Head to head

Ethena USDe vs TerraClassicUSD: which is halal?

Side-by-side Shariah screening of Ethena USDe (USDE) and TerraClassicUSD (USTC) under the same 27-point methodology. Ethena USDe is rated MASHBOOH while TerraClassicUSD is rated HARAM.

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 →
TerraClassicUSD USTC
Haram · Not Permissible
30

Is TerraClassicUSD (USTC) Halal or Haram? Complete Shariah Compliance Analysis 2026 Is TerraClassicUSD halal? No, TerraClassicUSD is not considered halal, with a Shariah…

Full TerraClassicUSD report →
Score comparison
LegitimacyProjectFinancialTokenomicsStaking
USDEUSTC
Legitimacy
68.8
16.3
Project
71.7
35
Financial
67.5
37
Tokenomics
61
16.6
Staking
63
26

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

Islamic principles
71.548
Riba
65.719.1
Gharar
67.718.6
Maysir

USDE USTC

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
TerraClassicUSD

No, TerraClassicUSD is not considered halal, with a Shariah compliance score of 30/100 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 industry prone to manipulation... fraudsters using several techniques to create artificial hype and demand for junk tokens.

Amanah Advisors