Baba
Crypto Overview
Important Note: It appears you may have confused the cryptocurrency ticker BABA with Alibaba Group's stock ticker (NYSE:BABA). After extensive research, I could not find any legitimate cryptocurrency with the ticker BABA that has verifiable information available.
Without being able to verify basic information about token distribution, intended utility, development activity, or real-world usage, I cannot proceed with a proper Sharia compliance evaluation of this cryptocurrency.
If you're interested in Alibaba Group's stock (NYSE:BABA), that would require a separate analysis focused on the company's business activities and financials rather than cryptocurrency evaluation criteria.
Crypto Impact
To assign a comfort level investing in Baba from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Baba.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.