Grayscale Bitcoin Trust (BTC) (GBTC) - Questionable
Grayscale Bitcoin Trust (BTC) (GBTC) is classified as Questionable 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
- ETF
- Industry
- Exchange-Traded Fund
- Result
- Doubtful
- Reason
- GBTC is an ETF. Individual stock screening does not apply to ETFs — review the fund's underlying holdings for Shariah compliance.
Financial Ratios
About Grayscale Bitcoin Trust (BTC)
The trust’s Bitcoins are carried, for financial statement purposes, at fair value as required by U.S. generally accepted accounting principles (“GAAP”). The trust determines the fair value of Bitcoins based on the price provided by the Digital Asset Market that the trust considers its principal market as of 4:00 p.m., New York time, on the valuation date.
Frequently Asked Questions
Is Grayscale Bitcoin Trust (BTC) (GBTC) stock halal to invest in?
According to AAOIFI Shariah screening standards, Grayscale Bitcoin Trust (BTC) (GBTC) is currently classified as Questionable. This is based on both business activity and financial ratio screening.
Does Grayscale Bitcoin Trust (BTC) have any interest income?
Interest income data for Grayscale Bitcoin Trust (BTC) is factored into the financial ratio screening under AAOIFI standards.
What guidelines are used to determine if GBTC stock is Shariah-compliant?
GBTC 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.
How often is Grayscale Bitcoin Trust (BTC) stock reviewed for Shariah compliance?
Grayscale Bitcoin Trust (BTC)'s compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.