What is Bitwise 10 Crypto Index ETF's Shariah compliance score?

Bitwise 10 Crypto Index ETF (BITW) has a Shariah compliance score of 50/100 (Grade: C+, Fair) based on AAOIFI screening standards. Scores above 70 typically indicate strong compliance. The score factors in business activity screening and financial ratio analysis including debt levels, interest-bearing deposits, and prohibited income percentages. View the full breakdown at HalalScreener.app.

Does Bitwise 10 Crypto Index ETF pass AAOIFI screening?

Bitwise 10 Crypto Index ETF (BITW) 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% (BITW: 0.0%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 6,200+ stocks at halalscreener.app.

How much purification is needed for Bitwise 10 Crypto Index ETF stock?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the exact percentage and amount for Bitwise 10 Crypto Index ETF (BITW) using the latest financial data.

Where can I screen Bitwise 10 Crypto Index ETF for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Bitwise 10 Crypto Index ETF (BITW) and 5,100+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about BITW's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

BITW: Is Bitwise 10 Crypto Index ETF Halal?

Bitwise 10 Crypto Index ETF

AMEXFinancial ServicesUS

$51.60

+0.21%

Market Cap: 780.8M

About Bitwise 10 Crypto Index ETF

Bitwise 10 Crypto Index ETF is an exchange traded fund launched by Bitwise Investment Advisers, LLC. It invests in the currency markets. The fund invests in portfolio of crypto assets. It seeks to track the performance of the Bitwise 10 Large Cap Crypto Index. Bitwise 10 Crypto Index ETF was formed on November 22, 2017 and is domiciled in the United States.

Sector: Financial Services · Industry: Asset Management

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 26, 2026

Basket Composition

0% of basket screened

ETFs are baskets of many stocks. AAOIFI-aligned rule: basket is halal when haram weight is under 5%. The purification share is the weighted prohibited-income contribution of the underlying holdings.

100%

Halal0%

Doubtful0%

Not Halal0%

Unknown100%

Fiscal: N/AData source: FMP-LOOKTHROUGH

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Frequently Asked Questions

Is Bitwise 10 Crypto Index ETF (BITW) halal to invest in?

Bitwise 10 Crypto Index ETF (BITW) is screened using AAOIFI Standard 21 look-through analysis. Each underlying holding is screened individually and the weighted aggregate determines the fund verdict. Check the verdict above for the current compliance ruling.

Why did Bitwise 10 Crypto Index ETF get a C+ compliance rating?

Bitwise 10 Crypto Index ETF's compliance grade is determined by AAOIFI Standard 21 screening, a two-step process: (1) qualitative screen for prohibited business activities and (2) quantitative check of debt, interest deposits, and prohibited income ratios. Scroll up to see the detailed ratio breakdown.

What could change Bitwise 10 Crypto Index ETF's Shariah verdict?

Bitwise 10 Crypto Index ETF's verdict is recalculated whenever the fund rebalances or holdings change materially. If the haram-weight of underlying holdings crosses 5% (the AAOIFI threshold for fund look-through), the verdict will flip to Not Halal. HalalScreener rescreens ETFs at each rebalance cycle.

How often is Bitwise 10 Crypto Index ETF re-screened for Shariah compliance?

Bitwise 10 Crypto Index ETF (BITW) 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: Aug 26, 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.