Covalent vs Gains Network: which is halal?
Side-by-side Shariah screening of Covalent (CQT) and Gains Network (GNS) under the same 27-point methodology. Covalent is rated HALAL while Gains Network is rated MASHBOOH.
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 Gains Network (GNS) Halal or Haram? Complete Shariah Compliance Analysis 2026 Is Gains Network halal? Gains Network is classified as doubtful (mashbooh) with a Shariah…
Full Gains Network report →■ CQT ■ GNS — higher is better. Scores from the 27-point Shariah screening methodology.
■ CQT ■ GNS
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)
Gains Network is classified as doubtful (mashbooh) with a Shariah compliance score of 58/100 based on our scholar-approved methodology. The staking mechanism requires careful evaluation from an Islamic perspective.
“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