Halal crypto screener

Is Your Cryptocurrency Halal?

Check any coin or token against the positions of named scholars and Shariah bodies. 52 of the most widely held cryptocurrencies have been reviewed by hand with their references recorded: 35 disputed among scholars, 17 generally not permissible. Anything else is classified automatically from its published categories and labelled as such.

How cryptocurrencies are assessed

A stock can be screened with ratios because a company reports a balance sheet. A token cannot, so Mizaan assesses cryptocurrencies qualitatively. For each coin in the curated list we record what named scholars and Shariah bodies have said, the category of concern they raise, and the reasoning behind it, and we summarise where those positions lean. The concern categories are an interest-bearing mechanism, a gambling element, privacy features built for concealment, and speculative nature.

Every coin page shows the status, the reasoning, the scholarly references by name, and the date the entry was last reviewed (the list was last updated on December 1, 2024). Where scholars disagree, the page says so and sets out both sides. Mizaan does not rank one scholar above another, and a status here is a summary of published positions, not a ruling of its own.

Coins outside the curated list are classified automatically from their published categories, for example a lending protocol or a gambling token, and carry a separate disclaimer. The methodology page covers the stock screen in full; the guide to whether cryptocurrency is halal sets out the scholarly debate.

Disputed among scholars (35)

Coins where qualified scholars have reached different conclusions. The page for each coin sets out the positions and who holds them, so you can weigh them or raise them with a scholar.

Generally not permissible (17)

Coins where the scholarly positions we track lean clearly against permissibility, usually because of an interest-bearing mechanism, a gambling element, or features built for concealment.

Frequently asked questions

How does Mizaan decide whether a cryptocurrency is halal?: It does not decide. For each coin in the curated list, Mizaan records the positions of named scholars and Shariah bodies, the category of concern they raise, and the reasoning, then summarises where those positions lean. The result is reported as generally permissible, disputed, or generally not permissible, with the references on the coin's page. There is no ratio test, because a token has no balance sheet.
Is Bitcoin halal?: Scholars differ, so Mizaan lists Bitcoin as disputed. Those who permit it treat it as a digital asset with real utility; those who prohibit it cite excessive speculation, the absence of intrinsic value and the potential for harm. Many take a middle position that allows holding while cautioning against speculation. The Bitcoin page lists the positions and their sources.
Is there an AAOIFI standard for cryptocurrency?: At the time of our last review there was no definitive AAOIFI ruling on cryptocurrencies, and no single body publishes a binding list. That is why the crypto screen summarises scholarly positions rather than applying a numeric standard, and why every coin page carries a “last reviewed” date.
Why are some stablecoins listed as not permissible?: The concern is usually the mechanism rather than the peg. Where a stablecoin is backed by interest-bearing instruments or pays holders a yield derived from them, the scholarly positions we track treat that as an interest-bearing mechanism. Each stablecoin's page explains which concern applies to it.
Do I pay zakat on cryptocurrency?: Most contemporary scholars who permit holding crypto treat it as zakatable wealth, valued at the market price on your zakat date. The zakat calculator has a crypto entry, and the guide linked below sets out the positions and the assumptions the calculation makes.
What if a coin is not in the list?: Search for it anyway. Coins outside the curated list are classified automatically from their published categories, and the page says so with a separate disclaimer and a lower confidence than a scholar-reviewed entry. Nothing is invented: when there is no basis for a classification, the page says that too.

Learn more

Statuses summarise published scholarly positions and are educational. Mizaan does not issue religious rulings. Please consult a qualified scholar for a personal decision.

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Halal crypto screener

Is Your Cryptocurrency Halal?

How cryptocurrencies are assessed

Disputed among scholars (35)

Coins where qualified scholars have reached different conclusions. The page for each coin sets out the positions and who holds them, so you can weigh them or raise them with a scholar.

Generally not permissible (17)

Coins where the scholarly positions we track lean clearly against permissibility, usually because of an interest-bearing mechanism, a gambling element, or features built for concealment.

Frequently asked questions

How does Mizaan decide whether a cryptocurrency is halal?: It does not decide. For each coin in the curated list, Mizaan records the positions of named scholars and Shariah bodies, the category of concern they raise, and the reasoning, then summarises where those positions lean. The result is reported as generally permissible, disputed, or generally not permissible, with the references on the coin's page. There is no ratio test, because a token has no balance sheet.
Is Bitcoin halal?: Scholars differ, so Mizaan lists Bitcoin as disputed. Those who permit it treat it as a digital asset with real utility; those who prohibit it cite excessive speculation, the absence of intrinsic value and the potential for harm. Many take a middle position that allows holding while cautioning against speculation. The Bitcoin page lists the positions and their sources.
Is there an AAOIFI standard for cryptocurrency?: At the time of our last review there was no definitive AAOIFI ruling on cryptocurrencies, and no single body publishes a binding list. That is why the crypto screen summarises scholarly positions rather than applying a numeric standard, and why every coin page carries a “last reviewed” date.
Why are some stablecoins listed as not permissible?: The concern is usually the mechanism rather than the peg. Where a stablecoin is backed by interest-bearing instruments or pays holders a yield derived from them, the scholarly positions we track treat that as an interest-bearing mechanism. Each stablecoin's page explains which concern applies to it.
Do I pay zakat on cryptocurrency?: Most contemporary scholars who permit holding crypto treat it as zakatable wealth, valued at the market price on your zakat date. The zakat calculator has a crypto entry, and the guide linked below sets out the positions and the assumptions the calculation makes.
What if a coin is not in the list?: Search for it anyway. Coins outside the curated list are classified automatically from their published categories, and the page says so with a separate disclaimer and a lower confidence than a scholar-reviewed entry. Nothing is invented: when there is no basis for a classification, the page says that too.

Learn more

Statuses summarise published scholarly positions and are educational. Mizaan does not issue religious rulings. Please consult a qualified scholar for a personal decision.

Salaam

How cryptocurrencies are assessed

Disputed among scholars (35)

Generally not permissible (17)

Frequently asked questions

How does Mizaan decide whether a cryptocurrency is halal?

Is Bitcoin halal?

Is there an AAOIFI standard for cryptocurrency?

Why are some stablecoins listed as not permissible?

Do I pay zakat on cryptocurrency?

What if a coin is not in the list?

Learn more

How cryptocurrencies are assessed

Disputed among scholars (35)

Generally not permissible (17)

Frequently asked questions

How does Mizaan decide whether a cryptocurrency is halal?

Is Bitcoin halal?

Is there an AAOIFI standard for cryptocurrency?

Why are some stablecoins listed as not permissible?

Do I pay zakat on cryptocurrency?

What if a coin is not in the list?

Learn more