Head to head

Dai vs Ethena: which is halal?

Side-by-side Shariah screening of Dai (DAI) and Ethena (ENA) under the same 27-point methodology. Dai is rated MASHBOOH while Ethena is rated HARAM.

Dai DAI
Mashbooh · Doubtful · Risky
57.4

Is Dai (DAI) Halal or Haram? Complete Shariah Compliance Analysis 2026 Is Dai halal? Dai is classified as doubtful (mashbooh) with a Shariah compliance score of 57.4/100 based on…

Full Dai report →
Ethena ENA
Haram · Not Permissible
47.5

Is Ethena (ENA) Halal or Haram? Complete Shariah Compliance Analysis 2026 Is Ethena halal? No, Ethena is not considered halal, with a Shariah compliance score of 47.5/100 based on…

Full Ethena report →
Score comparison
LegitimacyProjectFinancialTokenomicsStaking
DAIENA
Legitimacy
74.3
61.8
Project
58.7
45.2
Financial
49.5
43.8
Tokenomics
57.6
50.6
Staking
50.4
55.4

DAI ENA — higher is better. Scores from the 27-point Shariah screening methodology.

Islamic principles
48.141.5
Riba
61.353.9
Gharar
65.448.2
Maysir

DAI ENA

Quick answer
Dai

Dai is classified as doubtful (mashbooh) with a Shariah compliance score of 57.4/100 based on our scholar-approved methodology.

You must follow the stance of your own trusted scholar or shaykh in matters where legitimate scholarly differences exist.

Shaykh Dr. Sajid Umar, Personal blog/guidance piece
Ethena

No, Ethena is not considered halal, with a Shariah compliance score of 47.5/100 based on our scholar-approved methodology. The staking mechanism requires careful evaluation from an Islamic perspective.

Crypto industry prone to manipulation... fraudsters using several techniques to create artificial hype and demand for junk tokens.

Amanah Advisors