Covalent vs Ocean Protocol: which is halal?
Side-by-side Shariah screening of Covalent (CQT) and Ocean Protocol (OCEAN) under the same 27-point methodology. Covalent is rated HALAL while Ocean Protocol 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 Ocean Protocol (OCEAN) Halal or Haram? Complete Shariah Compliance Analysis 2026 Is Ocean Protocol halal? Ocean Protocol is classified as doubtful (mashbooh) with a Shariah…
Full Ocean Protocol report →■ CQT ■ OCEAN — higher is better. Scores from the 27-point Shariah screening methodology.
■ CQT ■ OCEAN
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)
Ocean Protocol 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.
“Shariah does not require a currency to have intrinsic value; what matters is social acceptance.”
— Ziyaad Mahomed, Shariah Committee Chairman, HSBC Amanah Malaysia Bhd