Ethena vs My Neighbor Alice: which is halal?
Side-by-side Shariah screening of Ethena (ENA) and My Neighbor Alice (ALICE) under the same 27-point methodology. Ethena is rated HARAM while My Neighbor Alice is rated MASHBOOH.
Is Ethena (ENA) Halal or Haram? Complete Shariah Compliance Analysis 2026 Is Ethena halal? No, Ethena is not considered halal, with a Shariah compliance score of 47.5/100 based on…
Full Ethena report →
Is My Neighbor Alice (ALICE) Halal or Haram? Complete Shariah Compliance Analysis 2026 Is My Neighbor Alice halal? My Neighbor Alice is classified as doubtful (mashbooh) with a…
Full My Neighbor Alice report →■ ENA ■ ALICE — higher is better. Scores from the 27-point Shariah screening methodology.
■ ENA ■ ALICE
No, Ethena is not considered halal, with a Shariah compliance score of 47.5/100 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
My Neighbor Alice is classified as doubtful (mashbooh) with a Shariah compliance score of 63.1/100 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.
“The defining feature of money in Islam is that it is nothing but a medium of exchange. It is only that and serves nothing but that. It is not a commodity to trade or rent.”
— Mufti Faraz Adam