Stock
Is Coinbase (COIN) halal?
Not permissible
Read our methodology and editorial policy.
Short answer
Coinbase as a company derives a material portion of revenue from interest — primarily the reserve interest on USDC stablecoin holdings and staking-yield programs that operate as interest-bearing products. Major shariah screens rate COIN non-compliant.
The reasoning
The interest-income test typically fails because reserve interest is a significant and growing revenue line.
Custody and trading-fee revenue alone would likely pass, but they are not the full picture in screening.
Conditions
- You can still use Coinbase's spot trading services for permissible assets — that's separate from owning the stock.
Red flags
- Direct COIN equity exposure.