Head to head

Ethena USDe vs Tether: which is halal?

Side-by-side Shariah screening of Ethena USDe (USDE) and Tether (USDT) under the same 27-point methodology. Ethena USDe is rated MASHBOOH while Tether 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 →
Tether USDT
Haram · Not Permissible
46.4

Is Tether (USDT) Halal or Haram? Complete Shariah Compliance Analysis 2026 Is Tether halal? No, Tether is not considered halal, with a Shariah compliance score of 46.4/100 based…

Full Tether report →
Score comparison
LegitimacyProjectFinancialTokenomicsStaking
USDEUSDT
Legitimacy
68.8
57.5
Project
71.7
45
Financial
67.5
45
Tokenomics
61
51
Staking
63
29

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

Islamic principles
71.542.5
Riba
65.742.7
Gharar
67.755.9
Maysir

USDE USDT

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
Tether

No, Tether is not considered halal, with a Shariah compliance score of 46.4/100 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