Hooked Protocol vs Magic: which is halal?
Side-by-side Shariah screening of Hooked Protocol (HOOK) and Magic (MAGIC) under the same 27-point methodology. Both currently carry a MASHBOOH verdict.
Is Hooked Protocol (HOOK) Halal or Haram? Complete Shariah Compliance Analysis 2026 Is Hooked Protocol halal? Hooked Protocol is classified as doubtful (mashbooh) with a Shariah…
Full Hooked Protocol 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 →■ HOOK ■ MAGIC — higher is better. Scores from the 27-point Shariah screening methodology.
■ HOOK ■ MAGIC
Hooked Protocol is classified as doubtful (mashbooh) with a Shariah compliance score of 59.7/100 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.
“Before investing, screening crypto-assets for Shariah compliance is "absolutely essential." This includes legitimacy, project, financials, token, and staking mechanism screenings.”
— Mufti Faraz Adam
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