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Shariah Crypto Screening

Is Crypto Halal? Islamic Crypto Screener

Free Shariah compliance screening for 30 cryptocurrencies. Check if Bitcoin, Ethereum, Solana, and other cryptos are halal based on scholarly consensus and Islamic finance principles.

23

Halal (Compliant)

3

Needs Review

4

Not Halal

Halal Cryptocurrencies

These cryptocurrencies are generally considered Shariah compliant based on their use case, lack of interest mechanisms, and scholarly consensus.

BTC

Bitcoin

ETH

Ethereum

ADA

Cardano

SOL

Solana

XRP

XRP

DOT

Polkadot

AVAX

Avalanche

MATIC

Polygon

LINK

Chainlink

ATOM

Cosmos

LTC

Litecoin

BCH

Bitcoin Cash

ALGO

Algorand

XLM

Stellar

NEAR

NEAR Protocol

FIL

Filecoin

HBAR

Hedera

VET

VeChain

ICP

Internet Computer

APT

Aptos

ARB

Arbitrum

OP

Optimism

ISLM

Islamic Coin

Needs Scholarly Review

These cryptocurrencies have concerns that require individual scholarly review before investing.

UNI

Uniswap

Facilitates trading of all tokens including non-compliant ones

DOGE

Dogecoin

High speculative nature (gharar)

SHIB

Shiba Inu

Extremely speculative (gharar)

Non-Compliant Cryptocurrencies

These cryptocurrencies are considered not halal due to interest involvement, illicit use facilitation, or riba mechanisms.

XMR- Monero

Primary use in illicit transactions and money laundering

USDT- Tether

Reserves include US Treasury bills and other interest-bearing instruments

USDC- USD Coin

Backed by US Treasury securities and interest-bearing reserves

DAI- Dai

MakerDAO lending protocol involves riba (interest on loans)

How We Screen Cryptocurrencies

Every cryptocurrency is evaluated against four criteria based on Islamic finance principles and scholarly consensus.

1. Use Case Screen

Does the cryptocurrency serve a legitimate purpose? Utility tokens, payment networks, and infrastructure projects are generally permissible. Tokens with no real utility are flagged.

2. Interest Involvement

Does the crypto involve riba (interest)? Stablecoins backed by Treasury bills, lending protocols, and interest-generating mechanisms are not permissible.

3. Speculation Level

Is the crypto primarily speculative (gharar)? Meme coins and tokens with no underlying value that resemble gambling are flagged for review.

4. Scholar Consensus

What do qualified Shariah scholars and advisory boards say? We reference AAOIFI guidelines, the HAQQ Shariah board, and prominent Islamic finance scholars.

Frequently Asked Questions

Disclaimer: Cryptocurrency Shariah compliance is an evolving area of Islamic jurisprudence. Scholars have varying opinions. This screening reflects the majority scholarly view based on AAOIFI guidelines and prominent Shariah advisory boards. Always consult a qualified scholar for your specific situation.

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