Is Shiba Inu (SHIB) Halal or Haram?

Screening Criteria

• Minimal real utility ❌
• ShibaSwap yield farming involves riba ❌
• Primarily pump-and-dump speculation ❌
• Excessive gharar ❌
• Marketing-driven price manipulation ❌

Scholar’s Note

SHIB and the Shiba Inu ecosystem include yield farming products on ShibaSwap that clearly involve riba. The primary use case is speculation with no genuine economic utility. Most Islamic scholars classify SHIB as haram — combining gharar (speculation), maysir-like behavior, and riba-based yield products.

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