Guardforce AI Co., Limited

GFAI: Is Guardforce AI Co., Limited Halal?

Guardforce AI Co., Limited

NASDAQIndustrialsSG

$0.41

+3.70%

Market Cap: 9.0M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is Guardforce AI Co., Limited (GFAI) halal? Not Halal. Based on AAOIFI screening, Guardforce AI Co., Limited passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Business activity

What the company sells is permissible.

Passed

Company debt

Over the limit

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

46.8% of 30.0% limit

What this means for you

Most scholars advise not holding GFAI

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Guardforce AI Co., Limited

Based in Singapore and incorporated in 2018, Guardforce AI Co., Limited specializes in providing comprehensive cash management and secure currency handling services across Thailand. Their extensive portfolio encompasses secure cash transportation, oversight of automated teller machines (ATMs), and the operation of dedicated centers for processing cash and cheques. Additionally, they offer tailored solutions for cash deposit machines, covering both their management and expedited cash services. A diverse clientele benefits from their offerings, including domestic commercial banks, major retail chains, coin manufacturers, and various governmental bodies.

Sector: Industrials · Industry: Security & Protection Services

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 26, 2026

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 Guardforce AI Co., Limited (GFAI) halal to invest in?
Guardforce AI Co., Limited (GFAI) 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 Guardforce AI Co., Limited get a F compliance rating?
Guardforce AI Co., Limited (GFAI) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 46.8% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Guardforce AI Co., Limited's Shariah verdict?
Guardforce AI Co., Limited'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 Guardforce AI Co., Limited re-screened for Shariah compliance?
Guardforce AI Co., Limited (GFAI) 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: Aug 26, 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.