Can Meme Coins Ever Be Halal?

Explanation of meme coins being based on internet memes and targeting the younger generation for social networking without providing real value-added services.

Description of the behavior of meme coin investors, promising future returns during a Bull Run, and the practice of pumping and dumping coins for short-term gains.

Discussion on popular meme coins like Shiba Inu and their derivation history, emphasizing the lack of real value and the importance of understanding the underlying principles of investment.

Explanation of Sharia principles governing investment, focusing on the importance of value addition and utility in assets to ensure ethical and beneficial trading.

Elaboration on the significance of having utility and value underpinning assets for ethical trading, contrasting speculative trading with value-based investing.

Comparison of assets like chairs, laptops, smartphones, and watches with digital assets, highlighting the concept of deriving value from utility and benefit.

Explanation of derivatives trading on exchanges from a Sharia perspective, emphasizing the importance of clear derivation and asset value underpinning for ethical trading.

Differentiating between assets that provide benefit when held and money used as a medium of exchange, highlighting the lack of utility and exchange value in meme coins.

Contrasting the casino mindset of seeking quick money with the Venture Capital mindset of evaluating fundamentals and real-world value in investments, emphasizing making a difference through ethical investments.

Encouragement to focus on Sharia-compliant and ethically impactful investments for long-term growth and positive impact, urging research before investing in assets.