Head to head

Ethena USDe vs Zcash: which is halal?

Side-by-side Shariah screening of Ethena USDe (USDE) and Zcash (ZEC) under the same 27-point methodology. Ethena USDe is rated MASHBOOH while Zcash 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 →
Zcash ZEC
Halal · Recommended with Purification
82.2

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

Full Zcash report →
Score comparison
LegitimacyProjectFinancialTokenomicsStaking
USDEZEC
Legitimacy
68.8
86.8
Project
71.7
83.7
Financial
67.5
82.5
Tokenomics
61
71.6
Staking
63
63

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

Islamic principles
71.589.9
Riba
65.777.8
Gharar
67.777.1
Maysir

USDE ZEC

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
Zcash

Yes, Zcash is considered halal for Muslim traders and investors with a Shariah compliance score of 82.2/100 based on our scholar-approved methodology.

Objections... are not strong enough to warrant a verdict of impermissibility.

Fiqh Council of North America