The iShares Bitcoin Trust (IBIT) is a spot Bitcoin ETF managed by BlackRock, providing exposure to Bitcoin without direct ownership. This report assesses its Shariah compliance across financial, business activity, and index inclusion criteria. While financial ratios show no debt or impermissible income issues due to its passive structure, the core business of holding cryptocurrency raises significant qualitative concerns regarding speculation (maysir) and uncertainty (gharar). No inclusion in major Shariah indices confirms non-compliance status. Investors should note ongoing scholarly debates and regional variations in crypto permissibility.