Magic vs SKALE: which is halal?
Side-by-side Shariah screening of Magic (MAGIC) and SKALE (SKL) under the same 27-point methodology. Magic is rated MASHBOOH while SKALE is rated HALAL.
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 SKALE (SKL) Halal or Haram? Complete Shariah Compliance Analysis 2026 Is SKALE halal? Yes, SKALE is considered halal for Muslim traders and investors with a Shariah compliance…
Full SKALE report →■ MAGIC ■ SKL — higher is better. Scores from the 27-point Shariah screening methodology.
■ MAGIC ■ SKL
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
Yes, SKALE is considered halal for Muslim traders and investors with a Shariah compliance score of 75.3/100 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.
“Electronic money (e-money) is a permissible payment instrument under Shariah, provided it is structured appropriately.”
— SAC of Bank Negara Malaysia