GMT vs Magic: which is halal?
Side-by-side Shariah screening of GMT (GMT) and Magic (MAGIC) under the same 27-point methodology. Both currently carry a MASHBOOH verdict.
Is GMT (GMT) Halal or Haram? Complete Shariah Compliance Analysis 2026 Is GMT halal? GMT is classified as doubtful (mashbooh) with a Shariah compliance score of 61.4/100 based on…
Full GMT report →
Is Magic (MAGIC) Halal or Haram? Complete Shariah Compliance Analysis 2026 Is Magic halal? Magic is classified as doubtful (mashbooh) with a Shariah compliance score of 58.5/100…
Full Magic report →■ GMT ■ MAGIC — higher is better. Scores from the 27-point Shariah screening methodology.
■ GMT ■ MAGIC
GMT is classified as doubtful (mashbooh) with a Shariah compliance score of 61.4/100 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.
“You must follow the stance of your own trusted scholar or shaykh in matters where legitimate scholarly differences exist.”
— Shaykh Dr. Sajid Umar, Personal blog/guidance piece
Magic is classified as doubtful (mashbooh) with a Shariah compliance score of 58.5/100 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.
“Shariah does not require a currency to have intrinsic value; what matters is social acceptance.”
— Ziyaad Mahomed, Shariah Committee Chairman, HSBC Amanah Malaysia Bhd