Immutable vs Magic: which is halal?
Side-by-side Shariah screening of Immutable (IMX) and Magic (MAGIC) under the same 27-point methodology. Immutable is rated HALAL while Magic is rated MASHBOOH.
Is Immutable (IMX) Halal or Haram? Complete Shariah Compliance Analysis 2026 Is Immutable halal? Yes, Immutable is considered halal for Muslim traders and investors with a Shariah…
Full Immutable 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 →■ IMX ■ MAGIC — higher is better. Scores from the 27-point Shariah screening methodology.
■ IMX ■ MAGIC
Yes, Immutable is considered halal for Muslim traders and investors with a Shariah compliance score of 78.6/100 based on our scholar-approved methodology. The staking mechanism requires careful evaluation from an Islamic perspective.
“Stated that cryptocurrency is permissible as a "virtual currency if accepted by parties.”
— IslamWeb
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