Is USDC (CRYPTO:USDC) halal? Doubtful. Based on AAOIFI screening, USDC passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 50/100 (Grade: C+).
CRYPTO:USDC — Is USDC Halal?
DoubtfulUSDC
$1.00
+0.00%
Why This Crypto Is Doubtful
- USDC reserves include US Treasury bills and other interest-bearing assets. Holding USDC may indirectly involve Riba.
Consult a qualified Islamic finance scholar for a definitive ruling on this cryptocurrency.
Shariah Compliance Status
Based on AAOIFI screening standards
Fair
Some financial ratios approaching limits
Business Activity Screen
PassedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
- USDC reserves include US Treasury bills and other interest-bearing assets. Holding USDC may indirectly involve Riba.
Screening Methodology
Cryptocurrencies are screened qualitatively based on their primary use case, underlying protocol mechanics, and involvement in prohibited activities. Financial ratio screening (AAOIFI) does not apply to crypto assets as they lack traditional financial statements.
USDC reserves include US Treasury bills and other interest-bearing assets. Holding USDC may indirectly involve Riba.
Category: Stablecoin (USD-backed)
Purify Your CRYPTO:USDC Dividends
Calculate your purification amount for CRYPTO:USDC dividends based on AAOIFI standards.
Financial Overview
Market Cap
77.3B
Price
$1.00
Sector
Cryptocurrency
Industry
Stablecoin (USD-backed)
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Disclaimer: This screening is for informational purposes only and does not constitute financial or religious advice. Compliance status is based on AAOIFI guidelines and publicly available financial data. Individual scholars may have different views. Always consult with a qualified Islamic finance advisor before making investment decisions.