Magic vs WAX: which is halal?
Side-by-side Shariah screening of Magic (MAGIC) and WAX (WAXP) under the same 27-point methodology. Magic is rated MASHBOOH while WAX 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 WAX (WAXP) Halal or Haram? Complete Shariah Compliance Analysis 2026 Is WAX halal? Yes, WAX is considered halal for Muslim traders and investors with a Shariah compliance score…
Full WAX report →■ MAGIC ■ WAXP — higher is better. Scores from the 27-point Shariah screening methodology.
■ MAGIC ■ WAXP
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, WAX is considered halal for Muslim traders and investors with a Shariah compliance score of 72.7/100 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.
“Objections... are not strong enough to warrant a verdict of impermissibility.”
— Fiqh Council of North America