year unlock are published. But 80% of the supply sits with CIC Digital LLC and Fight Fight Fight LLC, only about 28% was circulating on 1 October 2026, and the terms allow these companies to dispose of tokens at the same time as promotions. The operating team is not named. Holders cannot foresee when large insider sales will reach the market, which is the caution case.
TRUMP has no payment, computing or infrastructure use; it is used for speculative trading, mostly through futures, and for club rankings.
This criterion looks at what the asset is actually used for. TRUMP has no role in payments, computation or infrastructure. Its uses are holding, trading and ranking on Coin Club leaderboards. Trading is dominated by derivatives: on 1 October 2026 about 87% of combined spot and perpetual volume on Binance and Bybit was perpetual futures, which is always impermissible. With speculation as the main purpose, this criterion fails. Islamic Finance Guru lists TRUMP as halal without reasons for this coin; the lack of a use beyond speculation is the reason this criterion departs from it.
Fully paid spot TRUMP is available on major exchanges and Solana decentralised exchanges, and it can be held in any Solana wallet.
This criterion asks whether the asset can be owned in a permissible way. TRUMP trades spot, with full payment and delivery, on large centralised exchanges and on Solana decentralised exchanges, and it can be withdrawn to a self-custody wallet. The mint has no freeze authority, so balances cannot be frozen. Ownership does not depend on derivatives or leverage, even though those dominate volume, so the criterion is at the maximum.
The token offers little benefit beyond fan engagement, while large retail losses and its link to a sitting president's office led California to restrict official meme coins.
Maslahah weighs public benefit against harm. TRUMP's benefit is limited to fan engagement and club events. The harms are concrete: CoinDesk reported in May 2025 that 760,000 wallets had lost money on TRUMP, and the Office of the Governor of California said in September 2026 that nearly 1 million buyers had lost more than $3 billion while the President made about $636 million; California then barred its public officials from issuing meme coins. The token is not shown to be a tool for fraud as such, so the status is caution, at the low end of the band.
How you can use it
Tap a card for the ruling and sourcesBuying TRUMP with full payment and immediate delivery is available on major exchanges and Solana decentralised exchanges, and the tokens can be moved to a self-custody wallet. Spot is acceptable for a DOUBTFUL asset for those who follow the permissive view, but TRUMP fails the gambling and usage criteria.
Not available: no fund holding TRUMP had launched by 1 October 2026. Canary TRUMP Coin ETF filed with the SEC in August 2025 and amended its filing in February 2026. A fund holding TRUMP itself would be judged like spot, and its structure would need checking.
TRUMP is not used as a means of payment in practice. Tier-1 bodies such as Indonesia’s MUI rule that using cryptocurrency as currency is not permissible.
Not available natively: TRUMP is a Solana token with no staking function and no validation work. Products marketed as TRUMP staking or earn get their return from elsewhere, usually lending or liquidity fees, and must be checked.
Margin trading in TRUMP is offered but is never acceptable: it is a deferred exchange with borrowed money and leverage (AAOIFI SS 20).
TRUMP perpetual futures made up about 87% of its spot and perpetual volume on Binance and Bybit on 1 October 2026, but futures, perpetuals and options always fail under AAOIFI SS 20: deferred exchange without delivery, usually with leverage.
Lending TRUMP through exchange or DeFi lending programmes pays depositors interest from borrowers. This is riba.
TRUMP pays holders nothing and has no network work to reward. Yield products on TRUMP get their return from lending or similar 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
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