Is Enjin Coin (ENJ) Halal or Haram?

Screening Criteria

• Real utility — NFT backing mechanism ✅
• No gambling mechanism in the protocol ✅
• No interest-bearing structure ✅
• Backed NFTs have guaranteed minimum value ✅
• Focus on legitimate gaming items ✅

Scholar’s Note

Enjin provides a unique mechanism where NFT game items are backed by ENJ tokens, giving them guaranteed value. This is analogous to physical asset ownership. Islamic scholars generally consider ENJ halal — the backing mechanism aligns with Islamic requirements for real underlying value.

Our Screening Methodology

We screen every cryptocurrency against 5 criteria derived from AAOIFI Shariah Standards and scholarly consensus:

• ✓ No Riba — No interest-bearing mechanisms or yield that resembles usury
• ✓ No Gharar — No excessive uncertainty or deception in the token’s structure
• ✓ No Maysir — No gambling mechanics or purely speculative mechanisms
• ✓ Genuine Utility — The asset serves a real economic or technological purpose
• ✓ Halal Business — The underlying project does not facilitate haram activities