Is Siacoin (SC) Halal or Haram?
Last screened: April 2026 · Reviewed against AAOIFI Shariah Standards
✅
HALAL — Siacoin
Decentralized cloud storage network — hosts earn SC for providing storage
Screening Criteria
- Real utility — encrypted cloud storage ✅
- No gambling mechanism ✅
- No interest-bearing structure ✅
- Competitive pricing vs traditional cloud ✅
- Service-for-payment model ✅
Scholar’s Note
Siacoin is one of the original decentralized storage networks. Hosts earn SC for providing storage services — a legitimate service-compensation arrangement. Islamic scholars generally consider SC halal.
⚠ This screening is for educational purposes only. For a binding religious ruling (fatwa), please consult a qualified Islamic scholar (mufti) familiar with your specific circumstances.
Our Screening Methodology
We screen every cryptocurrency against 5 criteria derived from AAOIFI Shariah Standards and scholarly consensus:
- ✓ No Riba — No interest-bearing mechanisms or yield that resembles usury
- ✓ No Gharar — No excessive uncertainty or deception in the token’s structure
- ✓ No Maysir — No gambling mechanics or purely speculative mechanisms
- ✓ Genuine Utility — The asset serves a real economic or technological purpose
- ✓ Halal Business — The underlying project does not facilitate haram activities
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