The absence of formal guidelines limits harmonisation across jurisdictions, says Fitch.

Cryptocurrency offerings in Islamic finance are expected to remain limited to certain markets due to lack of guidance and divergent religious interpretation, said Fitch Ratings.

Malaysia is amongst the most open jurisdictions for cryptocurrency adoption in Islamic finance, with the local securities commission declaring some cryptocurrencies as Shariah compliant, Saif Shawqi, director for Islamic finance at Fitch Ratings, said in a video published on 5 October 2026.

The overall total trading value on regulated digital assets exchanges increased by 23% year-on-year (YoY) to over $4b in 2025.

Adoption outside certain markets is likely to remain uneven,…