Read educational articles, market insights, and Sharia-focused research designed for Muslim crypto investors using the CoinStudy Halal Crypto Standard (HCS) framework.
Liquidity providing cannot receive one universal Islamic finance ruling. CoinStudy's Shariah Board Chairman Dr. Usman Quddus has ruled directly: permissible if given for partnership and trade AND if it is known the liquidity will be used in a permissible place. This guide applies that two-condition test to real protocols including Uniswap, Meteora, xStocks pools, and stablecoin pairs with com
Crypto lending is one of the clearest Haram classifications in Islamic crypto finance. Every form including centralized platforms, DeFi protocols like Aave and Compound, exchange earn products, and collateralized loans fails CoinStudy's Ecosystem Riba Exposure and Guaranteed Interest red lines. The chairman has confirmed: taking profit on a loan is Haram in Islamic jurisprudence. Complete gui
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.
Our Mission
To make crypto knowledge accessible and help Muslims invest in a Sharia-compliant way.
Research-Based
All articles are based on Islamic finance principles.
Reviewed
Content is reviewed by our team and Islamic finance experts.
Is Using USDT Haram in Islam?
Jun 03, 2026
