Covalent vs Ondo: which is halal?
Side-by-side Shariah screening of Covalent (CQT) and Ondo (ONDO) under the same 27-point methodology. Covalent is rated HALAL while Ondo is rated HARAM.
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 Ondo (ONDO) Halal or Haram? Complete Shariah Compliance Analysis 2026 Is Ondo halal? No, Ondo is not considered halal, with a Shariah compliance score of 46.2/100 based on our…
Full Ondo report →■ CQT ■ ONDO — higher is better. Scores from the 27-point Shariah screening methodology.
■ CQT ■ ONDO
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)
No, Ondo is not considered halal, with a Shariah compliance score of 46.2/100 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 industry prone to manipulation... fraudsters using several techniques to create artificial hype and demand for junk tokens.”
— Amanah Advisors