API3 vs Ribbon Finance: which is halal?
Side-by-side Shariah screening of API3 (API3) and Ribbon Finance (RBN) under the same 27-point methodology. API3 is rated HALAL while Ribbon Finance is rated MASHBOOH.
Is API3 (API3) Halal or Haram? Complete Shariah Compliance Analysis 2026 Is API3 halal? Yes, API3 is considered halal for Muslim traders and investors with a Shariah compliance…
Full API3 report →
Is Ribbon Finance (RBN) Halal or Haram? Complete Shariah Compliance Analysis 2026 Is Ribbon Finance halal? Ribbon Finance is classified as doubtful (mashbooh) with a Shariah…
Full Ribbon Finance report →■ API3 ■ RBN — higher is better. Scores from the 27-point Shariah screening methodology.
■ API3 ■ RBN
Yes, API3 is considered halal for Muslim traders and investors with a Shariah compliance score of 82.8/100 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
Ribbon Finance is classified as doubtful (mashbooh) with a Shariah compliance score of 65.1/100 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.
“The defining feature of money in Islam is that it is nothing but a medium of exchange. It is only that and serves nothing but that. It is not a commodity to trade or rent.”
— Mufti Faraz Adam