Spell vs Stargate Finance: which is halal?
Side-by-side Shariah screening of Spell (SPELL) and Stargate Finance (STG) under the same 27-point methodology. Spell is rated HARAM while Stargate Finance is rated MASHBOOH.
Is Spell (SPELL) Halal or Haram? Complete Shariah Compliance Analysis 2026 Is Spell halal? No, Spell is not considered halal, with a Shariah compliance score of 29.8/100 based on…
Full Spell report →
Is Stargate Finance (STG) Halal or Haram? Complete Shariah Compliance Analysis 2026 Is Stargate Finance halal? Stargate Finance is classified as doubtful (mashbooh) with a Shariah…
Full Stargate Finance report →■ SPELL ■ STG — higher is better. Scores from the 27-point Shariah screening methodology.
■ SPELL ■ STG
No, Spell is not considered halal, with a Shariah compliance score of 29.8/100 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.
“Crypto industry prone to manipulation... fraudsters using several techniques to create artificial hype and demand for junk tokens.”
— Amanah Advisors
Stargate Finance is classified as doubtful (mashbooh) with a Shariah compliance score of 65.2/100 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.
“While blockchain promotes transparency, adoption will lead to cryptocurrencies that enhance anonymity... undermining benefits.”
— IJFMR