Trust Wallet Token
TWT#131TWT is the utility token of Trust Wallet, a self-custody crypto wallet: it gives fee discounts, gas payments, loyalty rewards and community votes.
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 Trust Wallet Token?8 Shariah criteria
8 pass · 0 caution · 0 failHolding TWT pays nothing, but locking it can bring discretionary 'yield boosts' whose source is not stated.
Riba is interest or any guaranteed increase on a loan. TWT has no interest function, and Trust Wallet does not lend users' funds. Sharlife, the first authoritative source that rates TWT, lists it as permissible. The litepaper says users who lock TWT can receive discretionary rewards including 'yield boosts' through Trust Premium, without saying what yield is boosted; if it is yield from lending, the boost would share in interest. This possibility lowers the score slightly within pass.
TWT is a working utility token in a widely used wallet: discounts, gas and access.
This criterion asks whether the asset has real value as property (mal). TWT gives fee discounts, pays gas and unlocks services in Trust Wallet. Sharlife rates it permissible, and the general dispute among scholars about whether crypto is property is not a weakness of this coin, so the criterion is at the maximum.
TWT has no chance-based payout or meme mechanics.
Maysir is gambling: gaining or losing by chance rather than through productive exchange. TWT is a wallet utility token with no lottery or game design. Market speculation is not a feature of the token, so the criterion is at the maximum.
Trust Wallet is a non-custodial wallet; no lending or interest income is documented for it.
This criterion asks how the issuer earns and whether that income is impermissible. Trust Wallet is a self-custody wallet that does not hold or lend users' funds, and TWT has no revenue-sharing or buyback tied to income. CryptoUmmah finds no interest-bearing reserves or riba-based revenue at protocol level. No impermissible income is documented, so the criterion is at the maximum.
Supply is fixed, but rewards are discretionary and one company decides allocations and utilities without published treasury rules.
Gharar is excessive uncertainty or hidden information. TWT supply is fixed and the 2020 burn is documented. But rewards for locking TWT are discretionary, the remaining allocation for growth, liquidity and team is not itemised, the litepaper gives no treasury control rules, and holders vote only on community and marketing topics. These lower the score within pass.
TWT is used for discounts, gas and services in a wallet with a broad user base.
This criterion looks at what the asset is actually used for. TWT is used inside Trust Wallet for fee discounts, gas payments, loyalty and community voting. No dominant impermissible use of the token is documented, so the criterion is at the maximum.
Fully paid spot TWT is available and can be held in self-custody.
This criterion asks whether the asset can be owned in a permissible way. TWT trades spot with full payment and delivery and can be held in any BNB Smart Chain wallet, including Trust Wallet itself. Ownership does not depend on derivatives or leverage, so the criterion is at the maximum.
Trust Wallet gives people self-custody of their assets; no fraud or hack involving TWT is documented.
Maslahah weighs benefit against harm. Trust Wallet lets users hold their own assets without a custodian and publishes education on risks such as rug pulls. No source collected documents fraud or a hack involving TWT. The criterion is at the maximum.
How you can use it
Tap a card for the ruling and sourcesBuying TWT with full payment and immediate delivery is available, and the tokens can be moved to a self-custody wallet. This is the clean way to own a HALAL-rated asset.
No TWT exchange-traded fund was found as of 1 October 2026. A fund that holds TWT itself and does not lend it would be judged like spot.
TWT pays gas and fees inside Trust Wallet but is not general money. Tier-1 bodies such as Indonesia's MUI rule that using cryptocurrency as currency is not permissible.
TWT has no validation staking. Locking TWT for Trust Premium brings discretionary rewards and 'yield boosts' whose source is not stated; check whether any boosted yield comes from lending.
Margin trading in TWT is offered by some exchanges but is never acceptable: it is a deferred exchange with borrowed money and leverage (AAOIFI SS 20).
TWT perpetual futures are offered on several exchanges, but futures, perpetuals and options always fail under AAOIFI SS 20: deferred exchange without delivery, usually with leverage.
Lending TWT through exchange or DeFi lending programmes pays depositors interest from borrowers. This is riba.
Yield products on TWT, including using it as collateral on lending platforms, get their return from lending or similar interest-like sources and fail.
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
Similar halal assets
Halal verdict, same category
