Head to head

Gains Network vs SmarDex: which is halal?

Side-by-side Shariah screening of Gains Network (GNS) and SmarDex (SDEX) under the same 27-point methodology. Both currently carry a MASHBOOH verdict.

Gains Network GNS
Mashbooh · Doubtful · Risky
58

Is Gains Network (GNS) Halal or Haram? Complete Shariah Compliance Analysis 2026 Is Gains Network halal? Gains Network is classified as doubtful (mashbooh) with a Shariah…

Full Gains Network report →
SmarDex SDEX
Mashbooh · Doubtful · Risky
58

Is SmarDex (SDEX) Halal or Haram? Complete Shariah Compliance Analysis 2026 Is SmarDex halal? SmarDex is classified as doubtful (mashbooh) with a Shariah compliance score of…

Full SmarDex report →
Score comparison
LegitimacyProjectFinancialTokenomicsStaking
GNSSDEX
Legitimacy
58.8
63.8
Project
58.3
63.2
Financial
61.5
40
Tokenomics
48.4
57
Staking
60.6
52

GNS SDEX — higher is better. Scores from the 27-point Shariah screening methodology.

Islamic principles
67.260.7
Riba
51.352.1
Gharar
53.661.4
Maysir

GNS SDEX

Quick answer
Gains Network

Gains Network is classified as doubtful (mashbooh) with a Shariah compliance score of 58/100 based on our scholar-approved methodology. The staking mechanism requires careful evaluation from an Islamic perspective.

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
SmarDex

SmarDex is classified as doubtful (mashbooh) with a Shariah compliance score of 58/100 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.

Shariah does not require a currency to have intrinsic value; what matters is social acceptance.

Ziyaad Mahomed, Shariah Committee Chairman, HSBC Amanah Malaysia Bhd