Is Bitcoin Cash (BCH) halal?
Bitcoin Cash (BCH) passes the crypto Shariah screen Sanad uses. Formally confirmed as Shariah-compliant by the Shariah Advisory Council of Securities Commission Malaysia — a government securities regulator — following its 2020 resolution recognizing qualifying digital assets as māl (Shariah-recognized property).
How it was screened
Securities Commission Malaysia's Shariah Advisory Council (SAC) — 247th SAC Meeting, 23 August 2021 Source ↗
About Bitcoin Cash
Bitcoin Cash is a hard fork of Bitcoin with a protocol upgrade to fix on-chain capacity. Bitcoin Cash intends to be a Bitcoin without Segregated Witness (SegWit) as soft fork, where upgrades of the protocol are done mainly through hard forks and without changing the original economic rules of the Bitcoin. Bitcoin Cash (BCH) is released on 1st August 2017 as an upgraded version of the original Bitcoin Core software. The main upgrade is the increase in the block size limit…
| Hashing algorithm | SHA-256 |
|---|---|
| Categories | Smart Contract Platform · Layer 1 (L1) · Bitcoin Fork · Proof of Work (PoW) · Coinbase 50 Index |
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Frequently asked questions
Is Bitcoin Cash halal?
Bitcoin Cash (BCH) passes the crypto Shariah screen Sanad uses. Formally confirmed as Shariah-compliant by the Shariah Advisory Council of Securities Commission Malaysia — a government securities regulator — following its 2020 resolution recognizing qualifying digital assets as māl (Shariah-recognized property).
Which Shariah framework is used?
Securities Commission Malaysia's Shariah Advisory Council (SAC) — 247th SAC Meeting, 23 August 2021
Can the result change?
Yes. Crypto projects change, so Sanad re-screens against the framework regularly and updates the verdict when a project changes.