What is Haymaker Acquisition Corp. III's Shariah compliance score?

Haymaker Acquisition Corp. III's (HYAC) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Haymaker Acquisition Corp. III pass AAOIFI screening?

Haymaker Acquisition Corp. III (HYAC) 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% (HYAC: 2.9%), (3) interest-bearing deposits below 30% (HYAC: 7.7%), and (4) prohibited income below 5% (HYAC: 5.4%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Haymaker Acquisition Corp. III stock?

Haymaker Acquisition Corp. III (HYAC) has a non-permissible income ratio of 5.39%. Muslim investors should purify this percentage of any dividends received and capital gains realized from HYAC 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 Haymaker Acquisition Corp. III for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Haymaker Acquisition Corp. III (HYAC) 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 HYAC's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

HYAC: Is Haymaker Acquisition Corp. III Halal?

Haymaker Acquisition Corp. III

NYSEFinancial ServicesUS

$10.75

+2.28%

Market Cap: 313.6M

Compliance Status

Not Halal

Screened on Jul 18, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Haymaker Acquisition Corp. III (HYAC) halal? Not Halal. Based on AAOIFI screening, Haymaker Acquisition Corp. III 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%.

2.9% of 30.0% limit

What this means for you

Most scholars advise not holding HYAC

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Haymaker Acquisition Corp. III

Haymaker Acquisition Corp. III is presently without substantial commercial operations. Established in 2020, this New York-based entity's primary objective is to acquire and manage a business operating in the consumer or consumer-related products and services industries.

Sector: Financial Services · Industry: Shell Companies

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 18, 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 2025Data source: FMP

Halal Alternatives in Financial Services

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

GLDA+

SPDR Gold Shares

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SLVA+

iShares Silver Trust

$50.78

+0.47%

PSLVA+

Sprott Physical Silver Trust

$21.30

+6.23%

PHYSA+

Sprott Physical Gold Trust

$31.75

+0.19%

ABA+

AllianceBernstein Holding L.P.

$36.03

-1.13%

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A+

PYPL

PayPal Holdings, Inc.

C+

BAC

Bank of America Corporation

WFC

Wells Fargo & Company

Free · No credit card required

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Frequently Asked Questions

Is Haymaker Acquisition Corp. III (HYAC) halal to invest in?

Haymaker Acquisition Corp. III (HYAC) 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 Haymaker Acquisition Corp. III get a F compliance rating?

Haymaker Acquisition Corp. III (HYAC) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 2.9% (limit 30%); interest-bearing deposits of 7.7% (limit 30%); prohibited income of 5.39% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Haymaker Acquisition Corp. III's Shariah verdict?

Haymaker Acquisition Corp. III'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 Haymaker Acquisition Corp. III re-screened for Shariah compliance?

Haymaker Acquisition Corp. III (HYAC) 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 18, 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.