Algorand vs NEAR Protocol: which is halal?
Side-by-side Shariah screening of Algorand (ALGO) and NEAR Protocol (NEAR) 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 NEAR Protocol (NEAR) Halal or Haram? Complete Shariah Compliance Analysis 2026 Is NEAR Protocol halal? Yes, NEAR Protocol is considered halal for Muslim traders and investors…
Full NEAR Protocol report →■ ALGO ■ NEAR — higher is better. Scores from the 27-point Shariah screening methodology.
■ ALGO ■ NEAR
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, NEAR Protocol is considered halal for Muslim traders and investors with a Shariah compliance score of 82.4/100 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.
“Electronic money (e-money) is a permissible payment instrument under Shariah, provided it is structured appropriately.”
— SAC of Bank Negara Malaysia