Compliance Status
Not Halal
Screened on Oct 10, 2026 · AAOIFI Standard 21
Non-Compliant
Is Nocera, Inc. (NCRA) halal? Not Halal. Based on AAOIFI screening, Nocera, 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 Nocera, Inc. (NCRA) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 10, 2026. Source: https://halalscreener.app/en/stock/NCRA
Business activity
What the company sells is permissible.
Company debt
Over 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 NCRA
It does not pass AAOIFI Shariah screening.
See halal alternatives from the same sector further down this page

NCRA: Is Nocera, Inc. Halal?
Nocera, Inc.
$1.61
Market Cap: 2.5M
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About Nocera, Inc.
Nocera, Inc., alongside its subsidiary companies, specializes in the engineering and production of terrestrial recirculating aquaculture systems (RAS) for fish cultivation across Taiwan. The firm also undertakes the establishment, oversight, and ongoing operation of diverse aquafarming facilities. Furthermore, Nocera offers expert advisory services, technology knowledge transfer, and comprehensive project management solutions to both emerging and established enterprises within the aquaculture industry. The company was founded in 2014 and maintains its principal offices in New Taipei City, Taiwan.
Sector: Consumer Defensive · Industry: Packaged Foods
Why this does not pass
- Interest-bearing debt is 87.1% of market cap, over the 30% AAOIFI limit.
- Interest-bearing deposits are over the 30% 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
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 NCRA 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 Halal, unchanged since Aug 2026.
No status changes recorded since we began tracking.
Tracked since Aug 2026. Updates automatically on each re-screen.
Halal Alternatives in Consumer Defensive
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.
