Read educational articles, market insights, and Sharia-focused research designed for Muslim crypto investors using the CoinStudy Halal Crypto Standard (HCS) framework.
SpaceX listed on Nasdaq on June 12 in the largest IPO in history. Kraken offered two products: SPCXx tokenized equity backed 1:1 by real shares and pre-IPO perpetual futures with 5x leverage. CoinStudy's HCS analysis finds these are completely different products with completely different compliance outcomes. Full breakdown inside.
Eight exchange tokens analyzed. Eight Haram classifications. BNB, LEO, CRO, OKB, BGB, KCS, GateToken, and HTX all failed CoinStudy's HCS screening for the same reason. This blog explains exactly why exchange tokens are haram and what the pattern reveals about how Islamic finance evaluates ecosystem-level compliance.
A scholar challenged CoinStudy's red-line labeling on BNB and Uniswap. They were partially right. CoinStudy has updated "Riba Exposure" to "Ecosystem Riba Exposure" across all analyses for greater methodological precision. No verdicts changed. One label became more honest. Here is the complete explanation.
A respected Islamic fintech founder challenged CoinStudy's Terra Classic classification with thorough scholarly arguments. We committed to a fresh review. This blog publishes our findings honestly including where we agree with challengers and why our conclusion remains unchanged.
A scholar challenged our Uniswap analysis with legitimate fiqh arguments. We engaged seriously, investigated the UNIfication structural change from December 2025, and updated our analysis. UNI is now classified as 58/100 Doubtful. Here is the complete explanation of what changed and why.
Crypto airdrops are not automatically halal or haram. Their permissibility depends on three things: the project behind the airdrop, the participation conditions, and the Muslim investor's intent. CoinStudy's complete Islamic finance analysis with HCS methodology explains exactly what to check before participating.
Our Mission
To make crypto knowledge accessible and help Muslims invest in a Sharia-compliant way.
Research-Based
All articles are based on Islamic finance principles.
Reviewed
Content is reviewed by our team and Islamic finance experts.
Is Crypto Airdrop Halal in Islam?
Jun 09, 2026
