Numeraire vs SmarDex: which is halal?
Side-by-side Shariah screening of Numeraire (NMR) and SmarDex (SDEX) under the same 27-point methodology. Numeraire is rated HALAL while SmarDex is rated MASHBOOH.
Is Numeraire (NMR) Halal or Haram? Complete Shariah Compliance Analysis 2026 Is Numeraire halal? Yes, Numeraire is considered halal for Muslim traders and investors with a Shariah…
Full Numeraire report →
Is SmarDex (SDEX) Halal or Haram? Complete Shariah Compliance Analysis 2026 Is SmarDex halal? SmarDex is classified as doubtful (mashbooh) with a Shariah compliance score of…
Full SmarDex report →■ NMR ■ SDEX — higher is better. Scores from the 27-point Shariah screening methodology.
■ NMR ■ SDEX
Yes, Numeraire is considered halal for Muslim traders and investors with a Shariah compliance score of 73.4/100 based on our scholar-approved methodology. The staking mechanism requires careful evaluation from an Islamic perspective.
“Objections... are not strong enough to warrant a verdict of impermissibility.”
— Fiqh Council of North America
SmarDex is classified as doubtful (mashbooh) with a Shariah compliance score of 58/100 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