Enjin Coin vs Magic: which is halal?
Side-by-side Shariah screening of Enjin Coin (ENJ) and Magic (MAGIC) under the same 27-point methodology. Enjin Coin is rated HALAL while Magic is rated MASHBOOH.
Is Enjin Coin (ENJ) Halal or Haram? Complete Shariah Compliance Analysis 2026 Is Enjin Coin halal? Yes, Enjin Coin is considered halal for Muslim traders and investors with a…
Full Enjin Coin report →
Is Magic (MAGIC) Halal or Haram? Complete Shariah Compliance Analysis 2026 Is Magic halal? Magic is classified as doubtful (mashbooh) with a Shariah compliance score of 58.5/100…
Full Magic report →■ ENJ ■ MAGIC — higher is better. Scores from the 27-point Shariah screening methodology.
■ ENJ ■ MAGIC
Yes, Enjin Coin is considered halal for Muslim traders and investors with a Shariah compliance score of 76.3/100 based on our scholar-approved methodology. 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
Magic is classified as doubtful (mashbooh) with a Shariah compliance score of 58.5/100 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