The Sandbox
SAND#145The Sandbox is a virtual world run by an Animoca Brands subsidiary; SAND is its token for purchases, staking and governance.
Passes our 8 Shariah criteria. Needs caution: usage.
- 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 The Sandbox?8 Shariah criteria
7 pass · 1 caution · 0 failHolding SAND pays nothing; staking rewards come from a share of platform fees, not a loan, though they are passive.
Riba is interest or any guaranteed increase on a loan. The whitepaper allocates half of a 5% fee on SAND transactions to a staking pool for SAND stakers, and describes staking as 'passive revenues'. This is a share of platform fees, not interest on a loan, but stakers do no work for it, so the criterion is just below the maximum. CryptoUmmah scores riba 71.7/100; Sharlife lists SAND as permissible.
SAND is the token used to pay for land, items and game access and to vote in the DAO.
This criterion asks whether the asset has real value as property (mal). SAND is used to pay for LAND, items and experiences in The Sandbox, to stake for creation items, and to vote on Foundation grants. Sharlife, the first authoritative source that rates it, lists it as permissible, and the Shariyah Review Bureau finds nothing unlawful in the token's utilities. The criterion is at the maximum.
SAND is not itself a game of chance, but its economy leans on speculative land trading and paid-entry contests.
Maysir is gambling: gaining or losing by chance rather than through productive exchange. The whitepaper designs skill-based challenges where players pay an entry fee and the winner takes the prize pool, and CryptoUmmah finds the economy centred on speculative land and NFT trading (maysir 66/100). SAND is a utility token rather than a bet, so the criterion stays at pass, below the maximum.
The platform earns fees on SAND transactions and sales of land, items and access.
This criterion asks how the issuer or ecosystem earns and whether that income is impermissible. TSB charges a 5% fee on SAND transactions, including sales and rentals of LAND, split between stakers and the Foundation, and earns from LAND sales and subscriptions. No interest or other impermissible income is documented, so the criterion is at the maximum; the contest design is assessed under usage.
Supply, allocations and fee rules are published, and almost all SAND is in circulation.
Gharar is excessive uncertainty or hidden information. SAND has a fixed 3 billion supply with 2.94 billion circulating, and the whitepaper publishes the team (19%) and company reserve (25.8%) allocations and the fee split. CryptoUmmah notes absent audits and limited team transparency, but the token’s terms are clear and the company is a known Animoca subsidiary, so no concrete uncertainty about what holders own was found.
SAND buys land and items, but it is also designed as the stake in winner-takes-all paid contests.
This criterion looks at what the asset is actually used for. Most uses, land, items, game access and governance, are permissible. But the whitepaper describes skill-based challenges where players pay SAND to enter and the winner takes the whole prize pool, which is the structure of a wager (qimar), and the Shariyah Review Bureau calls the platform's overall benefit questionable. These concrete concerns put the criterion at caution.
Fully paid spot SAND is widely available and can be self-custodied.
This criterion asks whether the asset can be owned in a permissible way. SAND trades spot on Upbit, Binance, Bithumb and many other exchanges and, as an ERC-20 token, can be held in self-custody. The criterion is at the maximum.
The Sandbox supports a creator economy; no fraud involving SAND is documented in the sources collected.
Maslahah weighs benefit against harm. The Sandbox lets creators build and earn from games and items, with Foundation grants for content. No source collected documents fraud involving SAND; a reported August 2026 exploit on bridged versions could not be confirmed and is recorded as a data gap. The harm of contests and speculation is counted under usage and maysir, so this criterion is at the maximum.
How you can use it
Tap a card for the ruling and sourcesBuying SAND with full payment and immediate delivery is widely available, and the tokens can be held in self-custody. Avoid using SAND for paid-entry contests where the winner takes the pool.
No exchange-traded fund or product holding SAND was found in the sources collected. A product that held SAND would be judged like spot; its structure would need checking.
SAND pays for land, items and game access inside The Sandbox. Permissible purchases there are acceptable; paid-entry winner-takes-all contests are not.
SAND staking pays a passive share of platform fees and creation items. It is not interest, but stakers do no work; check the current programme’s source of rewards before staking.
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 SAND through exchange or DeFi lending programmes pays depositors interest from borrowers. This is riba.
Native staking shares platform fees; third-party SAND yield products often get their return from lending, which fails. 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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