Magic vs Memecoin: which is halal?
Side-by-side Shariah screening of Magic (MAGIC) and Memecoin (MEME) under the same 27-point methodology. Magic is rated MASHBOOH while Memecoin is rated HARAM.
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 →
Is Memecoin (MEME) Halal or Haram? Complete Shariah Compliance Analysis 2026 Is Memecoin halal? No, Memecoin is not considered halal, with a Shariah compliance score of 42/100…
Full Memecoin report →■ MAGIC ■ MEME — higher is better. Scores from the 27-point Shariah screening methodology.
■ MAGIC ■ MEME
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
No, Memecoin is not considered halal, with a Shariah compliance score of 42/100 based on our scholar-approved methodology.
“Crypto industry prone to manipulation... fraudsters using several techniques to create artificial hype and demand for junk tokens.”
— Amanah Advisors