Is Bitcoin (BTC) halal?
Most contemporary scholars permit Bitcoin as a tradable asset; a minority view treats it as gharar (excessive uncertainty). The conservative position is permissible-with-caution.
Decentralised digital store-of-value, fixed supply 21M, no underlying cash flows.
- HalalMufti Faraz Adam (Amanah Advisors)
BTC qualifies as māl (wealth) and a tradable asset; permissible to own and trade for genuine investment purposes.
Source - DoubtfulMufti Taqi Usmani
Initially cautious due to absence of underlying tangible value; has not issued an outright impermissibility ruling. Treats as area of legitimate disagreement.
- No consensusAAOIFI
No formal AAOIFI standard yet. Major Islamic banks (Al Rajhi, Kuwait Finance House) have offered crypto custody for retail.
- DoubtfulSistani office (Ja'fari)
Permissibility depends on whether the underlying activity violates Islamic principles; no blanket ruling for or against.
Source - Not halalStrict / zero-tolerance
Lack of underlying tangible value + speculative volatility constitutes maysir (gambling-adjacent). Not permissible.
Other cryptoassets
HalalGauge surfaces published scholarly views with sourcing; it does not issue fatwa. Crypto rulings are evolving and contested — verify with a scholar you trust before acting.