Head to head

Covalent vs IOTA: which is halal?

Side-by-side Shariah screening of Covalent (CQT) and IOTA (IOTA) under the same 27-point methodology. Covalent is rated HALAL while IOTA is rated MASHBOOH.

Covalent CQT
Halal · Recommended with Purification
78.9

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 →
IOTA IOTA
Mashbooh · Doubtful · Risky
68.5

Is IOTA (IOTA) Halal or Haram? Complete Shariah Compliance Analysis 2026 Is IOTA halal? IOTA is classified as doubtful (mashbooh) with a Shariah compliance score of 68.5/100 based…

Full IOTA report →
Score comparison
LegitimacyProjectFinancialTokenomicsStaking
CQTIOTA
Legitimacy
85.5
68.8
Project
80.8
71.7
Financial
72.3
67.5
Tokenomics
75
61
Staking
71.6
63

■ CQT ■ IOTA — higher is better. Scores from the 27-point Shariah screening methodology.

Islamic principles
85.171.5
Riba
71.665.7
Gharar
79.167.7
Maysir

■ CQT ■ IOTA

Quick answer
Covalent

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)
IOTA

IOTA is classified as doubtful (mashbooh) with a Shariah compliance score of 68.5/100 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.

“While blockchain promotes transparency, adoption will lead to cryptocurrencies that enhance anonymity... undermining benefits.”

— IJFMR