Covalent vs Syscoin: which is halal?
Side-by-side Shariah screening of Covalent (CQT) and Syscoin (SYS) under the same 27-point methodology. Covalent is rated HALAL while Syscoin 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 Syscoin (SYS) Halal or Haram? Complete Shariah Compliance Analysis 2026 Is Syscoin halal? Syscoin is classified as doubtful (mashbooh) with a Shariah compliance score of 68/100…
Full Syscoin report →■ CQT ■ SYS — higher is better. Scores from the 27-point Shariah screening methodology.
■ CQT ■ SYS
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)
Syscoin is classified as doubtful (mashbooh) with a Shariah compliance score of 68/100 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.
“Wealth is what people incline towards and can store for times of need, whether movable or immovable.”
— Majallat al-Aḥkām al-ʿAdliyyah