Covalent vs Pyth Network: which is halal?
Side-by-side Shariah screening of Covalent (CQT) and Pyth Network (PYTH) under the same 27-point methodology. Both currently carry a HALAL verdict.
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 Pyth Network (PYTH) Halal or Haram? Complete Shariah Compliance Analysis 2026 Is Pyth Network halal? Yes, Pyth Network is considered halal for Muslim traders and investors with…
Full Pyth Network report →■ CQT ■ PYTH — higher is better. Scores from the 27-point Shariah screening methodology.
■ CQT ■ PYTH
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)
Yes, Pyth Network is considered halal for Muslim traders and investors with a Shariah compliance score of 74.3/100 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.
“Electronic money (e-money) is a permissible payment instrument under Shariah, provided it is structured appropriately.”
— SAC of Bank Negara Malaysia