Escoin vs Stellar: which is halal?
Side-by-side Shariah screening of Escoin (ELG) and Stellar (XLM) under the same 27-point methodology. Escoin is rated MASHBOOH while Stellar is rated HALAL.
Is Escoin (ELG) Halal or Haram? Complete Shariah Compliance Analysis 2026 Is Escoin halal? Escoin is classified as doubtful (mashbooh) with a Shariah compliance score of 50.4/100…
Full Escoin report →
Is Stellar (XLM) Halal or Haram? Complete Shariah Compliance Analysis 2026 Is Stellar halal? Yes, Stellar is considered halal for Muslim traders and investors with a Shariah…
Full Stellar report →■ ELG ■ XLM — higher is better. Scores from the 27-point Shariah screening methodology.
■ ELG ■ XLM
Escoin is classified as doubtful (mashbooh) with a Shariah compliance score of 50.4/100 based on our scholar-approved methodology. The staking mechanism requires careful evaluation from an Islamic perspective.
“Shariah does not require a currency to have intrinsic value; what matters is social acceptance.”
— Ziyaad Mahomed, Shariah Committee Chairman, HSBC Amanah Malaysia Bhd
Yes, Stellar is considered halal for Muslim traders and investors with a Shariah compliance score of 87.3/100 based on our scholar-approved methodology. Muslims should also carefully evaluate any DeFi protocols built on this platform to avoid interest-based applications.
“A cryptocurrency is permissible as long as it doesn't breach Islamic prohibitions on interest, contractual uncertainty, and gambling.”
— Islamic Economic Forum