Is this crypto halal? Shariah screening report
Shiba Inu
SHIB
- Price
- $0.000005
- Market cap
- $3.02B
- Circulating supply
- 589,239,306,841,609.9
- 24h change
- -0.47%
Report generated 8/27/2026, 6:34:28 PM · stored corpus assessment · confidence 88%
Crypto Halal Report Criteria
We use a disciplined framework to determine if a digital asset is Comfortable from a sharia perspective, based on three core pillars.
Purpose & Real-World Value Clear
SHIB was created in August 2020 as an Ethereum-based meme token, initially inspired by Dogecoin. The project has evolved to become an ecosystem that includes a decentralized exchange (ShibaSwap), NFT platform, and various other decentralized applications. Current Utility and Developments The Shiba Inu ecosystem now includes: ShibaSwap DEX allowing token swaps and liquidity provision, Shiboshi NFT
Honesty & Founder Intent Clear
Initially, 50% of SHIB tokens were sent to Vitalik Buterin's wallet (who burned 90% and donated the rest to charity). The remaining supply is distributed among holders, with no significant founder allocation identified. Revenue Model The ecosystem generates revenue through trading fees on ShibaSwap, NFT sales, and gaming transactions. These mechanisms don't involve interest- bearing products or l
Dealing with Risk & Speculation Clear
Speculative trading of a real asset is treated as trade, not gambling, under the screening framework.
Crypto Overview
Purpose and Utility
SHIB was created in August 2020 as an Ethereum-based meme token, initially inspired by Dogecoin. The project has evolved to become an ecosystem that includes a decentralized exchange (ShibaSwap), NFT platform, and various other decentralized applications. Current Utility and Developments The Shiba Inu ecosystem now includes: ShibaSwap DEX allowing token swaps and liquidity provision, Shiboshi NFTs, and the recent launch of Shibarium (layer-2 scaling solution). The project has also expanded into gaming with the development of Shiba Eternity and is working on a metaverse project.
Current Usage
SHIB has achieved significant merchant adoption, with over 600 merchants accepting it as payment through platforms like NOWPayments and BitPay. Major retailers and services including GameStop, AMC Theatres, and Newegg have integrated SHIB payments.
Development Activity
The ecosystem shows active development with the launch of Shibarium in August 2023, consistent updates to ShibaSwap, and ongoing metaverse development. The developer community maintains regular GitHub activity.
Token Distribution
Initially, 50% of SHIB tokens were sent to Vitalik Buterin's wallet (who burned 90% and donated the rest to charity). The remaining supply is distributed among holders, with no significant founder allocation identified. Revenue Model The ecosystem generates revenue through trading fees on ShibaSwap, NFT sales, and gaming transactions. These mechanisms don't involve interest- bearing products or lending.
Rating Justification
ComfortableThe Shiba Inu ecosystem has demonstrated legitimate utility through its DEX, NFT platform, and layer-2 solution. While it began as a meme token, it has developed genuine use cases and maintains active development. Key factors supporting halal classification: 1. Real asset ownership and transfer through token trading 2. Legitimate utility through DEX and NFT platforms 3. No obvious enrichment scheme for founders 4. No interest-bearing products or gambling mechanisms in core functions 5. Transparent token distribution 6. Active development and adoption
- Real asset ownership and transfer through token trading
- Legitimate utility through DEX and NFT platforms
- No obvious enrichment scheme for founders
- No interest-bearing products or gambling mechanisms in core functions
- Transparent token distribution
- Active development and adoption
While we find this token comfortable to invest in from a Shariah-screening perspective, this does not imply we think it is a strong investment.
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Disclaimer: These reports are findings of AI analysis and cannot be guaranteed to be accurate. Ratings reflect opinions derived from automated criteria applied to the sources you submitted and a corpus of prior assessments. This is not a fatwa and does not determine Islamic law. Ratings may change as projects evolve. Always conduct your own research before investing.
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