Monad (MONAD)
SUMMARY
The Monad blockchain and its native $MON token are permissible to use and hold, as it is a neutral Layer 1 infrastructure. However, the ecosystem farming campaign involves interacting with various dApps, some of which require impermissible activities like lending/borrowing, perpetuals, and gambling. A halal path exists to qualify for ecosystem airdrops by sticking to permissible tasks such as staking, swapping, and social verification, while strictly avoiding the lending, perps, and prediction market tasks.
Verdict by Activity
How you can hold and use MONAD
Buy & Hold
Monad is a neutral Layer 1 blockchain and the $MON token is used for gas, making it permissible to receive and hold.
Connect wallet and verify X
OptionalSocial verification is a permissible task.
Buy and withdraw $MON
Purchasing and depositing a permissible token for gas is allowed.
Delegate $MON to validator
OptionalNative Proof-of-Stake delegation is generally permissible.
Liquid staking routing
OptionalUsing liquid staking protocols for a permissible L1 is allowed.
Swap tokens on DEXs
OptionalSpot swapping permissible tokens is allowed.
Deposit into liquidity pools
OptionalProviding liquidity to AMMs is debated among scholars; proceed with caution.
Supply/borrow on lending protocols
OptionalInterest-based lending and borrowing is strictly prohibited (Riba). Avoid this task.
Open perpetual futures positions
OptionalPerpetuals and margin trading involve leverage and excessive uncertainty. Avoid this task.
Make price predictions (bets)
OptionalPrice prediction markets are a form of gambling (Maysir). Avoid this task.
Shariah Component Breakdown
Shariah Analysis
revenue purity
CautionThe ecosystem farming campaign includes several haram tasks such as lending/borrowing, perpetuals, and gambling. However, a halal path exists by opting only for permissible tasks like staking and swapping.
business activity
PassedMonad is a Layer 1 EVM-compatible blockchain infrastructure. The core network is neutral and has no confirmed exposure to haram industries.
token utility
PassedThe $MON token is used to pay for network transaction fees (gas) on the Monad blockchain, which is a permissible utility.
Legitimacy & Security
project audits
PassedAudit and security information for the core project has been found.
social presence
PassedThe official website and dApp portal are confirmed, though users must be wary of phishing links impersonating ecosystem dApps.
whitepaper
PassedDocumentation and tokenomics for the Monad project have been found and verified.
Team & Ecosystem
team background
PassedThe project's identity is confirmed and it is backed by major venture capital firms including Paradigm.
Detailed Shariah Report
Overview
Monad is a Layer 1 EVM-compatible blockchain infrastructure where the native $MON token is used to pay for network transaction fees. While the official $MON airdrop concluded in November 2025, users are currently participating in an active ecosystem farming campaign to qualify for future airdrops by interacting with various decentralized applications.
Why This Verdict
The overall Monad ecosystem campaign is rated Doubtful because farming it requires navigating a mix of permissible and strictly prohibited decentralized applications. Regarding simply holding the asset, the $MON token is rated Doubtful in the system matrix due to the surrounding ecosystem activities, though the token itself is fundamentally used for gas on a neutral Layer 1 blockchain, making it permissible to receive and hold. The complexity lies in the opt-in mechanisms used to farm future ecosystem airdrops. Several tasks are Halal, including connecting a wallet for social verification, purchasing and depositing $MON, delegating stake to native validators, using liquid staking protocols, and spot swapping tokens on decentralized exchanges. Providing liquidity to DEX pools is rated Doubtful, as the mechanics of automated market makers remain debated among scholars. Crucially, three opt-in tasks are strictly Haram and must be avoided: supplying or borrowing on lending protocols which involves Riba, opening perpetual futures positions which involves leverage, and making price predictions on platforms like Blinq which constitutes gambling. A halal path exists only if an investor restricts their activity to the permissible tasks.
Permissible Aspects
- The core Monad blockchain is a neutral infrastructure with no confirmed exposure to haram industries.
- The $MON token has clear, permissible utility for paying network gas fees.
- Tasks such as social verification, native proof-of-stake delegation, liquid staking routing, and spot swapping on DEXs are permissible ways to interact with the ecosystem.
Points of Caution
- !Ecosystem farming guides explicitly recommend interacting with lending protocols, perpetuals, and prediction markets, which must be actively avoided by Muslim investors.
- !Providing liquidity to DEX pools is a debated practice among scholars and carries a Doubtful status.
- !Users must be highly vigilant against phishing links impersonating the official Monad claim portal or ecosystem dApps.
Purification Note
Simply holding the $MON token or participating in the permissible farming tasks does not generate impure income, so no purification is required. If an investor accidentally earns yield from the haram opt-in tasks, such as interest from lending protocols or winnings from prediction markets, the entirety of those specific earnings must be purified by donating them to charity.
BOTTOM LINE
The Monad blockchain and its native $MON token are permissible to use and hold as neutral infrastructure. However, participating in the broader ecosystem airdrop campaign requires careful navigation, as several promoted dApps involve interest-based lending, leveraged trading, and gambling. Muslim investors can safely participate by sticking exclusively to permissible tasks like staking and spot swapping while strictly avoiding the prohibited activities. Final religious authority rests with a qualified scholar.
Fundamental Analysis Report
Monad is a highly anticipated, heavily funded ($225M) Layer 1 blockchain that successfully launched its mainnet in November 2025. Its technological innovation (parallel EVM execution) solves real scalability issues, and its massive ecosystem growth indicates strong long-term viability, despite the typical risks of post-launch token unlocks.
1. EXECUTIVE BOARD
2. THE DEEP DIVE
Fundamental Strengths
- Monad achieves massive throughput (10,000 TPS) with 1-second block times while maintaining full EVM compatibility, allowing Ethereum developers to easily port their dApps.
- It is backed by $225M from Paradigm and other major venture capital firms.
Critical Vulnerabilities
- High Fully Diluted Valuation (FDV) at launch and upcoming token unlocks (cliff vesting) could create significant sell pressure.
- The ecosystem is highly competitive, battling established giants like Solana and Base for liquidity and user retention.
Competitor Comparison
Compared to Solana, Monad offers native EVM compatibility, making it easier for Ethereum developers to migrate. Compared to Base (an Ethereum L2), Monad is a sovereign L1 with parallel execution, offering potentially higher throughput but lacking Ethereum's native security inheritance.
About Monad
The Monad blockchain and its native $MON token are permissible to use and hold, as it is a neutral Layer 1 infrastructure. However, the ecosystem farming campaign involves interacting with various dApps, some of which require impermissible activities like lending/borrowing, perpetuals, and gambling. A halal path exists to qualify for ecosystem airdrops by sticking to permissible tasks such as staking, swapping, and social verification, while strictly avoiding the lending, perps, and prediction market tasks.