Alchemix USD vs Ethena USDe: which is halal?
Side-by-side Shariah screening of Alchemix USD (ALUSD) and Ethena USDe (USDE) under the same 27-point methodology. Alchemix USD is rated HARAM while Ethena USDe is rated MASHBOOH.
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 USDe (USDE) Halal or Haram? Complete Shariah Compliance Analysis 2026 Is Ethena USDe halal? Ethena USDe is classified as doubtful (mashbooh) with a Shariah compliance…
Full Ethena USDe report →■ ALUSD ■ USDE — higher is better. Scores from the 27-point Shariah screening methodology.
■ ALUSD ■ USDE
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
Ethena USDe is classified as doubtful (mashbooh) with a Shariah compliance score of 68.5/100 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.
“My personal view is that many crypto-assets can be deemed digital assets, while some may serve as a medium of exchange within their specific networks.”
— Mufti Faraz Adam