Magic vs Theta Network: which is halal?
Side-by-side Shariah screening of Magic (MAGIC) and Theta Network (THETA) under the same 27-point methodology. Magic is rated MASHBOOH while Theta Network 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 Theta Network (THETA) Halal or Haram? Complete Shariah Compliance Analysis 2026 Is Theta Network halal? Yes, Theta Network is considered halal for Muslim traders and investors…
Full Theta Network report →■ MAGIC ■ THETA — higher is better. Scores from the 27-point Shariah screening methodology.
■ MAGIC ■ THETA
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, Theta Network is considered halal for Muslim traders and investors with a Shariah compliance score of 73.9/100 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.
“A cryptocurrency is permissible as long as it doesn't breach Islamic prohibitions on interest, contractual uncertainty, and gambling.”
— Islamic Economic Forum