Covalent vs IQ: which is halal?
Side-by-side Shariah screening of Covalent (CQT) and IQ (IQ) under the same 27-point methodology. Covalent is rated HALAL while IQ 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 IQ (IQ) Halal or Haram? Complete Shariah Compliance Analysis 2026 Is IQ halal? IQ is classified as doubtful (mashbooh) with a Shariah compliance score of 61.7/100 based on our…
Full IQ report →■ CQT ■ IQ — higher is better. Scores from the 27-point Shariah screening methodology.
■ CQT ■ IQ
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)
IQ is classified as doubtful (mashbooh) with a Shariah compliance score of 61.7/100 based on our scholar-approved methodology. The staking mechanism requires careful evaluation from an Islamic perspective.
“My personal view is that many crypto-assets can be deemed digital assets, while some may serve as a medium of exchange within their specific networks.”
— Mufti Faraz Adam