MultiversX vs Phala: which is halal?
Side-by-side Shariah screening of MultiversX (EGLD) and Phala (PHA) under the same 27-point methodology. Both currently carry a HALAL verdict.
Is MultiversX (EGLD) Halal or Haram? Complete Shariah Compliance Analysis 2026 Is MultiversX halal? Yes, MultiversX is considered halal for Muslim traders and investors with a…
Full MultiversX report →
Is Phala (PHA) Halal or Haram? Complete Shariah Compliance Analysis 2026 Is Phala halal? Yes, Phala is considered halal for Muslim traders and investors with a Shariah compliance…
Full Phala report →■ EGLD ■ PHA — higher is better. Scores from the 27-point Shariah screening methodology.
■ EGLD ■ PHA
Yes, MultiversX is considered halal for Muslim traders and investors with a Shariah compliance score of 81.2/100 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 system which is acceptable among people is sufficient to establish a currency in Shariah.”
— Mufti Faraz Adam
Yes, Phala is considered halal for Muslim traders and investors with a Shariah compliance score of 72.5/100 based on our scholar-approved methodology. The staking mechanism requires careful evaluation from an Islamic perspective.
“Cryptocurrencies are halal due to the famous rule... if anything is widely accepted in society... it can be recognized as money.”
— Mufti Abdul Qadir Barakatullah