[Jammin]

The jihad should not be touched. Like at all.
If there's a way to fix the range issue, make it more consistent, that would be okay. But that is certainly not necessary, and the jihad should not be removed at all or nerfed.
Frankly, it's probably best to not touch it.

Due to my lack of shooting ability, I am a regular user of the jihad. I'll be the first to complain when someone 2 ft away isn't damaged, and I'll be the first to complain when I die to a jihad from the other side of the map. But its inconsistencies are almost a feature. By buying this item and using it, you guarantee your own death, and you have to deal with the inconsistent range. Think of it as a gun spread / accuracy. It's a certain degree of randomness, and it gives the jihad its own charm.