What is Bitfarms Ltd.'s Shariah compliance score?

Bitfarms Ltd.'s (BITF) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Bitfarms Ltd. pass AAOIFI screening?

Bitfarms Ltd. (BITF) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (BITF: 52.5%), (3) interest-bearing deposits below 30% (BITF: 44.0%), and (4) prohibited income below 5% (BITF: 2.7%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Bitfarms Ltd. stock?

Bitfarms Ltd. (BITF) has a non-permissible income ratio of 2.74%. Muslim investors should purify this percentage of any dividends received and capital gains realized from BITF shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Bitfarms Ltd. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Bitfarms Ltd. (BITF) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about BITF's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

BITF: Is Bitfarms Ltd. Halal?

Bitfarms Ltd.

NASDAQFinancial ServicesCA

$2.16

+9.09%

Market Cap: 1.3B

Compliance Status

Not Halal

Screened on Jul 16, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Bitfarms Ltd. (BITF) halal? Not Halal. Based on AAOIFI screening, Bitfarms Ltd. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Over the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

52.5% of 30.0% limit

What this means for you

Most scholars advise not holding BITF

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Bitfarms Ltd.

Bitfarms Ltd. operates an enterprise focused on the extraction of various digital currencies across North America. The company maintains and runs its own data centers, primarily dedicated to verifying transactions on the Bitcoin Blockchain, from which it obtains cryptocurrency through block rewards and associated transaction fees. In addition to its mining operations, Bitfarms provides electrical contracting services to commercial and residential customers throughout Quebec, Canada. It also offers hosting facilities for external cryptocurrency mining equipment. Founded in 2017, the company maintains its corporate headquarters in Toronto, Canada.

Sector: Financial Services · Industry: Financial - Capital Markets

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 16, 2026

Compliance History

Not Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

Tracked since May 2026. Updates automatically on each re-screen.

Fiscal: FY 2025Data source: FMP

Halal Alternatives in Financial Services

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

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PSLVA+

Sprott Physical Silver Trust

$21.30

+6.23%

PHYSA+

Sprott Physical Gold Trust

$31.75

+0.19%

ABA+

AllianceBernstein Holding L.P.

$36.03

-1.13%

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Wells Fargo & Company

Free · No credit card required

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Frequently Asked Questions

Is Bitfarms Ltd. (BITF) halal to invest in?

Bitfarms Ltd. (BITF) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.

Why did Bitfarms Ltd. get a F compliance rating?

Bitfarms Ltd. (BITF) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 52.5% (limit 30%); interest-bearing deposits of 44.0% (limit 30%); prohibited income of 2.74% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Bitfarms Ltd.'s Shariah verdict?

Bitfarms Ltd.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.

How often is Bitfarms Ltd. re-screened for Shariah compliance?

Bitfarms Ltd. (BITF) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jul 16, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.