BlackRock USD Institutional Digital Liquidity Fund falls under “Tokenized fund”. The assessment below weighs its real use against the core prohibitions of riba, gharar and maysir.

01What it is

A tokenized money market fund from BlackRock, holding cash and US treasury instruments for institutions.

02Why this assessment

Returns are generated by interest bearing lending, which raises riba.

03The Islamic-finance lens

Any fixed or guaranteed return tied to BlackRock USD Institutional Digital Liquidity Fund, for example interest-bearing lending or so-called savings products, resembles riba (interest), which Islam prohibits. Simply owning or spending BlackRock USD Institutional Digital Liquidity Fund without such a mechanism does not, by itself, involve riba.

04Key considerations

05How to approach it

Practical takeaway: BlackRock USD Institutional Digital Liquidity Fund raises serious concerns. A cautious Muslim may prefer to avoid it entirely; at the very least, avoid speculation, leverage, and any interest-bearing use, and do not commit money you are relying on.

06Frequently asked questions

07Related assessments

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This website is an educational resource, not a religious edict (fatwa). Qualified scholars differ on cryptocurrencies; the assessments here are based on widely-recognised principles of Islamic finance and are provided for learning only. Always consult a qualified scholar before making any decision, and remember that nothing here is financial advice.