CUPRNot HalalF
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Compliance Status

Not Halal

Screened on Oct 8, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is Cuprina Holdings (Cayman) Limited Class A Ordinary Shares (CUPR) halal? Not Halal. Based on AAOIFI screening, Cuprina Holdings (Cayman) Limited Class A Ordinary Shares passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates Cuprina Holdings (Cayman) Limited Class A Ordinary Shares (CUPR) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 8, 2026. Source: https://halalscreener.app/en/stock/CUPR

Business activity

What the company sells is permissible.

Passed

Company debt

Well clear of the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

7.1% of 30.0% limit
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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding CUPR

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

Cuprina Holdings (Cayman) Limited Class A Ordinary Shares

CUPR: Is Cuprina Holdings (Cayman) Limited Class A Ordinary Shares Halal?

Cuprina Holdings (Cayman) Limited Class A Ordinary Shares

NASDAQHealthcareSG

$1.69

Market Cap: 4.5M

Screened on a market cap of 6.8M

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About Cuprina Holdings (Cayman) Limited Class A Ordinary Shares

Cuprina Holdings (Cayman) Limited is a Singaporean biotechnology and biomedical enterprise, primarily dedicated to pioneering and bringing to market advanced solutions for the management of persistent wounds. The company produces and supplies its flagship MEDIFLY brand, which features medical-grade sterile blowfly larvae bio-dressing products designed to function as an effective biological debridement tool for chronic wounds. Beyond its core wound care business, Cuprina also extends its operations into the broader health and beauty market, where it provides a range of cosmeceutical items.

Sector: Healthcare · Industry: Medical - Instruments & Supplies

Why this does not pass

  • Interest-bearing deposits are over the 30% limit.
  • Income from prohibited sources is over the 5% limit.

Screened under AAOIFI Standard 21. The exact figure behind this is part of Pro; the failing check and its limit are always free.

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 8, 2026

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Screened according to AAOIFI Standard 21

Compliance History

Not Halal, unchanged since Aug 2026.

No status changes recorded since we began tracking.

Tracked since Aug 2026. Updates automatically on each re-screen.

Fiscal: FY 2025Data source: FMP
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Frequently Asked Questions

Is Cuprina Holdings (Cayman) Limited Class A Ordinary Shares (CUPR) halal to invest in?
Cuprina Holdings (Cayman) Limited Class A Ordinary Shares (CUPR) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.
Why did Cuprina Holdings (Cayman) Limited Class A Ordinary Shares get a F compliance rating?
Cuprina Holdings (Cayman) Limited Class A Ordinary Shares (CUPR) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 7.1% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Cuprina Holdings (Cayman) Limited Class A Ordinary Shares's Shariah verdict?
Cuprina Holdings (Cayman) Limited Class A Ordinary Shares's verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.
How often is Cuprina Holdings (Cayman) Limited Class A Ordinary Shares re-screened for Shariah compliance?
Cuprina Holdings (Cayman) Limited Class A Ordinary Shares (CUPR) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Oct 8, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.