To answer the question “Is BONK Halal or Haram?” we need an in-depth analysis based on Sharia conditions. Based on Islamic Sharia standards:
1. Nature of BONK and its applications
BONK is a decentralized cryptocurrency based on the Solana network that is used for multiple purposes such as trading and participating in rewards systems.
• If the currency is used for a legitimate purpose such as buying, selling or investing in beneficial projects, without being linked to forbidden activities (such as gambling or financing forbidden activities), then it may be halal.
2. Speculation and gambling
BONK is known as a “Meme Coin,” a type of cryptocurrency that often relies on high speculation and sharp price fluctuations with no real value or sustainable project.
• If the main purpose of buying BONK is only speculation to make quick profits, then this is considered gambling (which is forbidden by Sharia).
3. Deception and ignorance
• If the project that supports BONK lacks transparency or contains elements of uncertainty and ignorance (such as lack of clarity in how it works or is used), dealing with it becomes impermissible.
The inevitable answer:
• Halal: If the currency is used in legitimate activities, has a clear value, and the purpose of purchasing it is a legitimate investment or permissible use.
• Forbidden: If dealing with it is done for the purpose of speculation or gambling, or if it supports forbidden projects or contains deception and ignorance.
Conclusion: In the current situation and considering the nature of BONK as a speculative currency with an unstable value, the fatwa tends to be prohibitive, unless there is evidence of a legitimate use and real value. We recommend that the matter be referred to a Sharia scholar specialized in Islamic financial jurisprudence and provided with all the details of the project.
Finally, stay away from any work that is suspicious, and if it is clear that it is legitimate, then trust in God.