Alchemy Pay vs Algorand: which is halal?
Side-by-side Shariah screening of Alchemy Pay (ACH) and Algorand (ALGO) under the same 27-point methodology. Alchemy Pay is rated MASHBOOH while Algorand is rated HALAL.
Is Alchemy Pay (ACH) Halal or Haram? Complete Shariah Compliance Analysis 2026 Is Alchemy Pay halal? Alchemy Pay is classified as doubtful (mashbooh) with a Shariah compliance…
Full Alchemy Pay report →
Is Algorand (ALGO) Halal or Haram? Complete Shariah Compliance Analysis 2026 Is Algorand halal? Yes, Algorand is considered halal for Muslim traders and investors with a Shariah…
Full Algorand report →■ ACH ■ ALGO — higher is better. Scores from the 27-point Shariah screening methodology.
■ ACH ■ ALGO
Alchemy Pay is classified as doubtful (mashbooh) with a Shariah compliance score of 65.9/100 based on our scholar-approved methodology. The staking mechanism requires careful evaluation from an Islamic perspective.
“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
Yes, Algorand is considered halal for Muslim traders and investors with a Shariah compliance score of 83.7/100 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.
“Cryptocurrencies are halal due to the famous rule... if anything is widely accepted in society... it can be recognized as money.”
— Mufti Abdul Qadir Barakatullah