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Is Monero (XMR) halal?

Questionable

No condition fails, but 1 point remains to be verified or falls under a tolerated case.

Verdict calculated by Halal Bourse's published rules from an investigation of primary sources (project documentation, registers, decisions), conducted on 10/05/2026 and not reviewed by a human.

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The asset

Native currency of the Monero network (proof of work), a privacy-focused cryptocurrency (stealth addresses, ring signatures, RingCT) Issuer: No issuer: an open-source community project born in 2014 from a fork of BitMonero; the creator of the original protocol and some of the developers are pseudonymous.

XMR is used to pay on a network where the sender, the recipient and the amount of each transaction are hidden by default. Since May 2022, the block reward has been a tail emission of 0.6 XMR or less, with no planned end. As of October 5, 2026 (14:51 UTC), CoinGecko shows 18.81 million XMR in circulation, a price of €494.12 and a market capitalization of €9.30 billion (rank 14).

Why this verdict

  1. Permissible purpose : to be verified or tolerated case. XMR is presented as private electronic cash for payments. A secondary source describes it as the dominant cryptocurrency on darknet markets, while CoinDesk (March 2025) reports those markets moving back to bitcoin after the delistings; no source read quantifies the share of permissible and impermissible uses.
    • « Monero is electronic cash that allows fast, inexpensive payments to and from anywhere in the world. » Monero Project (getmonero.org) (2026-10-05)
    • « Monero's privacy features have made it the dominant cryptocurrency on darknet markets (DNMs), where anonymity is critical for both buyers and sellers. » Wikipedia (Monero) (2026-10-05)
  2. No riba : met. Holding pays no yield: the block reward, set at 0.6 XMR or less since May 2022, goes to miners. No native lending or staking mechanism appears in the sources read.
  3. No gambling : met. A spot purchase is of a token recorded on the Monero blockchain and exchangeable for goods, services and other currencies; it is not a contract on a price difference.
    • « Monero is a currency and can be exchanged for goods, services and other currencies, privately and with very low fees. » Monero Project (getmonero.org) (2026-10-05)
  4. No excessive gharar : met. The issuance rules are published (tail reward, never zero; no supply cap). Because amounts and balances are hidden by design, the distribution of holders cannot be observed.
  5. Real ownership : met. XMR can be held in a personal wallet. From France, no licensed platform offers it anymore: buying goes through routes outside licensed platforms, whose lawfulness is not examined here.
  6. No fraud or manipulation : met. The creator of the original protocol and some of the core developers are pseudonymous. Kraken delisted XMR in the European Economic Area “because of regulatory changes”; in August 2025, Qubic claimed 51% of the computing power with a six-block reorganization. No sanction or deception of buyers is established. Halal Bourse rule (October 6, 2026): pseudonymous developers with no control over issuance, the treasury or admin keys do not amount to unfounded anonymity; a delisting for regulatory reasons is not a sanction against the project: the condition is considered met.
    • « Much of the core development team chooses to remain anonymous. » Wikipedia (Monero) (2026-10-05)
    • « we had no choice but to delist Monero (XMR) in the European Economic Area (EEA) due to regulatory changes » Kraken (support) (2025-03-31)

Opinions found during the research

Opinions reported as read, named for what they are; they do not enter into the calculation of the verdict.

What could not be verified

Sources read

Other cryptos analyzed

General information: neither investment advice nor a fatwa. Verdict calculated by published rules, from financial statements read automatically and not reviewed by a human. Read the methodology