Telcoin
TEL#148Telcoin (TEL) is the token of a fintech platform for mobile payments and remittances, planned as gas for a blockchain run by mobile operators.
- Market cap
- $191.55M
- Volume 24h
- $1.79M
- All-time high
- —
- Circulating supply
- 96.31B of 100B
Passes our 8 Shariah criteria. Needs caution: excessive uncertainty (gharar).
- 7 pass
- 1 caution
- 0 fail
Verdict history
- HalalCurrent
First publication
Fundamentals, market picture and news will appear here.
Halal analysis
Can a Muslim hold Telcoin?8 Shariah criteria
7 pass · 1 caution · 0 failHolding TEL pays no interest; validator and liquidity rewards are variable and tied to work or trading fees.
Riba is interest or any guaranteed increase on a loan. TEL itself pays holders nothing. Telcoin Network validators earn network fees and TEL issuance for running nodes, and TELx liquidity providers earn trading fees and TEL incentives; these returns are variable and tied to work or trading, not a fixed return on a loan. CryptoUmmah also finds no fixed returns. Sharlife lists TEL as permissible, so the criterion is at the maximum.
TEL is a governance and platform token planned as the gas token of the Telcoin Network.
This criterion asks whether the asset has real value as property (mal). TEL gives a role in governing the Telcoin Association, is used for platform incentives and is designed as the gas token of the Telcoin Network. Sharlife, the first authoritative source that rates it, lists TEL as permissible; the general scholarly dispute about crypto is reflected in confidence, not here. The criterion is at the maximum.
TEL is not built around chance or speculation; the platform serves payments and remittances.
Maysir is gambling: gaining or losing by chance rather than through productive exchange. TEL is not a meme or game-of-chance token; the platform it serves offers remittances and wallet services. CryptoUmmah scores maysir 81.4/100 and notes no explicit anti-speculation controls, but no concrete gambling mechanism was found, so the criterion is at the maximum.
The platform earns from remittances and services, but the affiliated bank backs its stablecoin mainly with interest-bearing government bonds or deposits.
This criterion asks how the issuer or ecosystem earns and whether any of that income is impermissible. Telcoin's core business is remittances and wallet services, which are permissible. Its affiliated Telcoin Digital Asset Bank, chartered in Nebraska in November 2025 and launched in June 2026, issues the eUSD stablecoin, and Nebraska states that stablecoin backing is predominantly US government bonds or deposits in FDIC-insured banks, which earn interest.
This income belongs to the bank, not to TEL or its holders, so Sharlife's permissible rating stands, but the score is below the maximum because the ecosystem now includes interest-bearing reserves.
A token migration is under way, minting is role-gated, the network is not yet live, and staking terms and audits are not fully disclosed.
Gharar is excessive uncertainty or hidden information. Supply is capped at 100 billion TEL and the migration terms are published, but on 24 September 2026 TEL began moving to a new v3 contract where a MintBurnWrapper holds minting and burning roles and the migration vault is upgradeable. The Telcoin Network, which gives TEL its gas role, is still under development. CryptoUmmah notes limited transparency on staking lock-ups and slashing and no named audit firms (gharar 73.3/100). These concrete uncertainties put the criterion at caution, although Sharlife lists TEL as permissible.
TEL is used for governance and platform incentives and is planned as network gas; the platform serves remittances.
This criterion looks at what the asset is actually used for. TEL is used for Association governance and TELx liquidity incentives and is designed as gas for the Telcoin Network; the wider platform serves remittances and mobile payments. These uses are permissible, so the criterion is at the maximum.
Fully paid spot TEL is available on KuCoin, Kraken, Bybit and DEX pools, and it can be held in self-custody.
This criterion asks whether the asset can be owned in a permissible way. TEL trades spot with full payment and delivery on exchanges and on Uniswap and Balancer pools, and as an ERC-20 token it can be held in self-custody. The criterion is at the maximum.
The platform aims at cheap remittances and mobile financial services; no fraud or hack is documented.
Maslahah weighs benefit against harm. Telcoin offers remittances to more than 40 e-wallets in more than 20 countries at 2% or less in total fees, and CryptoUmmah highlights its social benefit for underserved users. No source collected documents fraud or a hack involving TEL, so the criterion is at the maximum.
How you can use it
Tap a card for the ruling and sourcesBuying TEL with full payment and immediate delivery is available on KuCoin, Kraken, Bybit and other exchanges and on DEX pools. Holders of the old TEL v2 token can migrate at 1:1 until at least 24 September 2027.
No exchange-traded fund or product holding TEL was found. A product that held TEL would be judged like spot; its structure would need checking.
TEL is used inside the platform but not as general money. Tier-1 bodies such as Indonesia's MUI rule that using cryptocurrency as currency is not permissible.
Validation on the Telcoin Network is reserved for GSMA mobile network operators, who earn variable fees and TEL issuance for running nodes. Retail staking and delegation terms are not fully documented, so any product offering TEL staking must be checked for where its return comes from.
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 TEL through exchange or DeFi lending programmes pays depositors interest from borrowers. This is riba.
TELx pays liquidity providers trading fees and TEL incentives, which are variable returns for providing liquidity rather than interest. Yield products that lend TEL fail; check each product's source of return.
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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