Not available to buy here. We rate this Doubtful rather than Halal — scholars differ on it — so we don't offer it as a destination. You can still read the full verdict and the evidence behind it.
Is Mantle (MNT) Halal or Haram?
SUMMARY
Mantle operates as a permissible Layer-2 scaling network with genuine utility for gas and governance. However, the holding is rated Doubtful because the token contract retains a discretionary centralized mint function, and the exact proportion of protocol revenue derived from the treasury's interest-bearing assets (such as US Treasury-backed stablecoins) is unknown.
Verdict by Activity
How you can hold and use MNT
Buy & Hold
While the core L2 network is permissible, the token contract contains discretionary mint controls and the exact share of problematic treasury revenue is unknown.
Mantle Rewards Station
OptionalUsers lock MNT to earn ecosystem rewards funded by the Mantle Treasury, which generates mixed yield including interest from US Treasury-backed assets.
Shariah Component Breakdown
Shariah Analysis
Infrastructure — where it runs
PassedThe asset operates on Ethereum and the Mantle L2, which are neutral, general-purpose networks.
Application — what it does
PassedThe core business is a permissible Layer-2 scaling network; while the treasury holds interest-bearing assets, this is peripheral to the core L2 operation.
Asset — what you own
PassedThe primary utility of the token is for permissible gas fees and governance, with yield mechanisms being opt-in.
Property Status (Māl)
CautionThe token has genuine lawful use and established adoption, but the token contract contains a discretionary centralized mint function (MIP-22) allowing a central party to alter balances.
Revenue Purity
CautionThe protocol generates revenue from L2 fees and treasury yield (which includes interest-bearing US Treasuries), but the exact share of problematic revenue is unknown.
Legitimacy & Security
project audits
PassedAudit and security information was found and verified by the research.
social presence
CautionNot covered by research.
whitepaper
PassedOfficial documentation and tokenomics are published and verifiable.
Team & Ecosystem
team background
CautionNot covered by research.
Detailed Shariah Report
Overview
Mantle is an Ethereum Layer-2 scaling network designed to bridge traditional finance and decentralized finance (DeFi) by providing faster and cheaper transactions. Its native token, MNT, is a native protocol position used to pay transaction (gas) fees on the network, participate in DAO governance, and access ecosystem rewards.
Why This Verdict
The Shariah compliance of a digital asset is evaluated across three layers: the underlying infrastructure, the core application, and the asset itself. Mantle operates on Ethereum and its own Layer-2 network, which are neutral, general-purpose infrastructures. The core application—a Layer-2 scaling network—is a permissible business activity. Regarding the asset itself, a token qualifies as recognized property (Mal) in Islamic finance when it exists on-chain, carries lawful utility, and is treated as wealth. While MNT has genuine utility for gas and governance, it fails to fully satisfy the asset qualification layer because the token contract contains a discretionary centralized mint function (MIP-22), allowing a central party to alter balances. Consequently, simply buying and holding the MNT token is rated Doubtful. Beyond the centralized minting concern, the protocol generates revenue from both permissible L2 fees and a treasury that holds interest-bearing assets (like US Treasury-backed Ondo USDY), and the exact proportion of this problematic revenue is unknown. Additionally, the opt-in Mantle Rewards Station mechanism is rated Doubtful. Users who lock MNT to earn ecosystem rewards are receiving yield funded by the Mantle Treasury, which generates mixed returns that include interest from these US Treasury-backed assets.
Permissible Aspects
- The core business is a Layer-2 scaling network providing faster and cheaper transactions.
- The MNT token has genuine utility for paying network gas fees and participating in DAO governance.
- The protocol generates legitimate revenue from Layer-2 transaction fees (sequencer revenue) and Proof-of-Stake ETH staking.
- The underlying infrastructure (Ethereum and Mantle L2) is neutral and general-purpose.
Points of Caution
- !The token contract contains a discretionary centralized mint function (MIP-22), meaning a central authority can alter token balances, which compromises the asset's status as fully decentralized property.
- !The Mantle Treasury actively holds and earns yield from interest-bearing assets, including Ondo USDY (backed by US Treasuries) and the Mantle Index Four (MI4) fund.
- !The exact percentage of protocol revenue derived from these interest-bearing (Riba) sources is currently unknown.
- !The opt-in Mantle Rewards Station distributes yield funded by this mixed-revenue treasury, exposing participants to interest-based returns.
Purification Note
Because the exact proportion of the protocol's revenue derived from interest-bearing treasury assets is unknown, a precise purification rate for holding the token cannot be calculated. Investors who choose to hold the asset despite its Doubtful status should exercise caution. Furthermore, any rewards earned by opting into the Mantle Rewards Station contain mixed yield from interest-bearing sources; these specific earnings would require purification, though the exact ratio is undisclosed.
BOTTOM LINE
Mantle offers a fundamentally permissible Layer-2 scaling solution with genuine utility for gas and governance. However, the MNT token is rated Doubtful for holding due to centralized minting controls in its contract and an unknown proportion of interest-based revenue generated by the project's treasury. Investors should also avoid the opt-in Mantle Rewards Station, as it distributes mixed yield derived partly from US Treasury-backed assets. Final religious authority rests with a qualified Shariah scholar.
How this verdict was reached
This is not an opinion issued by ShariaQuant. It is the output of a documented screening methodology applied to researched facts about Mantle (MNT), and every row above states the specific evidence that drove it — so the reasoning can be examined rather than taken on trust.
The framework screens three layers — the infrastructure an asset runs on, the application it serves, and the asset itself — and separately tests whether the token qualifies as recognised property (māl): that it presently exists, has an ascertainable supply, can be held and transferred, and carries a genuine lawful use. A failure at any single layer fails the asset.
Revenue-purity thresholds follow the AAOIFI screening standard: non-compliant income below 5% of revenue is tolerated and purified, while 5% or above fails the screen.
The framework follows published scholarship rather than in-house opinion. Treating a digital asset as a right (ḥaqq) that becomes recognised property (māl) only on stated conditions follows “Is Crypto Halal? The Definitive Shariah Guide to Crypto and Digital Assets” by Mufti Faraz Adam (Amanah Advisors, 2026), which reproduces the conditions identified by Mufti Taqi Usmani. Financial thresholds follow the AAOIFI screening standard. The rulings we track are collected in the fatwa library.
AAOIFI has not reviewed, approved or endorsed this report or ShariaQuant, and no scholar named in our methodology has reviewed this individual verdict. This is analysis, not a fatwa — final religious authority rests with a qualified scholar.
Is Mantle a serious project?
Permissible is not the same as good. This is the research behind that second question — what Mantle is actually for, who is paying for it, what is already built, and what would have to go wrong.
Research on the project, not advice on the trade. A high fundamental score is not a recommendation to buy, and it says nothing about whether the asset is permissible — that is the Shariah verdict, and it is free.
How Mantle ranks against its peers
The Shariah verdict tells you whether you may own Mantle. This tells you what you would be holding — measured from market data, with no AI judgment in it, and compared only against assets of the same kind.
A ranking of how solid an asset is against its peers, not a forecast of what it will do next and not investment advice. A permissible asset can rank badly, and a badly ranked asset can still rise.
About Mantle
Mantle operates as a permissible Layer-2 scaling network with genuine utility for gas and governance. However, the holding is rated Doubtful because the token contract retains a discretionary centralized mint function, and the exact proportion of protocol revenue derived from the treasury's interest-bearing assets (such as US Treasury-backed stablecoins) is unknown.
Asked alongside this
Short answers from the ShariaQuant team.
Doubtful means the call is yours
Doubtful means the evidence is genuinely mixed and the decision belongs to you. The free module walks through riba, gharar and maysir so you can weigh it yourself rather than take our word for it.
Both are free. The module includes the community — no card required.