Head to head

Ethena USDe vs PAX Gold: which is halal?

Side-by-side Shariah screening of Ethena USDe (USDE) and PAX Gold (PAXG) under the same 27-point methodology. Ethena USDe is rated MASHBOOH while PAX Gold is rated HALAL.

Ethena USDe USDE
Mashbooh · Doubtful · Risky
68.5

Is Ethena USDe (USDE) Halal or Haram? Complete Shariah Compliance Analysis 2026 Is Ethena USDe halal? Ethena USDe is classified as doubtful (mashbooh) with a Shariah compliance…

Full Ethena USDe report →
PAX Gold PAXG
Halal · Highly Recommended
89.9

Is PAX Gold (PAXG) Halal or Haram? Complete Shariah Compliance Analysis 2026 Is PAX Gold halal? Yes, PAX Gold is considered halal for Muslim traders and investors with a Shariah…

Full PAX Gold report →
Score comparison
LegitimacyProjectFinancialTokenomicsStaking
USDEPAXG
Legitimacy
68.8
95
Project
71.7
87
Financial
67.5
93.8
Tokenomics
61
72.4
Staking
63
21

USDE PAXG — higher is better. Scores from the 27-point Shariah screening methodology.

Islamic principles
71.596.9
Riba
65.779.2
Gharar
67.793
Maysir

USDE PAXG

Quick answer
Ethena USDe

Ethena USDe is classified as doubtful (mashbooh) with a Shariah compliance score of 68.5/100 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.

My personal view is that many crypto-assets can be deemed digital assets, while some may serve as a medium of exchange within their specific networks.

Mufti Faraz Adam
PAX Gold

Yes, PAX Gold is considered halal for Muslim traders and investors with a Shariah compliance score of 89.9/100 based on our scholar-approved methodology. Muslims should also carefully evaluate any DeFi protocols built on this platform to avoid interest-based applications.

Cryptocurrencies are halal due to the famous rule... if anything is widely accepted in society... it can be recognized as money.

Mufti Abdul Qadir Barakatullah