Methodology

HaramCoins assesses each cryptocurrency against the established principles of Islamic finance, rather than issuing a binding fatwa. Every coin is examined for the following:

• Riba (interest): Does the asset or protocol pay or charge interest?
• Gharar (excessive uncertainty): Is the asset opaque or its value dangerously volatile?
• Maysir (speculation / gambling): Is value driven by gambling-like speculation rather than real use?
• Underlying activity: Does it primarily enable something impermissible (gambling, interest, illicit use)?
• Genuine utility & exchange use: Does it serve a lawful, real purpose?

We then place each coin in one of three honest categories: generally considered permissible, scholars differ (doubtful), or raises serious concerns. These reflect common scholarly reasoning — not a ruling specific to your situation.

Scholars genuinely disagree about cryptocurrencies, and respected bodies have reached different conclusions. This site is a starting point for understanding the issues; the final word belongs to a qualified scholar who knows your circumstances.