Is Robinhood Halal? Cash Sweep, Options & Crypto in the App
Robinhood is a broker, not a ruling. Interest on cash, options, and crypto each have their own tests — map them with IFQA.
Short answer: Robinhood is a broker app, not a ruling. Screened shares paid in cash may follow the stock debate. Interest on uninvested cash, options, and in-app crypto each have their own tests. IFQA’s Islamic finance AI can map the features you actually use. Not a fatwa.
How to review this with IFQA
1. Ask in chat
Start a free chat with which features you use.
2. Speak the question
Voice while account disclosures are open.
3. Upload the document
Upload account disclosures.
Scholarly views
| Feature | See |
|---|---|
| Cash sweep / “interest” | Bank interest |
| Options | Options |
| Crypto | Crypto pillar |
| Index ETFs | Index funds |
Permissive (conditional)
Cash purchases of screened, lawful businesses — among scholars who allow equities.
Conditional
Leaving cash in a sweep that may pay interest; mixed watchlists.
Prohibitive
Revolving margin interest, speculative options, and products you already treat as prohibited.
How to check your own case
- Do you earn interest on uninvested cash?
- Options on or off?
- Crypto on or off?
- Are holdings screened?
Related Islamic finance questions
- Stocks · Options · Robo-advisor · Index funds
Frequently asked questions
If I only buy screened stocks in cash, is the app itself haram?
The app is a broker. Cash purchases of screened shares follow the stock debate. Interest on uninvested cash is a separate riba issue.
Does turning off crypto make options fine?
No. Options have their own gharar/maysir tests.
Is this a fatwa?
No. Educational only.
Ask IFQA next
This article is educational and not a fatwa. Consult a certified Islamic scholar.