What is CoinShares Bitcoin Mining ETF's Shariah compliance score?

CoinShares Bitcoin Mining ETF's (WGMI) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does CoinShares Bitcoin Mining ETF pass AAOIFI screening?

CoinShares Bitcoin Mining ETF (WGMI) 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% (WGMI: 0.0%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for CoinShares Bitcoin Mining 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 CoinShares Bitcoin Mining ETF (WGMI) using the latest financial data.

Where can I screen CoinShares Bitcoin Mining ETF for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for CoinShares Bitcoin Mining ETF (WGMI) and 10,000+ 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 WGMI's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

WGMI: Is CoinShares Bitcoin Mining ETF Halal?

CoinShares Bitcoin Mining ETF

NASDAQFinancial ServicesUS

$47.31

-4.00%

Market Cap: 196.5M

Compliance Status

Not Halal

Screened on Aug 15, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is CoinShares Bitcoin Mining ETF (WGMI) halal? Not Halal. Based on AAOIFI screening, CoinShares Bitcoin Mining ETF has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

Basket rule

Over the limit

An ETF is halal when non-compliant holdings stay under 5% of the basket by weight.

28.1% of 5.0% limit

71% of the basket's holdings were screened individually.

About CoinShares Bitcoin Mining ETF

The CoinShares Bitcoin Mining ETF, identified by the ticker WGMI, is an actively managed fund that offers investors direct access to the Bitcoin mining sector. This ETF is professionally managed by a dedicated team from CoinShares Funds LLC, operating as CoinShares. This entity is a wholly-owned subsidiary of CoinShares International Limited, a renowned, publicly traded investment management company specializing in digital assets.

Sector: Financial Services · Industry: Asset Management - Cryptocurrency

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 15, 2026

Business Activity Screen

Failed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Basket-weighted haram holdings exceed 5% (28.1%)

Basket Composition

71% 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.

43%

28%

29%

Halal43%

Doubtful0%

Not Halal28%

Unknown29%

Top Holdings

Cipher Digital IncUnknown16.46%IRENIREN LtdHalal14.25%WULFTerawulf IncNot Halal9.99%CORZCore Scientific IncHalal7.86%APLDApplied Digital CorpNot Halal5.07%BTDRBitdeer Technologies GroupNot Halal4.90%HIVEHive Digital Technologies LtdHalal4.89%Bitfarms Ltd/CanadaUnknown4.85%HUTHut 8 CorpNot Halal4.75%CLSKCleanspark IncHalal4.73%

Fiscal: N/AData source: FMP-LOOKTHROUGH

Halal Alternatives in Financial Services

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

GLDA+

SPDR Gold Shares

$401.48

+0.17%

SLVA+

iShares Silver Trust

$58.48

+0.47%

PHYSA+

Sprott Physical Gold Trust

$31.75

+0.19%

ABA+

AllianceBernstein Holding L.P.

$36.03

-1.13%

AXINA+

Axiom Intelligence Acquisition Corp 1

$10.28

+0.10%

More Financial Services Stocks

JPM

JPMorgan Chase & Co.

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Mastercard Incorporated

A+

PYPL

PayPal Holdings, Inc.

C+

BAC

Bank of America Corporation

WFC

Wells Fargo & Company

Free · No credit card required

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Frequently Asked Questions

Is CoinShares Bitcoin Mining ETF (WGMI) halal to invest in?

CoinShares Bitcoin Mining ETF (WGMI) 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 CoinShares Bitcoin Mining ETF get a F compliance rating?

CoinShares Bitcoin Mining 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 CoinShares Bitcoin Mining ETF's Shariah verdict?

CoinShares Bitcoin Mining 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 CoinShares Bitcoin Mining ETF re-screened for Shariah compliance?

CoinShares Bitcoin Mining ETF (WGMI) 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 15, 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.