Alchemix USD vs Ethena: which is halal?
Side-by-side Shariah screening of Alchemix USD (ALUSD) and Ethena (ENA) under the same 27-point methodology. Both currently carry a HARAM verdict.
Is Alchemix USD (ALUSD) Halal or Haram? Complete Shariah Compliance Analysis 2026 Is Alchemix USD halal? No, Alchemix USD is not considered halal, with a Shariah compliance score…
Full Alchemix USD report →
Is Ethena (ENA) Halal or Haram? Complete Shariah Compliance Analysis 2026 Is Ethena halal? No, Ethena is not considered halal, with a Shariah compliance score of 47.5/100 based on…
Full Ethena report →■ ALUSD ■ ENA — higher is better. Scores from the 27-point Shariah screening methodology.
■ ALUSD ■ ENA
No, Alchemix USD is not considered halal, with a Shariah compliance score of 44.7/100 based on our scholar-approved methodology. The staking mechanism requires careful evaluation from an Islamic perspective. Muslims should also carefully evaluate any DeFi protocols built on this platform to avoid interest-based applications.
“Crypto industry prone to manipulation... fraudsters using several techniques to create artificial hype and demand for junk tokens.”
— Amanah Advisors
No, Ethena is not considered halal, with a Shariah compliance score of 47.5/100 based on our scholar-approved methodology. The staking mechanism requires careful evaluation from an Islamic perspective.
“Crypto industry prone to manipulation... fraudsters using several techniques to create artificial hype and demand for junk tokens.”
— Amanah Advisors