Read educational articles, market insights, and Sharia-focused research designed for Muslim crypto investors using the CoinStudy Halal Crypto Standard (HCS) framework.
Arc Network scores 72/100 under CoinStudy's HCS methodology, classified as Halal With Concerns. Circle's $3B USDC-native Layer 1 blockchain passes all red line checks as neutral payment and settlement infrastructure, but USYC Treasury token native integration, Circle's 25% token concentration, permissioned validator set, and the USDC compliance question require honest acknowledgment. Testnet
DeFi cannot receive one universal ruling because it is a category containing hundreds of protocols with fundamentally different financial structures. CoinStudy's complete Islamic finance guide applies our HCS methodology to every major DeFi category: lending, perpetual futures, yield tokenization, DEX trading, liquidity provision, liquid staking, and real-world asset tokenization.
Backpack Securities launched in June 2026 with stronger DTC custody backing than xStocks and genuine broker-dealer infrastructure. CoinStudy's complete guide covers why Backpack's structure is more credible than xStocks, the cross-margin and Auto Lend concerns Muslim investors must navigate, which company stocks pass Islamic equity screening, and the specific account configuration for permiss
Perpetual DEX airdrops offer significant financial returns but every element of these campaigns fails Islamic finance principles. CoinStudy explains why pre-depositing USDC into BULK Exchange, staking BulkSOL, referral programs, and trading for points are all impermissible, with specific analysis of BULK Exchange's current pre-deposit campaign and the Hyperliquid precedent.
CoinStudy's Shariah Board Chairman Dr. Usman Quddus has ruled directly on xStocks and tokenized equity activities. Buying and holding halal company xStocks is Mubah. LP in halal pairs is permissible. Standard DeFi lending is Haram. Apple and Nvidia pass Islamic equity screening. MicroStrategy and bank stocks are Haram. Complete guide inside.
Buying a token and contributing to a project are two different compliance questions with two different answers. CoinStudy's Shariah Board chairman has ruled that contribution focused on permissible infrastructure content, with deliberate avoidance of haram-classified applications, remains permissible under the majority work principle in Islamic jurisprudence. Complete guide for Muslim Web3 c
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To make crypto knowledge accessible and help Muslims invest in a Sharia-compliant way.
Research-Based
All articles are based on Islamic finance principles.
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Content is reviewed by our team and Islamic finance experts.
Is Crypto Airdrop Halal in Islam?
Jun 09, 2026
