Filecoin (FIL) is currently considered halal (Sharia-compliant), per our own multi-standard crypto screen. Our full reasoning, the standards behind it and the facts it rests on are below.
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Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.
The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally above. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.
A genuine infrastructure with a real function, and no interest, prohibited business or leverage.
All 6 standards we screen on reach this independently.
Independently corroborated. 2 separate models read this coin and agreed on every fact the verdict turns on.
Default permissibility and no riba. Note the Council ruled on Bitcoin specifically - applying it to a non-currency token like this one is an extension by analogy, not something the Council itself ruled.
Fiqh Council of North America, “Regarding the Islamic Ruling on Bitcoins” — default permissibility; treated as fiat currency, so all riba rulings and bai’ al-sarf apply
No clear evidence of prohibition: no riba, no impermissible underlying activity, and a real function.
Assembly of Muslim Jurists of America — Dr. Salah Al-Sawy (Secretary General) and Dr. Yasir Qadhi: transactions are permissible unless clear evidence prohibits them
Recognised as mal with a real function, and no riba, maysir or prohibited underlying activity identified.
Securities Commission Malaysia, Shariah Advisory Council, 233rd-234th meetings, June-July 2020
Project, token and reward layers all pass.
Amanah Advisors, Crypto Shariah Screening Framework (Mufti Faraz Adam)
Validation and fee-sharing are compensation for a real service rendered to the network, not a return on capital — the position under which this firm certified Ethereum staking.
Amanie Advisors (Dr. Daud Bakar) — Shariah certification of Ethereum staking; validation treated as a real service rendered to the network rather than a return on capital
No interest-derived return to the holder.
AAOIFI Shariah Standards - riba and non-permissible income, applied to the token's return mechanism (no dedicated crypto standard exists)
No intrinsic backing and no issuing authority; excessive gharar under this position, which applies to most digital assets including Bitcoin.
Mufti Muhammad Taqi Usmani (crypto trading and investment impermissible); Dar al-Ifta al-Misriyyah (Egypt, 2018); Diyanet Isleri Baskanligi (Turkey, 2017)
The restrictive position above is shown but excluded from our own verdict: it rejects most digital assets including Bitcoin on gharar alone, so letting it decide would mark nearly everything non-compliant — which is neither our conclusion nor a defensible reading of the evidence. Hiding it would be worse.
This is our own screening verdict, reached by applying each named standard ourselves to the facts above, last established 2026-08-29. Research, not a fatwa — for a decision that binds you, ask a scholar you trust.
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 56.90 | NEUTRAL |
| Stochastic %K (14) | 67.76 | NEUTRAL |
| CCI (20) | 61.26 | NEUTRAL |
| Williams %R (14) | -32.24 | NEUTRAL |
| MACD (12,26,9) | 0.01 | BUY |
| ROC (10) | 3.50 | BUY |
| Momentum (10) | 0.03 | BUY |
| EMA (10) | 0.79 | BUY |
| SMA (10) | 0.80 | BUY |
| EMA (20) | 0.77 | BUY |
| SMA (20) | 0.76 | BUY |
| EMA (30) | 0.76 | BUY |
| SMA (30) | 0.74 | BUY |
| EMA (50) | 0.75 | BUY |
| SMA (50) | 0.73 | BUY |
| EMA (100) | 0.78 | BUY |
| SMA (100) | 0.75 | BUY |
| EMA (200) | 0.93 | SELL |
| SMA (200) | 0.85 | SELL |
Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.
Filecoin (FIL) is a decentralized storage network that enables users to rent out their unused hard drive space in exchange for Filecoin tokens. It incentivizes file storage and retrieval on the blockchain, ensuring data can be stored reliably and efficiently. Source: CoinPaprika.com
PlatformSmart ContractsBig Data & Data StoragePrivacy & SecurityComputing & Cloud InfrastructureBinance Coin (BNB) Token (BEP-20)Huobi ECO Chain (HECO) TokenLayer 1 (L1)DePINInfrastructure
Background via CoinPaprika — informational, not part of the verdict.
Aggressive buy (inflow) vs sell (outflow) volume from the recent Binance tape, by trade size. Market context only — not a signal.
From the last 1000 aggregate trades · via Binance.
Peer movement computing — it will appear here on its own.
Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.