Covalent vs Fantom: which is halal?
Side-by-side Shariah screening of Covalent (CQT) and Fantom (FTM) under the same 27-point methodology. Both currently carry a HALAL verdict.
Is Covalent (CQT) Halal or Haram? Complete Shariah Compliance Analysis 2026 Is Covalent halal? Yes, Covalent is considered halal for Muslim traders and investors with a Shariah…
Full Covalent report →
Is Fantom (FTM) Halal or Haram? Complete Shariah Compliance Analysis 2026 Is Fantom halal? Yes, Fantom is considered halal for Muslim traders and investors with a Shariah…
Full Fantom report →■ CQT ■ FTM — higher is better. Scores from the 27-point Shariah screening methodology.
■ CQT ■ FTM
Yes, Covalent is considered halal for Muslim traders and investors with a Shariah compliance score of 78.9/100 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 as a currency... is haram... crypto as a commodity... is legally [halal].”
— MUI (Clarification)
Yes, Fantom is considered halal for Muslim traders and investors with a Shariah compliance score of 79.8/100 based on our scholar-approved methodology. Muslims should also carefully evaluate any DeFi protocols built on this platform to avoid interest-based applications.
“In Shariah, the fundamental requirement for a counter value or consideration is that it has status as māl, meaning property.”
— Mufti Muhammad Abu-Bakar