Crypto Projects That Passed the Shariah Test

We apply the Crypto Shariah Screening Framework (Mufti Faraz Adam, 2021) to review crypto assets monthly. Criteria include:

  • Underlying technology is permissible (e.g., smart contracts, decentralized finance)
  • Project's use of funds is transparent and non-haram
  • Tokenomics avoid excessive speculation or leverage
  • Decentralized governance is free from impermissible influence

✅ Approved Crypto Projects (as of April 2025)

  • Bitcoin (BTC) – Store of value, decentralized, no haram backing
  • Ethereum (ETH) – Smart contract platform, transparent and broadly accepted
  • Polygon (MATIC) – Ethereum scaling solution, clean tokenomics
  • Solana (SOL) – High-speed smart contract chain, no impermissible governance
  • Stellar (XLM) – Remittance-focused, socially responsible mission
  • Algorand (ALGO) – PoS smart contract platform, eco-friendly and transparent
  • Cardano (ADA) – Research-driven blockchain with clean funding
  • Avalanche (AVAX) – Layer 1 smart contract platform, no leverage exposure
  • Chainlink (LINK) – Decentralized oracle network, tech-only token utility
  • Cosmos (ATOM) – Interoperable blockchain hub, decentralized governance
  • Polkadot (DOT) – Cross-chain infrastructure, compliant design
  • Hedera (HBAR) – Enterprise DLT governed by vetted council, non-financial use case
  • Internet Computer (ICP) – Decentralized internet infra, tokenomics approved
  • Tezos (XTZ) – Self-upgrading chain with transparent governance
  • Filecoin (FIL) – Decentralized file storage, clean funding and purpose
  • NEAR Protocol (NEAR) – Climate neutral smart contract platform
  • Quant (QNT) – Enterprise utility, no haram integration
  • Casper (CSPR) – Enterprise-grade PoS blockchain with transparent structure
  • XRP (XRP) – Cross-border payment token, clean use case and governance

📝 Review Frequency

These assets are reviewed monthly. Changes in tokenomics, partnerships, or project structure may affect their Shariah status. We aim to keep this list aligned with the latest rulings and frameworks.

❓ Common Questions

What is a halal crypto list?

A halal crypto list features digital assets that comply with Islamic finance principles — no gambling, excessive speculation, or prohibited industries.

How does HalalSignalz screen crypto?

We apply the Crypto Shariah Screening Framework by Mufti Faraz Adam, analyzing each token’s technology, tokenomics, and use of funds monthly.

Is Bitcoin halal?

Yes. Bitcoin is generally accepted as halal because it is decentralized, transparent, and not backed by haram activities.

Last updated: 20 April 2025