Every coin we trade has a written ruling we can show you. Real rulings from real bodies — linked, dated, and re-checked every quarter.
Last universe re-screen: 2026-04-15. Next: 2026-07-15.
Scholars and standards bodies disagree on details. We list every reference and apply the more conservative position when they conflict.
Bahrain
Accounting and Auditing Organization for Islamic Financial Institutions
Standards body — published Shariah Standards used by Islamic banks worldwide. We use Standard No. 21 as the closest published baseline applicable to digital asset screening.
AAOIFI, Shari'ah Standards (English edition).
SourceJeddah, Saudi Arabia
International Islamic Fiqh Academy — OIC body of senior scholars
Resolutions on financial transactions are referenced for our exclusion criteria on riba, gharar and maysir.
International Islamic Fiqh Academy resolutions on electronic and digital currencies.
SourceUnited States
Fiqh Council of North America (FCNA)
September 2019 ruling (Dr. Yasir Qadhi & Dr. Abdulbari Mashal) — Bitcoin treated under the same rulings as fiat currencies; spot exchange permissible.
FCNA, "Regarding the Islamic Ruling on Bitcoins," 2 September 2019.
SourceMalaysia
Shariah Advisory Council of the Securities Commission Malaysia
July 2020 resolution recognising digital assets as Shariah-compliant when traded on registered Digital Asset Exchanges meeting SAC requirements.
SAC SC Malaysia, Resolutions on Digital Assets, July 2020.
SourceBahrain
Shariyah Review Bureau — licensed by the Central Bank of Bahrain
Issues Shariah certifications for crypto exchanges (e.g. CoinMENA) and individual tokens. Public certification statements behind specific approvals.
Shariyah Review Bureau, Crypto Assessment programme.
SourceInternally (universe expansion) or by a member via the request form.
Token utility, mint mechanics, treasury, governance, fee flows. We document the read.
Is primary revenue halal? Riba, gambling, adult content, conventional finance — automatic exclusion.
Look for an existing public ruling from a reference authority. Where rulings differ, we record both and apply the more conservative.
Verdict published in the universe table with the source URL and ruling date.
Click any source link to read the original ruling. We don't paraphrase — we link.
Approved
Treated as a digital currency. Spot exchange permissible. Excludes interest-bearing wrappers (e.g. lending against BTC at fixed yield).
Citation
Fiqh Council of North America — "Regarding the Islamic Ruling on Bitcoins" (2 Sep 2019)
Dr. Yasir Qadhi, Dr. Abdulbari Mashal
Read sourceNote: Mufti Taqi Usmani holds a more restrictive view. We document the disagreement and apply the spot-only constraint as a conservative middle path.
Approved with conditions
Spot exchange of the native token is permissible. Use of ETH-denominated lending or interest-bearing yield protocols is excluded.
Citation
Shariyah Review Bureau — Crypto Assessment programme
SRB scholars (CBB-licensed, Bahrain)
Read sourceNote: Aligns with the Securities Commission Malaysia SAC's July 2020 framework permitting digital tokens on registered exchanges.
Rejected
Reserves are predominantly interest-bearing US Treasury bills. Any token whose yield mechanic is structurally riba-derived fails Gate 01.
Citation
AAOIFI Shariah Standard No. 21 — Riba prohibition; OIC IIFA resolutions on financial papers
AAOIFI; International Islamic Fiqh Academy
Read sourceNote: Examples include yield-rebasing stablecoins. Non-rebasing stablecoins (USDT/USDC) are used only as a quote pair, never held for return.
Rejected
Tokens whose primary protocol revenue is interest income from collateralised lending fail the business-activity gate.
Note: Re-screen permitted if a protocol restructures to a non-riba revenue model and ratios meet AAOIFI thresholds.
Rejected
Maysir (gambling) is a categorical exclusion. Any token whose smart contracts execute wagers or lottery payouts fails Gate 01.
Citation
Al-Ma'idah 5:90; OIC IIFA resolutions on financial transactions
International Islamic Fiqh Academy
Read sourceNote: Permanent exclusion — cannot be remediated.
Four categorical exclusions. Any one of them ends the analysis.
Interest
Any return that accrues to capital purely through the passage of time is riba. Interest-bearing lending tokens, T-bill-backed yield-rebasing stablecoins, and protocols whose primary revenue is interest income are excluded permanently.
Qur'an, Al-Baqarah 2:275–279.
Excessive uncertainty
Contracts where the subject, price, or settlement is unknowable to a degree that would invalidate the transaction. Futures, perpetuals, options and other derivatives carry structural gharar and are excluded.
AAOIFI Shariah Standard No. 1 §4.
Prohibited industries
Tokens whose protocols enable gambling, alcohol distribution, adult content, or conventional interest-based finance are excluded — regardless of the token's market liquidity or popularity.
Al-Ma'idah 5:90; OIC IIFA resolutions.
Speculation / gambling
Pure speculation with no underlying value or productive activity — including prediction-market and lottery-structured tokens — is excluded. Spot exchange of a productive digital asset is not maysir.
Al-Baqarah 2:219.
Last update
2026-04-15
Next review
2026-07-15
Any coin failing a gate mid-cycle is removed and any open position is closed at the next market open.
Email us with the asset and we'll send the citation we're standing on within two business days. If we can't source it, we'll tell you.
halal@gethalalcrypto.comThe Halal Filter agent re-runs this screen every cycle, before any signal can fire.
See the agent stack →Spot-only; No leverage. No derivatives. Funds stay on Binance.
