GeneralJul 8, 2026
Is Ethereum halal?
73 views
Question context
Ethereum is the second largest cryptocurrency and the foundation of most DeFi activity. Community members asked for a direct scholarly ruling on ETH's permissibility.
CoinStudy's answer
Research opinion from the CoinStudy Sharia team. Not a fatwa.
Our Shariah Board Chairman reviewed the full Ethereum analysis and ruled: "Ethereum is functioning well and has brought genuine improvement to commerce and trade. It provides equal economic rights to both Muslim and non-Muslim society alike. The direct causes of prohibition are absent. For these reasons Ethereum is permissible." CoinStudy classifies ETH at 88 out of 100 Halal. The chairman's ruling confirms Ethereum's network infrastructure is permissible. Individual DeFi applications built on Ethereum require separate assessment.
Related questions
- Pakistan's Grand Mufti ruled all cryptocurrency is haram. Does that mean I should stop all my crypto investments?
- Is Artificial Superintelligence Alliance FET halal? It merged Fetch.ai, SingularityNET and Ocean Protocol. Are all three components permissible together?
- Is Ducat Protocol UNIT halal? It is backed by Bitcoin only with no T-Bills. Is this different from USDT and USDC?
- Is Zebec Network ZBCN halal? It streams salaries per second to employees. This sounds like it could be the most Islamic way to pay wages.
- Is Starknet STRK halal? It uses zero knowledge proofs to scale Ethereum and recently made STRK the only gas token.