What is Forge Global Holdings, Inc.'s Shariah compliance score?

Forge Global Holdings, Inc.'s (FRGE) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Forge Global Holdings, Inc. pass AAOIFI screening?

Forge Global Holdings, Inc. (FRGE) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (FRGE: 2.3%), (3) interest-bearing deposits below 30% (FRGE: 17.0%), and (4) prohibited income below 5% (FRGE: 7.2%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Forge Global Holdings, Inc. stock?

Forge Global Holdings, Inc. (FRGE) has a non-permissible income ratio of 7.15%. Muslim investors should purify this percentage of any dividends received and capital gains realized from FRGE shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Forge Global Holdings, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Forge Global Holdings, Inc. (FRGE) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about FRGE's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

FRGE: Is Forge Global Holdings, Inc. Halal?

Forge Global Holdings, Inc.

NYSETechnologyUS

$45.00

+0.42%

Market Cap: 623.0M

Compliance Status

Not Halal

Screened on Jul 14, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Forge Global Holdings, Inc. (FRGE) halal? Not Halal. Based on AAOIFI screening, Forge Global Holdings, Inc. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

AvoidBorderlineClean

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%.

2.3% of 30.0% limit

What this means for you

Most scholars advise not holding FRGE

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Forge Global Holdings, Inc.

Forge Global Holdings, Inc., founded in 2014 and headquartered in San Francisco, California, furnishes critical infrastructure, robust data analytics, and advanced digital platforms for individuals and entities active in the private capital markets. This company's primary role is to empower shareholders of unlisted firms to buy and sell their private company equity with pre-qualified, accredited investors.

Sector: Technology · Industry: Software - Application

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 14, 2026

Compliance History

Not Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

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

Fiscal: FY 2024Data source: FMP

Halal Alternatives in Technology

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

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IRIS Corporation Bhd

$0.22

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IFCA MSC Bhd

$0.21

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Frequently Asked Questions

Is Forge Global Holdings, Inc. (FRGE) halal to invest in?

Forge Global Holdings, Inc. (FRGE) 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 Forge Global Holdings, Inc. get a F compliance rating?

Forge Global Holdings, Inc. (FRGE) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 2.3% (limit 30%); interest-bearing deposits of 17.0% (limit 30%); prohibited income of 7.15% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Forge Global Holdings, Inc.'s Shariah verdict?

Forge Global Holdings, Inc.'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 Forge Global Holdings, Inc. re-screened for Shariah compliance?

Forge Global Holdings, Inc. (FRGE) 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: Jul 14, 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.