Privacy Coins: which are halal?

How this category is screened

Coins built to make transactions hard to trace. Privacy itself is not prohibited, but the anonymity features raise concerns about use in prohibited transactions, so the screen rates this group Doubtful.

A verdict covers buying the coin spot and holding it. Margin, leverage, futures and fixed-yield lending accounts fail whatever the coin.

Coins are screened on published scholarly opinion about what they do, because AAOIFI has not issued a cryptocurrency standard. Scholars who prohibit all cryptocurrency, or who withhold a ruling on it, would not accept any coin on this list. This is a screen, not a fatwa.

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