I have noticed that many people ask about the Islamic ruling on the Shiba Inu (SHIB) coin, especially with the recent increase in interest. Let me share what I understand about the topic.

First, SHIB started in 2020 on the Ethereum network as a meme coin, but it has evolved to become more than just a joke. The project built a real ecosystem that includes ShibaSwap (a decentralized trading platform), blockchain games, and other tokens like BONE and LEASH. This gives it a stronger real foundation than many other meme coins.

Regarding the Shariah perspective, the matter is not as simple as it seems. If you bought SHIB and traded it normally without leverage, there is no clear Islamic prohibition based on the current nature of the project. But the issue arises if you use leverage — in this case, trading becomes impermissible because it involves usurious contracts and selling what you do not own.

Another important point is the high volatility and speculation. Digital currencies in general are very volatile, and SHIB is among the most volatile. If you trade it solely for quick profit without a conscious study of the project and risks, this approaches gambling rather than genuine investment.

The team behind Shiba Inu appears committed to improving its Shariah compliance in the long term. They are working on projects like Self-Sovereign Digital Identity (SSI) to increase transparency and trust.

In summary: if you want to buy SHIB without leverage and with a conscious study of the project, there is no clear Islamic prohibition. But if you trade with leverage or for random speculation, it’s better to avoid it. It’s also advisable to consult a knowledgeable Islamic scholar familiar with digital currencies for a deeper analysis suited to your specific situation.