Is this crypto halal? Shariah screening report

Bitcoin Avalanche Bridged

BTC.b

Comfortable

Price: $78,149.41
Market cap: $153.52M
Circulating supply: 1,964.409
24h change: 0.59%

Report generated 8/27/2026, 6:34:27 PM · stored corpus assessment · confidence 88%

Crypto Halal Report Criteria

We use a disciplined framework to determine if a digital asset is Comfortable from a sharia perspective, based on three core pillars.

Purpose & Real-World Value Clear

The primary purpose of BTC.b is to enable Bitcoin holders to participate in the Avalanche DeFi ecosystem while maintaining exposure to Bitcoin. Each BTC.b token is backed 1:1 by actual Bitcoin held in secure custody.

Honesty & Founder Intent Clear

BTC.b is created solely through user deposits of Bitcoin, with no pre-mine or team allocation. The supply is entirely determined by user demand for bridged Bitcoin on Avalanche.

Dealing with Risk & Speculation Clear

Speculative trading of a real asset is treated as trade, not gambling, under the screening framework.

Crypto Overview

Bitcoin EcosystemRehypothecated Crypto

Purpose and Utility

Current Usage

BTC.b has gained significant adoption within the Avalanche ecosystem, being used in various DeFi protocols for trading and liquidity provision. The token maintains consistent trading volume and liquidity across multiple decentralized exchanges on Avalanche.

Business Model

The bridging process involves users depositing BTC into a smart contract, which then mints an equivalent amount of BTC.b on Avalanche. Users can redeem their BTC.b back to native BTC at any time. The bridge is operated by Core Labs, which maintains the infrastructure and security of the bridging mechanism.

Development Activity

The Core bridge infrastructure undergoes regular maintenance and security updates. The team maintains transparency about the backing of BTC.b tokens with actual Bitcoin through verifiable on-chain data.

Token Distribution

BTC.b is created solely through user deposits of Bitcoin, with no pre-mine or team allocation. The supply is entirely determined by user demand for bridged Bitcoin on Avalanche.

Rating Justification

Comfortable

BTC.b represents actual ownership of Bitcoin in a wrapped form on the Avalanche network. The token serves a clear utility purpose by enabling Bitcoin holders to participate in the Avalanche ecosystem while maintaining their Bitcoin exposure. The 1:1 backing with real Bitcoin ensures that token holders have legitimate ownership of the underlying asset. The bridging mechanism involves actual transfer and custody of assets, not zero-sum gambling. While there are inherent risks with any bridge implementation, these technical risks do not affect the halal status of the token itself.

While we find this token comfortable to invest in from a Shariah-screening perspective, this does not imply we think it is a strong investment.

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Disclaimer: These reports are findings of AI analysis and cannot be guaranteed to be accurate. Ratings reflect opinions derived from automated criteria applied to the sources you submitted and a corpus of prior assessments. This is not a fatwa and does not determine Islamic law. Ratings may change as projects evolve. Always conduct your own research before investing.

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