Halal Crypto List For 2025

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The halal cryptocurrency list for 2025:

Bitcoin (BTC). Considered halal when traded on spot markets without leverage or speculation.
Ethereum (ETH). Permissible if used in ethical projects; problematic if tied to gambling or riba-based DeFi.
Cardano (ADA). Viewed as Shariah-friendly due to transparency, efficiency, and real-world utility.
Polygon (MATIC). Halal when used in non-haram applications like public services and education.
Stellar (XLM). Favors halal use through cross-border payments and financial inclusion tools.
Algorand (ALGO). Suitable for Islamic finance if kept clear of interest-based DeFi integrations.
Islamic Coin (ISLM). Built for Shariah compliance with charitable structure and ethical governance.
Tezos (XTZ). Acceptable when applied in scientific, educational, or transparent smart contract use.
Solana (SOL). Potentially halal if traded without leverage and away from speculative DeFi.
Avalanche (AVAX). Permissible when supporting asset-backed, ethical, and transparent applications.

As digital finance continues to evolve, many Muslim investors are left wondering: does cryptocurrency align with Sharia principles? In particular, it’s essential to understand which digital assets are acceptable and which should be avoided as per Islamic finance. This article explores the criteria used to assess cryptocurrencies through the lens of Sharia principles and highlights the list of halal crypto coins.

Risk warning: Cryptocurrency markets are highly volatile, with sharp price swings and regulatory uncertainties. Research indicates that 75-90% of traders face losses. Only invest discretionary funds and consult an experienced financial advisor.

Halal crypto list: which cryptocurrencies comply with Sharia

Halal cryptocurrencies list

Islamic law requires that a digital asset be free from riba (interest), gharar (excessive uncertainty), and maysir (gambling). When it comes to cryptocurrencies, it involves avoiding interest-based mechanisms, unclear financial models, and speculative setups with no real substance. Inclusion in the halal crypto list depends on the structure of the blockchain, clear information on token distribution, practical use in the economy, and how useful it is in everyday life. Payment features, limited supply, and no staking incentives are key factors in including a coin in the crypto halal list.

“Trading or renting out a medium of exchange is wrong because money is not productive and has no intrinsic utility”

Sheikh Muhammad Taqi Usmani – Islamic Jurist, Chairman of AAOIFI Shariah Board

The following are consistently included in the halal coins list:

Bitcoin (BTC)

Bitcoin is widely regarded as the most Shariah-compliant cryptocurrency. It functions like digital gold — decentralized, scarce, and free from interest (riba). Many scholars agree that BTC is halal if traded under spot contracts with immediate settlement (taqabudh) and without leverage or speculative intent.

Ethereum (ETH)

Ethereum supports smart contracts and decentralized applications (DApps). Its halal status depends on usage. ETH is considered permissible when used in ethical, transparent projects. However, it becomes problematic if tied to haram sectors such as gambling, interest-based DeFi, or highly speculative schemes. Scholars emphasize evaluating the purpose behind the contract.

Cardano (ADA)

Cardano is built on peer-reviewed academic research and offers a transparent, energy-efficient, and decentralized blockchain. It avoids speculative hype and promotes real-world use cases in education, identity, and infrastructure — aligning with Islamic principles of social benefit and ethical finance.

Polygon (MATIC)

Polygon is a scaling solution for Ethereum that reduces gas fees and increases transaction speed. It supports ethical use cases across government, education, and financial services. As long as MATIC is not used in haram DApps (e.g., gambling platforms), it is generally considered halal.

Stellar (XLM)

Stellar is focused on cross-border payments and financial inclusion. It provides utility in remittances and microfinance, particularly in underserved regions. XLM has no ties to interest or unethical sectors, making it favorable in halal screening, especially for charity-oriented and inclusive finance platforms.

Algorand (ALGO)

Algorand is a green blockchain that enables CBDCs, tokenized real-world assets, and compliant DeFi. Its transparent consensus model and broad institutional usage contribute to its halal appeal. As long as ALGO avoids riba-based integrations, it is suitable for Islamic investors.

Islamic Coin (ISLM)

ISLM is the first crypto designed specifically with Islamic principles in mind. It has a Shariah board and features like the EverGreen DAO, which donates a portion of earnings to charitable causes. The coin is built to support halal finance ecosystems and avoid interest, speculation, and unethical use cases by design.

Tezos (XTZ)

Tezos is known for formal verification of smart contracts and energy efficiency. It is used in cultural, educational, and scientific contexts and offers strong transparency — key factors in Shariah compliance. XTZ is seen as a trustworthy and stable option when not used in speculative DeFi.

Solana (SOL)

Solana is a high-speed, scalable blockchain used in many decentralized applications. It can be halal if traded on spot markets without leverage or margin. However, its involvement in speculative DeFi and meme token projects requires caution and careful vetting by Muslim investors.

Avalanche (AVAX)

Avalanche is a smart contract platform for launching scalable DApps and financial products. It is considered potentially halal when used to support real-asset projects, tokenization, or ethical finance. Scholars caution against DeFi platforms on AVAX that involve interest or excessive risk.

The halal cryptocurrencies list is not static — it evolves based on how each project operates, what it supports, and how it is used. Coins like Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), and Islamic Coin (ISLM) frequently appear in expert-reviewed halal crypto coin list summaries due to their clear use cases, strong technical foundations, and distance from prohibited sectors.

Still, halal compliance isn't just about the coin itself — it’s about how you interact with it. Trading on spot markets, avoiding leverage, researching project intent, and steering clear of speculation are all essential steps toward ethical participation.

Muslim investors are encouraged to:

Consult updated halal crypto coin list resources.
Evaluate projects for transparency, utility, and ethical alignment.
Seek guidance from trusted Shariah scholars when in doubt.

As technology and Shariah scholarship continue to converge, the halal crypto ecosystem will only grow stronger — offering more choices for faith-conscious investing without compromising religious values.

How to invest in shariah-compliant crypto

To invest in halal cryptocurrencies, you will need an account with a crypto exchange that lists halal crypto. We have presented the top options below based on our research for you to compare and choose from:

Best crypto exchanges with halal cryptocurrencies
	Foundation year	Coins Supported	Spot Fee Tier	Min. Deposit, $	TU overall score	Open an account
OKX	2017	329		10	8.9	Open an account Your capital is at risk.
Kraken	2011	278		10	8.48	Open an account Your capital is at risk.
Crypto.com	2016	250		1	8.36	Open an account Your capital is at risk.
CoinMetro	2018	72	Level 0 (Regular Fee)	1	7.41	Open an account Your capital is at risk.
Ledger Wallet	2004	1817			7.3	Open an account Your capital is at risk.

We at Traders Union have over 14 years of experience in financial markets, evaluating cryptocurrency exchanges based on 140+ measurable criteria. Our team of 50 experts regularly updates a Watch List of 200+ exchanges, providing traders with verified, data-driven insights. We evaluate exchanges on security, reliability, commissions, and trading conditions, empowering users to make informed decisions. Before choosing a platform, we encourage users to verify its legitimacy through official licenses, review user feedback, and ensure robust security features (e.g., HTTPS, 2FA). Always perform independent research and consult official regulatory sources before making any financial decisions.

Learn more about our methodology and editorial policies.

Нaram coin list

Certain digital assets violate fundamental principles of Islamic law and fall outside the permissible scope for investment. The haram crypto list is compiled based on indicators such as involvement in prohibited industries, interest-based models, and speculative intent. The main criteria focus on the presence of riba, maysir, or gharar in the asset’s structure or use.

"High volatility and lack of intrinsic value in cryptocurrencies create elements of gharrar that are incompatible with Islamic contracts"

Mufti Muhammad Taqi Usmani is a renowned Islamic theologian and expert in fiqh muamalat

Tokens tied to the gambling industry, betting sites, or gaming platforms that involve risk and uncertainty fall under haram coin list. Projects offering fixed-interest staking, crypto lending, or guaranteed yield structures are also avoided. It also matters when a project lacks transparency in its codebase, token allocation, or legal structure.

Haram crypto lists include:

Shiba Inu (SHIB). Meme coin with no intrinsic value; highly speculative and driven by hype.
Dogecoin (DOGE). Popularized through meme culture; lacks substantial utility and often used in speculative trades.
SafeMoon (SAFEMOON). Known for pump-and-dump behavior; unclear business model and high volatility.
Pepe (PEPE). Meme token with no underlying project; primarily used for speculative gambling-like behavior.
Floki Inu (FLOKI). Marketed aggressively with little to no real-world utility; raises concerns over investor manipulation.
Luna Classic (LUNC). After the Terra collapse, it became a speculative asset without stable backing.
Hex (HEX). Promises returns through staking, with mechanisms resembling interest or pyramid schemes.
Bitconnect (BCC). Exposed as a Ponzi scheme; used deceptive high-yield returns with no real product.
CasinoCoin, GambleFi, and similar tokens. Directly tied to online gambling platforms — categorically haram.
Certain DeFi tokens like AAVE or Compound. When used in riba-based transactions, they contradict core Islamic finance rules.

These tokens go against the principles of Sharia law cryptocurrency norms and are generally avoided by those following Islamic investing norms and looking to invest in halal coins.

Islamic cryptocurrency: principles of Sharia in digital assets

Islamic cryptocurrency refers to digital assets designed in accordance with Sharia law, excluding riba (interest), gharar (excessive uncertainty), and maysir (gambling). These assets must ensure transparency, fairness, and the absence of speculative elements.

“Bitcoin is inherently subject to the risk of maysir and gharrar, making its use problematic from a Sharia perspective”

Shawki Allam – Grand Mufti of Egypt, Official Fatwa Opinion 2018

A fundamental requirement for a shariah compliant cryptocurrency list is certification or a fatwa issued by recognized Islamic scholars. For instance, Islamic Coin (ISLM) obtained a Sharia compliance fatwa in June 2022. It operates on the Haqq Network blockchain and dedicates 10% of each new issuance to the Evergreen DAO charitable fund, aligning with the zakat principle.

Another notable example is OneGram (OGC), where each coin is backed by one gram of physical gold, offering intrinsic value and stability. This project aims to merge Islamic finance with blockchain innovation, making it particularly appealing to Muslim investors.

To evaluate investment options, individuals can consult dedicated platforms that offer a halal cryptocurrency list. These sources are among the most commonly referenced by those seeking guidance in this area.

These platforms offer curated insights into halal cryptocurrencies, helping Muslim investors make informed choices that respect their faith. A well-designed Shariah-compliant crypto framework integrates Islamic principles into the crypto space by focusing on clarity, real asset backing, and avoiding excessive speculation. This thoughtful approach allows Muslim individuals to participate in digital finance while staying true to their ethical and religious standards.

Crypto halal checker: tools for assessing Sharia compliance

How to check if cryptocurrency is halal or not

Verifying digital assets in accordance with Islamic principles involves examining their structure, purpose, and how they are distributed. To assess whether a digital currency fits within Islamic guidelines, tools like the list of halal cryptocurrencies and other evaluators are used. These systems assess tokens through frameworks shaped by Islamic finance scholars, ensuring they meet both religious and financial standards.

The process typically involves three major areas of scrutiny:

First is transparency: the project must have open-source code, clearly defined token supply models, visible validator roles, income sources, and overall business logic.
Second is legal acceptability: it must avoid interest-based systems, guaranteed staking returns, or any association with gambling.
Third is economic function: the token must serve real-world purposes like energy transactions, logistics, B2B payments, microloans, or infrastructure development.

Saraf Screening offers an advanced evaluation engine for Islamic cryptocurrency, taking into account both Sunni and Shia interpretations of Shariah. Each asset is analyzed with detailed ratings and commentary rooted in fatwas. Similarly, the Crypto Ummah platform provides a screening tool that classifies assets into halal, doubtful, or haram based on income generation, profit sharing, regulatory standing, and practical applications.

Some services go further by offering features like zakat estimators and location-based filters to reflect local Islamic finance rules. These tools help users fine-tune results for their regional context and simplify the decision-making process when identifying coins that align with Shariah law.

Other crypto practices under Shariah lens

Beyond simply identifying halal or haram tokens, many Muslim investors are now diving deeper into specific crypto activities to assess their compliance with Islamic finance. These practices, like mining, trading, and yield-generating strategies, carry varying degrees of permissibility depending on structure and intent.

For example, crypto mining is often considered halal if it doesn’t involve interest-bearing loans or environmentally harmful practices. However, meme coins, which thrive on speculation and hype, usually fall into the haram category due to elements of maysir (gambling) and gharar (uncertainty).

When it comes to trading, the permissibility depends largely on the type and mechanism. Crypto spot trading is generally seen as halal when done without leverage, while crypto futures trading and crypto leverage trading are usually considered haram due to the involvement of speculative contracts and interest-based margin systems. Similarly, crypto day trading may be permissible if the trades are executed on a spot basis and avoid excessive speculation.

On the yield side, practices like yield farming and liquidity mining require closer scrutiny. If the returns are generated through lending with interest or fixed rewards, they are generally ruled haram. However, profit-sharing mechanisms or fee-based rewards tied to real utility may allow for conditional permissibility.

To explore more nuanced rulings on emerging digital assets and income models, see the detailed Shariah analysis of DeFi practices and NFT trading, where scholars assess the technology behind each innovation, not just the profit model.

Incorporating these insights into your crypto investment strategy ensures a more holistic Shariah-aligned approach, going beyond coins to also examine how they’re used. Each crypto activity must be reviewed individually, just like tokens, to confirm it reflects Islamic values of fairness, transparency, and ethical financial behavior.

Filtering crypto with Shariah-aligned utility and real income models

Halal crypto isn’t just about skipping coins tied to gambling or interest. A growing number of Muslim investors are using a more intentional approach called real-world utility filtering. They look for coins that don’t just pass a checklist, but actually reflect values like fairness, community welfare, and transparency, key goals in Shariah law. For example, tokens used in ethical remittance or green finance often get preference. Projects like Stellar or Algorand aren't favored just because they avoid haram elements, but because they solve real problems, especially in areas like financial inclusion.

Another smart move that experienced halal investors follow is avoiding staking that promises fixed returns. Even if a coin looks clean on the surface, if the income comes from pre-set interest, it’s a red flag. A better approach is to explore profit-sharing models where returns are linked to actual business performance, like fractional real estate tokens or halal investment pools. The key is to ask whether the coin’s income model reflects real trade and risk. That simple mindset shift helps filter out misleading coins and keeps your investments on the right side, both ethically and financially.

Conclusion

Selecting cryptocurrencies that comply with Sharia law requires a structured approach and familiarity with the specific principles of Islamic finance. Many new investors often ask, “which cryptocurrency is halal?”, but the answer isn’t always straightforward. Automated tools assist with initial filtering, yet they cannot replace direct analysis of a token’s economic model and legal framework. The line between permissible and haram is often defined by nuances not visible in public listings.

If you're wondering which coins are halal, it’s important to understand that no universal list is absolute. For a sustainable investment strategy, it's essential to combine halal crypto screener tools with personal due diligence. Public lists should be treated as references, not as final verdicts. Trust is built through transparency, clear justification for inclusion, and a practice of regularly reviewing the portfolio based on evolving Shariah guidance.

FAQs

Can stablecoins be considered halal?

It depends on how they're backed and structured. If the stablecoin operates on interest-based reserves or earns fixed yields for holders, it’s usually haram. But if it’s transparently backed by real assets and avoids riba in treasury management, it may qualify for the halal coin list after proper Shariah review.

Is halal status affected by a token’s trading platform?

Yes. Even if a token is halal, trading it on platforms involved in margin trading, lending, or leverage could compromise its permissibility. Using platforms that promote shariah compliant crypto practices strengthens ethical alignment.

What should I do if a token changes its model after I invest?

Exit if it turns haram. Regularly monitor updates. If a halal project begins offering interest-based staking or integrates speculative features, it’s best to divest and realign with your halal cryptocurrency list strategy.

Can NFTs be part of a halal investment strategy?

NFTs used for art, identity, or education can be halal. But NFTs tied to gambling, pyramid structures, or profit guarantees fall under haram crypto list concerns. Shariah review of use case and intent is key.

Team that worked on the article

Alamin Morshed is a contributor at Traders Union. He specializes in writing articles for businesses that want to improve their Google search rankings to compete with their competition. With expertise in search engine optimization (SEO) and content marketing, he ensures his work is both informative and impactful.

Learn about our editorial policies

Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data. He is also an educator in the field of finance and technology.

As an author for Traders Union, he contributes his deep analytical insights on various topics, taking into account various aspects.

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).

Ponzi Scheme

A Ponzi scheme may be defined as a fraudulent scheme in which the perpetrators attract investors and pay them a relatively small profit from new investors just before the criminals abscond with the overwhelming bounty of the funds.

Day trading

Day trading involves buying and selling financial assets within the same trading day, with the goal of profiting from short-term price fluctuations, and positions are typically not held overnight.

Ethereum

Ethereum is a decentralized blockchain platform and cryptocurrency that was proposed by Vitalik Buterin in late 2013 and development began in early 2014. It was designed as a versatile platform for creating decentralized applications (DApps) and smart contracts.

Yield

Yield refers to the earnings or income derived from an investment. It mirrors the returns generated by owning assets such as stocks, bonds, or other financial instruments.

Bitcoin

Bitcoin is a decentralized digital cryptocurrency that was created in 2009 by an anonymous individual or group using the pseudonym Satoshi Nakamoto. It operates on a technology called blockchain, which is a distributed ledger that records all transactions across a network of computers.