BTC Digital Ltd. (BTCT) - Halal (Shariah-Compliant)
BTC Digital Ltd. (BTCT) is classified as Halal (Shariah-Compliant) according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.
Business Activity Screen
- Sector
- Technology
- Industry
- Computer Hardware
- Result
- Pass
- Reason
- The sector "Technology" and industry "Computer Hardware" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 16.3% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 2.3% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 1.4% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 1.36%.Based on the company's financial statements, approximately 1.36% of dividend income should be donated to charity for purification. This is derived from identified interest income (1.36% of total income). Some scholars may differ on the exact calculation method.
About BTC Digital Ltd.
BTC Digital Ltd., a crypto asset technology company, engages in bitcoin mining business in the United States. It is involved in resale and rental business of mining machines. It also provides miner hosting services. The company was formerly known as Meten Holding Group Ltd. and changed its name to BTC Digital Ltd. in August 2023. The company was founded in 2006 and is based in Singapore.
Frequently Asked Questions
Is BTC Digital Ltd. (BTCT) stock halal to invest in?
According to AAOIFI Shariah screening standards, BTC Digital Ltd. (BTCT) is currently classified as Halal (Shariah-Compliant). This is based on both business activity and financial ratio screening.
Does BTC Digital Ltd. have any interest income?
BTC Digital Ltd.'s interest income ratio is 2.3% of total revenue. AAOIFI standards require this to be below 30%.
What guidelines are used to determine if BTCT stock is Shariah-compliant?
BTCT is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.

