Algorand vs Enjin Coin: which is halal?
Side-by-side Shariah screening of Algorand (ALGO) and Enjin Coin (ENJ) under the same 27-point methodology. Both currently carry a HALAL verdict.
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 →
Is Enjin Coin (ENJ) Halal or Haram? Complete Shariah Compliance Analysis 2026 Is Enjin Coin halal? Yes, Enjin Coin is considered halal for Muslim traders and investors with a…
Full Enjin Coin report →■ ALGO ■ ENJ — higher is better. Scores from the 27-point Shariah screening methodology.
■ ALGO ■ ENJ
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
Yes, Enjin Coin is considered halal for Muslim traders and investors with a Shariah compliance score of 76.3/100 based on our scholar-approved methodology. Muslims should also carefully evaluate any DeFi protocols built on this platform to avoid interest-based applications.
“Electronic money (e-money) is a permissible payment instrument under Shariah, provided it is structured appropriately.”
— SAC of Bank Negara Malaysia