Compliance Status
Not Halal
Screened on Oct 9, 2026 · AAOIFI Standard 21
Non-Compliant
Is Heritage Global Inc. (HGBL) halal? Not Halal. Based on AAOIFI screening, Heritage Global Inc. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).
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HalalScreener rates Heritage Global Inc. (HGBL) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 9, 2026. Source: https://halalscreener.app/en/stock/HGBL
Business activity
What the company sells is permissible.
Company debt
Well clear of the limitHow much the company borrows, compared to its total value. AAOIFI allows up to 30%.
The verdict above is final and free.
Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.
Screened according to AAOIFI Standard 21
What this means for you
Most scholars advise not holding HGBL
It does not pass AAOIFI Shariah screening.
See halal alternatives from the same sector further down this page
HGBL: Is Heritage Global Inc. Halal?
Heritage Global Inc.
$1.25
Market Cap: 43.4M
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About Heritage Global Inc.
Heritage Global Inc., through its various subsidiary companies, operates as a specialized asset services firm, primarily concentrating on transactions involving both financial and industrial assets. The company offers a diverse array of services, including market facilitation, the acquisition and divestiture of assets, professional valuations, and asset-backed lending. Its fundamental approach involves identifying, assessing the worth of, acquiring, and ultimately monetizing a broad spectrum of tangible and intangible assets. Serving both as a strategic consultant and as a direct principal, Heritage Global Inc. actively acquires or brokers deals for a variety of assets such as manufacturing plants, surplus industrial equipment, commercial inventories, portfolios of accounts receivable, intellectual property, and entire business operations. The firm was established in 1983 and its corporate headquarters are located in San Diego, California. It formerly conducted business as Counsel RB Capital Inc. until officially rebranding as Heritage Global Inc. in August 2013.
Sector: Financial Services · Industry: Financial - Capital Markets
Why this does not pass
- Interest-bearing deposits were over the 30% limit and have not yet cleared it by our clearing margin, so the verdict is held.
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
See which ratio caused the failure.
See the exact debt ratio, interest income %, and prohibited revenue that caused the failure. Know before you sell or hold.
AI Compliance Insight
PROInstitutional-grade Shariah analysis
See why HGBL is rated Not Halal with institutional-grade analysis
The verdict above is final and free.
Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.
Screened according to AAOIFI Standard 21
Compliance History
Not Halalnow
since Oct 2026
Doubtful
until the change above
Not Halal
until the change above
Tracked since Aug 2026. Updates automatically on each re-screen.
Halal Alternatives in Financial Services
This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:
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Frequently Asked Questions
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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.