BeGreenly Coin Official

Piața criptomonedelor a învățat o lecție pe calea cea grea: ori de câte ori un stablecoin promite siguranță fără a explica cum este impusă acea siguranță, dezastrul este de obicei doar o chestiune de timp. De la UST la USDN, istoria este plină de proiecte care păreau solide—până în momentul în care s-au prăbușit.
Astăzi, un nou nume câștigă atenție: USD1. Susținut de o marcă puternică și o asociere politică, USD1 este promovat ca un dolar digital stabil. Dar dincolo de titluri și hype, rămân întrebări serioase fără răspuns. Cea mai importantă dintre ele este: este USD1 cu adevărat stabil, sau este doar un alt experiment cu risc ridicat îmbrăcat în certitudine?

Introduction
In recent years, cryptocurrency has become extremely popular, especially meme coins like Dogecoin, Shiba Inu, Pepe, and many others. These coins are often promoted through hype, social media trends, and influencers rather than real utility or economic value.
Many Muslim traders believe that spot trading of meme coins is halal because it does not involve leverage or interest. However, when analyzed under Islamic finance principles, meme coin trading even on spot markets falls into several prohibited categories such as gharar (excessive uncertainty), maysir (gambling), deception, and lack of intrinsic value. Every time some one profit in Meme Coin is actually some one is loosing money.
This article explains in detail why meme coin trading is considered haram in Islam, even when done on spot trading platforms.

What Are Meme Coins?
Meme coins are cryptocurrencies created mainly for fun, hype, or internet culture rather than solving real financial or technological problems.
Common characteristics include:
No real-world use caseNo strong development roadmapPrice driven by hype and speculationExtreme volatilityOften controlled by a few wallets (whales)
Examples include Dogecoin, Shiba Inu, Floki, Pepe, and many similar tokens launched daily.
Their value does not come from productivity, assets, or services but from speculation alone.
Islamic Principles of Halal Trade
Islam allows trade but with strict ethical conditions. Some core principles are:
1. Asset must have real value and benefit
The Prophet Muhammad (peace be upon him) forbade trade in items that have no real utility or lawful benefit.
2. No excessive uncertainty (Gharar)
Transactions involving unclear outcomes or unpredictable results are prohibited.
3. No gambling (Maysir)
Earning wealth purely through chance, speculation, or betting is haram.
4. No deception or market manipulation
Artificial hype, pump and dump schemes, and misleading promotion are forbidden.

Why Meme Coin Trading Falls Under Haram Categories
1. Meme Coins Have No Intrinsic Value
Most meme coins exist only because of jokes, trends, or hype.
They do not:
Provide services or utilitiesSolve economic problems

Their price is created artificially through speculation.
Islam requires trade to be based on real economic activity and benefit, not imaginary value.
2. Meme Coin Trading Is Pure Speculation (Maysir)
People buy meme coins hoping:
Someone else will buy at a higher priceA viral tweet will pump the priceHype will increase demandYou make profit while other trader looses moneyYour Profit is Someone's else loss

This is similar to gambling:
Win if hype growsLose if hype dies

There is no analysis of real productivity or income.
Allah clearly forbids gambling in the Quran:
"Intoxicants and gambling are abominations of Satan’s handiwork."

Quran 5:90
Meme coin trading functions exactly like a betting game on hype.
3. Extreme Gharar (Uncertainty)
Meme coins can drop:
50 percent in minutes90 percent in daysGo to zero suddenly

There is:
No predictable valueNo financial backingNo long-term stability
Islam forbids transactions based on excessive uncertainty because it leads to injustice and loss.
4. Market Manipulation Is Common
Most meme coins are controlled by early holders or insiders.
Common practices include:
Pump and dump schemesFake marketingInfluencer paid promotionsArtificial volume

Islam strictly forbids deception and manipulation in trade.
The Prophet (peace be upon him) said:
"Whoever deceives is not one of us."

Sahih Muslim
5. Wealth Transfer Without Productivity
In meme coin trading:
One trader gains moneyAnother trader loses money
No product is createdNo service is deliveredNo economic value is added
This is zero-sum speculation, which Islam discourages. Every time you trade and gain profit is actually someone's loss.
Halal wealth should come from productive and beneficial activities.
Why Spot Trading Does Not Make It Halal
Many argue:
"I am not using futures or leverage, only spot trading."
However, even spot trading becomes haram if the asset itself is haram to trade.
For example:
Gambling chips bought with cash and use to trade are still haram.Alcohol bought in cash is still haram either drink it Trade it.
Similarly, trading a speculative and harmful asset remains haram regardless of trading method.
The issue is not leverage only.
The issue is:
SpeculationGhararMaysirDeception
All present in meme coins.
Views of Islamic Scholars on Speculative Assets
Many contemporary scholars state:
Assets with no intrinsic value used only for speculation fall under maysir and gharar.
Institutions like:
Islamic Fiqh Academy

AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions)
Have warned against high-risk speculative instruments that resemble gambling behavior.
Halal Alternatives in Crypto (If Done Properly)
Some blockchain projects focus on:
Real utilityPaymentsSmart contractsInfrastructureTokenized assets

If structured properly, transparent, and non-speculative, some scholars allow certain crypto assets.
However meme coins almost never meet halal criteria.
Conclusion
Trading meme coins is haram in Islam even on spot markets because:
They have no real intrinsic valueThey rely on hype and speculationThey resemble gambling (maysir)They contain excessive uncertainty (gharar)They are heavily manipulated
Islam promotes ethical wealth building through productive trade, not hype-based betting.
For Muslims seeking halal income, avoiding meme coin trading is the safest and most correct path according to Islamic principles.
References
Quran 5:90 on gambling prohibitionSahih Muslim Hadith on deception in tradeAAOIFI Shariah Standards on speculative transactionsIslamic Fiqh Academy rulings on excessive ghararMufti Taqi Usmani writings on modern financial speculationInvestopedia explanation of speculative trading behaviorJournal of Islamic Finance studies on uncertainty in modern markets