Coin verdict · decentralised storage · Updated 2026-04-26
Siacoin is the native token of the Sia network, a decentralised storage marketplace launched in 2015. SC is used to form storage contracts between renters and hosts, with collateral-backed file contracts ensuring host accountability. The protocol uses proof-of-work consensus and has no native staking. From an AAOIFI-aligned perspective, Siacoin is structurally similar to Storj and Arweave: fee-for-service, no staking yield, no embedded interest. Spot SC passes our gates cleanly.
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Per AAOIFI-aligned framework, our screening shows: Per AAOIFI-aligned framework, our screening shows spot SC passes every gate. Eligible for Moderate and Multi-X tiers.
Our framework uses an AAOIFI-aligned methodology, with Saudi Permanent Committee for Scholarly Research and Ifta and public Islamic-finance references.
Spot SC has no embedded interest. Sia uses proof-of-work; there is no native staking.
Asset specifications, supply schedule, and on-chain settlement are publicly verifiable. Spot ownership transfers cleanly with no embedded contingent payoffs. Sia's file-contract design, collateral mechanics, and proof-of-work consensus are publicly documented.
Spot purchase is direct ownership of a defined asset, not a wager. Our bot never places leverage, futures, perpetuals, options, or margin trades — eliminating the maysir vector at execution.
Sia's protocol revenue is storage fees from a productive decentralised storage use case.
SC clears Moderate tier liquidity gates on tier-1 venues.
Per AAOIFI-aligned framework, our screening shows spot SC passes every gate. Eligible for Moderate and Multi-X tiers.
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Per AAOIFI-aligned framework, spot SC passes every gate. Proof-of-work with fee-for-service storage is a clean structural profile.
No. Sia uses proof-of-work. There is no native staking yield to debate.
Sia's primitive for renter-host agreements with collateral lockup. The collateral mechanism enforces accountability without introducing riba — it is more like a security deposit than interest.
Moderate and Multi-X tiers when volume gates clear.
No. The model is pure fee-for-service.
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Last updated 2026-04-26; Author: HalalCrypto Research Team. Information only — not financial or Shariah advice. Make your own taqlid choice.