Is Tether (CRYPTO:USDT) halal? Doubtful. Based on AAOIFI screening, Tether passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 50/100 (Grade: C+).
CRYPTO:USDT — Is Tether Halal?
DoubtfulTether
$1.00
-0.00%
Why This Crypto Is Doubtful
- Tether (USDT) is backed partly by US Treasury bills and other interest-bearing instruments. Holding USDT 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.)
- Tether (USDT) is backed partly by US Treasury bills and other interest-bearing instruments. Holding USDT 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.
Tether (USDT) is backed partly by US Treasury bills and other interest-bearing instruments. Holding USDT may indirectly involve Riba.
Category: Stablecoin (USD-backed)
Purify Your CRYPTO:USDT Dividends
Calculate your purification amount for CRYPTO:USDT dividends based on AAOIFI standards.
Financial Overview
Market Cap
184.0B
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.