HaramCoins
PAX Gold PAXG
Gold-backed tokenStatusGenerally considered permissible
Live price…
What it is
A token where each unit is backed by one fine troy ounce of allocated physical gold.
Why this assessment
Backing by real, allocated gold aligns well with Islamic principles and avoids pure speculation. Note the nuance: exchanging gold for currency requires immediate settlement (qabd) to avoid riba al-fadl, so how you use it matters.
Key considerations
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.