Halal Crypto List: Coins, Tokens, and Exchanges You Can Trust

Crypto is becoming more accessible, but not every coin or exchange is built with Islamic principles in mind. For Muslim investors, the real challenge is knowing which projects and platforms truly go into the halal crypto list.

That starts with the coins. In this article, I'll begin with the halal crypto coins list, then continue to where you can actually buy them. This includes global exchanges like Binance and Bybit to regional ones built on Shariah values.

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Halal Crypto List

Many scholars have different opinions on whether crypto is halal or haram. Some scholars believe that crypto is haram, while others are neutral on the issue.^[1]

The good thing is that some people also believe crypto can be halal, depending on its real-life practices. That means focusing on coins and tokens with transparency and use cases instead of speculation.

I’ll go into more detail about these principles later in the article. For now, let’s turn to the halal crypto list that’s worth considering for your next investment.

Bitcoin (BTC)

Bitcoin is the original cryptocurrency, built as a decentralized, peer-to-peer payment system. It doesn’t rely on banks or intermediaries, and transactions are verified by a global network of miners.

It's mainly used as digital money and a store of value, often compared to digital gold. Many people also see it as a hedge against inflation and traditional finance systems.

Scholars generally agree that Bitcoin is halal because it avoids interest and has real utility as a payment system. One example comes from Malaysia, where the Shariah Advisory Council declared Bitcoin permissible under Islamic law.^[2]

📚 Read More: Should I Buy Bitcoin?

Ethereum (ETH)

Ethereum is the second-largest blockchain after Bitcoin, built as a programmable network for decentralized apps (dApps) and smart contracts. It powers a wide ecosystem of tokens, applications, and innovations in Web3.

It’s used for everything from DeFi and NFTs to enterprise solutions and global payments. Many leading tokens, like Chainlink and Uniswap, run directly on Ethereum, making it a foundation for much of today’s crypto activity.

These real-world use cases are why some scholars view ETH as halal, particularly when used for payments or powering apps. Still, Ethereum staking and its yield products raise concerns about riba, so caution is advised.

📚 Related Reading: Top Ethereum dApps

Stellar (XLM)

Stellar was built to make moving money across borders simple and affordable. Instead of trying to replace banks, it connects them on one global network. That makes it especially useful for remittances and cross-currency transfers.

The network runs on its token, Lumens (XLM), which powers transactions and helps keep everything secure. It also lets people create digital versions of traditional money and send them without actually needing a bank account.

Plus, Stellar doesn’t shy away from showing its real-world impact. It has been used in humanitarian projects, including by the UNHCR and the International Rescue Committee (IRC), to help people move funds quickly and safely.

Stellar belongs in this halal crypto list because of its focus on real utility, like payments, inclusion, and financial access, rather than hype. Low fees and strong partnerships support its credibility, although price swings and some centralization are still worth noting.

Solana (SOL)

Solana is known for speed and low fees, making it one of the most scalable blockchains for apps, payments, and digital assets.

Its unique feature, Proof-of-History (PoH), creates a verifiable timeline of transactions without relying on external timestamps. Each transaction is linked to the one before it, producing a clear and transparent sequence of events.

This reduces uncertainty and builds trust, which is an important factor in Islamic finance where avoiding gharar (excessive ambiguity) is essential.

📚 Read More: Best Solana Markets and XLM Pairs

Developers use Solana for DeFi, NFTs, and Web3 gaming, and its utility gives it a strong case for being halal. As with other blockchains, the halal status depends on how it is applied, since apps built on it could still involve activities that are not Shariah-compliant.

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Cardano (ADA)

Cardano is a Proof-of-Stake (PoS) blockchain built in 2015 with a focus on sustainability, governance, and peer-reviewed research. Its development follows academic methods, giving it a reputation for being one of the more carefully designed crypto projects.

It’s used for dApps, identity verification, and governance, with a strong emphasis on scalability and eco-friendly infrastructure. Cardano projects also focus on social impact, particularly in developing regions where blockchain can solve real-world problems.

ADA is often viewed as halal because it avoids interest and provides clear utility. Cardano’s open-source nature adds transparency, and its staking system isn’t interest-based. It exists to secure the network rather than generate riba.

Algorand (ALGO)

Algorand is a fast, eco-friendly blockchain built for scalability and enterprise adoption. It processes transactions quickly with minimal fees, making it popular for payments and tokenization.

It’s used for decentralized finance, cross-border payments, and powering stablecoins. Governments and large institutions have also experimented with Algorand for digital currencies.

ALGO is considered one of the strongest halal options since it received official certification from the Shariyah Review Bureau (SRB). This recognition makes it a standout choice on any crypto coin halal list for Muslim investors.

Polygon (MATIC)

Polygon is a Layer 2 scaling solution for Ethereum that makes transactions faster and cheaper. It connects Ethereum-compatible chains and supports a wide ecosystem of apps.

Polygon is also used to power decentralized applications, pay transaction fees, and support governance across its network. Many DeFi and NFT projects run on Polygon due to its efficiency.

MATIC is often considered halal because it provides real utility by scaling Ethereum without ties to gambling or interest. Its role as infrastructure rather than speculation makes it more acceptable for Muslim investors.

Ripple (XRP)

Ripple was created to make moving money across borders simple and affordable. This is made possible with the XRP Ledger, which acts as a bridge between currencies.

Its native token, XRP, powers these transactions and gives the network real-world utility. Because it is designed to facilitate payments rather than generate profit through interest, many scholars consider XRP’s role to be aligned with Shariah principles.

This practical focus gives XRP a strong case for being considered halal, though volatility and speculation remain concerns. Used as intended for payments and remittances, it sits much closer to Islamic values than when treated as a speculative asset.

📚 Read More: Investing in Ripple

IOTA (MIOTA)

IOTA is a unique blockchain alternative built on a system called Tangle, designed for feeless, high-speed microtransactions. It was created for the machine economy and Internet of Things (IoT).

It’s used for powering devices, enabling machine-to-machine payments, and building decentralized data marketplaces. Companies exploring smart cities and industry automation have piloted IOTA for real-world use cases.

In 2024, IOTA’s token MIOTA was certified Shariah-compliant by the Cambridge Institute of Islamic Finance, confirming it meets Islamic financial standards.

With this recognition and a foundation in Abu Dhabi supporting Middle Eastern adoption, IOTA now holds a strong place in this crypto coin halal list for investors looking at globally recognized, faith-aligned tokens.

📚 Read More: IOTA Price Prediction

Tezos (XTZ)

Tezos is also a PoS blockchain known for its strong governance model, where holders vote directly on upgrades. It puts a big emphasis on security, community participation, and long-term sustainability.

It’s used for smart contracts, NFTs, and enterprise applications, with many projects choosing it for transparency and eco-friendly infrastructure. This focus on social responsibility makes Tezos stand out among other blockchains.

Scholars have noted that Tezos holds real underlying value, which under Islamic rulings can be considered mal (a legitimate form of property). That foundation, combined with its non-interest staking system, gives XTZ legitimacy in terms of Shariah compliance.

📚 Read More: Cardano VS Tezos

Chainlink (LINK)

Chainlink is a decentralized oracle network that connects blockchains to real-world data. It ensures smart contracts can access data such as price feeds, weather information, or sports results, preventing apps from running in isolation.

The token, LINK, is used to pay node operators and for staking, which helps secure the network. It runs on a PoS model, and the supply is capped at 1 billion tokens, so investors know what they’re working with.

From a halal perspective, LINK gets the green light from several respected Islamic finance groups, including IFG, Practical Islamic Finance, Sharlife, and the Crypto Halal Office.

Combined with its clear utility as digital infrastructure, Chainlink stands out as one of the safer and more faith-aligned picks in the crypto space.

📚 Read More: Best Chainlink Wallet

Litecoin (LTC)

Next in the halal crypto list is Litecoin (LTC). It's one of the earliest cryptocurrencies, created in 2011 by former Google engineer Charlie Lee as a lighter version of Bitcoin.

Like Bitcoin, Litecoin runs on a decentralized blockchain using Proof-of-Work, but with a different algorithm that makes it more accessible for crypto mining. Its supply is capped at 84 million coins, four times Bitcoin’s limit, reinforcing its design as digital money for everyday use.

Scholars generally view Litecoin as halal because it shares Bitcoin’s technical foundations. Plus, its straightforward role as a payment coin, along with clear utility in fast, low-cost transactions, supports its case as a permissible crypto.

Islamic Coin (ISLM)

Islamic Coin is a faith-based cryptocurrency built on the HAQQ blockchain, a PoS network compatible with Ethereum and Cosmos.

The PoS network makes it easy for developers to launch apps without rewriting existing smart contracts, while ensuring the entire system aligns with Shariah finance principles.

A unique feature of ISLM is that 10% of every newly minted coin is automatically directed to the Evergreen DAO, a virtual foundation that funds community projects and Islamic charities.

The initial distribution set aside allocations for the Evergreen Foundation, partners, reserves, and community rewards, ensuring that growth is tied to both adoption and philanthropy. With this structure, Islamic Coin is seen as halal by design.

Avalanche (AVAX)

Avalanche is a smart contract platform built for speed and efficiency, known for low fees and eco-friendly performance. It lets developers launch decentralized apps and even create their own custom blockchains, making it a strong competitor to Ethereum.

At its core, Avalanche functions as infrastructure. The technology itself doesn’t involve interest, gambling, or speculative mechanics, which makes it broadly compatible with Shariah principles. Its utility lies in powering smart contracts, payments, and scalable blockchain networks.

That said, what’s built on Avalanche varies. Some apps on its network may deal with lending, gambling, or speculation, which would not be halal.

📚 Read More: Avalanche Price (AVAX)

Halal Crypto Comparison Table

After going through the halal crypto list, it helps to step back and see them side by side. Here’s a summary of the main use cases, Shariah view, and notes for the top halal crypto coins:

Table: Comparing halal crypto

Most of the leading cryptocurrencies with clear payment or infrastructure roles are widely accepted as halal.

A smaller group, like Ethereum, Solana, and Avalanche, falls in the “depends on how it’s used” category, where the base technology is neutral but applications can be problematic.

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Where to Buy Halal Crypto

Once you know which coins or tokens fit halal standards, the next step is choosing a platform to buy them. The good news is that exchanges are starting to notice the demand for Shariah-compliant options.

Now, here’s a closer look at exchanges that are making halal crypto easier to access:

Binance

Binance is one of the largest exchanges worldwide, giving traders access to a wide range of halal-friendly crypto assets. It introduced Shariah-compliant Earn products, designed for Muslim investors who want to grow their holdings while staying within Islamic principles.

Before diving deeper, it helps to see what these Sharia Earn products actually look like. Binance lists several options with different tokens and reward rates, so here’s a quick snapshot to make things clearer:

Table: Binance Shariah-compliant earn products

Note that the annual percentage rate (APR) fluctuates daily and is shown in crypto terms, not fiat. Actual rewards may differ depending on market and network conditions.

Binance's global reach, liquidity, and educational resources make it a common entry point for those exploring halal crypto. The platform also ensures transparency with its Proof of Reserves system, offering extra reassurance for cautious investors.

Fees are competitive, starting at 0.1% per trade, and can be lowered with higher volumes or by paying with BNB. This combination of scale, Shariah Earn, and low costs keeps Binance central to the halal crypto conversation.

At the same time, Binance is not available in every country, and some Shariah-compliant products are limited to specific regions.

Bybit

Bybit is a major global exchange that has set itself apart by being the first to launch a dedicated Islamic Account. It gives Muslim traders access to crypto markets with confidence, offering spot trading and automated bots while keeping everything Shariah-compliant.

The account was developed in collaboration with CryptoHalal and ZICO Shariah Advisory Services. It gives traders access to spot markets and automated tools like DCA and Spot Grid Bots, while avoiding interest-based charges or commingling of funds.

Bybit supports more than 70 popular tokens, including BTC, ETH, SOL, ADA, and ALGO, with transparent fees and global reach. Here’s a quick overview on how you can get started:

This clear onboarding, combined with global reach and Shariah adherence, makes Bybit one of the simplest ways for Muslim investors to enter crypto with confidence.

The limitation is that Bybit’s Islamic Account is still new and does not cover every feature on the platform. Products like derivatives and leveraged trading remain outside Islamic principles, and availability can vary depending on local regulations.

Rain

Rain is a regulated exchange from Bahrain with a clean app, strong security, and reliable local fiat rails. It is designed for simplicity, which makes it easy to buy, sell, and hold the main coins.

Its Islamic positioning is clear, with a Shariah advisory process that reviews how the platform operates. The focus is on spot trading and custody, avoiding interest-based mechanics. That gives practicing investors confidence that activity aligns with core principles.

The trade-off is that Rain charges about 0.5% per trade, higher than most international exchanges, and its coin selection is limited to major tokens. Its services are also centered on the Middle East, so global coverage is still quite narrow.

Many external sources claim Rain is Shariah-certified, but I wasn’t able to confirm this on Rain’s official site. Still, being regulated by the Central Bank of Bahrain adds credibility, especially since Bahrain is known as a leader in Islamic finance.

📚 Read More: Different Types of Crypto Fees

CoinMENA

CoinMENA is a Bahrain-based exchange licensed by the Central Bank, giving it strong credibility in the Middle East. It’s built with a banking-style interface, quick fiat on-ramps, and smooth mobile access, making it simple for everyday investors.

The platform is Shariah-certified and markets itself as halal by design. This gives Muslim traders confidence that the assets and services available on CoinMENA are screened for compliance with Islamic principles.

Fees are straightforward and competitive for the region, and deposits in local currencies like AED and BHD are easy to set up. The onboarding process is simple, and account verification is fast, so new users can start trading without hassle.

The downside is that CoinMENA’s crypto selection is limited compared to global exchanges, and the trading fee is 0.75% at the moment.

Fasset

Fasset is a newer exchange that focuses on serving emerging markets with an accessible and ethical platform. Its app is designed for simplicity, making it easy for first-time users to buy, sell, and manage crypto.

The company positions itself as a halal-friendly exchange, promoting financial inclusion while aligning its products with Islamic values. It has been active in Muslim-majority regions and emphasizes compliance and transparency in how it operates.

Fasset has a quick account creation and easy local deposit methods in supported regions. For users who want to enter crypto with a values-driven provider, Fasset offers a straightforward way to begin.

Fees, however, are higher compared to global competitors. Card purchases come with a 5% charge, swaps cost 1.5%, and even basic trades sit above average. This makes Fasset more attractive for those who value convenience and local access rather than low-cost trading.

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Haqqex

Haqqex is part of the HAQQ ecosystem, an independent crypto exchange and custody solution designed under Islamic ethical values. It’s positioned as a compliant alternative for users who want an exchange built around Shariah law.

With its values-first approach, the platform emphasizes transparency, secure custody, and strong user protection. You can buy crypto directly with fiat, and spot trading is supported. Trading fees are competitive too, set at 0.08% for makers and 0.1% for takers.

Haqqex is still in its early launch phase, so features and trading pairs remain limited for now. Even so, its purpose-driven design and clear focus on compliance make it a promising option for Muslim investors seeking ethical crypto access.

How to Choose a Halal Crypto

Picking a halal crypto isn’t just about spotting the next big name on a chart. It’s about making sure your investment lines up with Islamic principles while still having real-world value.

Let’s start with the basics of Islamic finance. The first filter is always Shariah principles, and that means:

• No riba (interest). Steer clear of lending protocols, yield farming, or anything that pays fixed returns just for holding.
• No gharar (excessive uncertainty). Avoid coins that thrive on hype or pure speculation. Meme tokens fall into this category.
• No maysir (gambling). Skip lottery-style tokens and high-risk trading that feels more like betting than investing.

Once you’ve filtered out your options in the halal crypto list, the next step is to see whether a project has been recognized by Shariah scholars. Some blockchains, like Algorand, have taken the extra step to secure formal Shariah compliance certification.

After that, it comes down to judging the project’s real-world utility. A halal crypto should exist for a clear purpose, not just for speculation. Tokens that power payments, governance, or infrastructure are stronger candidates than ones created for short-term hype.

Transparency also matters here. Stablecoins should show reserve audits, and governance models should be open enough that you can see how decisions are made. Utility and transparency are what separate meaningful projects from gambling chips.

Finally, think about the way you invest in practice. Even if the asset is halal, it matters where and how you buy it. Sticking to regulated exchanges is a safer route, and if you want extra peace of mind, consider platforms that already have Shariah certification.

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Conclusions

Halal crypto is all about finding coins that fit Islamic principles while avoiding interest, gambling, or uncertainty. A halal crypto list helps cut through the noise and focus on projects with real utility.

Some of the most common examples include Bitcoin, Ethereum, Stellar, Cardano, and Algorand. All is widely seen as permissible when used for payments or real applications. Just remember to stay cautious with staking or DeFi products that may involve riba.

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

Scientific References

1. Al-Khalifa, S.: ‘Cryptohalal: An Intelligent Decision-System for Identifying Halal and Haram Cryptocurrencies’;

2. Nadeem, F.: ‘Bitcoin as Halal Crypto: a Contemporary Exploration Within Islamic Sharia’.