XCF Global, Inc. Class A Common Stock

SAFX: Is XCF Global, Inc. Class A Common Stock Halal?

XCF Global, Inc. Class A Common Stock

NASDAQEnergyUS

$0.35

-3.44%

Market Cap: 128.6M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is XCF Global, Inc. Class A Common Stock (SAFX) halal? Not Halal. Based on AAOIFI screening, XCF Global, Inc. Class A Common Stock 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%.

95.9% of 30.0% limit

What this means for you

Most scholars advise not holding SAFX

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About XCF Global, Inc. Class A Common Stock

XCF Global, Inc. stands as a prominent entity within the sustainable aviation fuel (SAF) industry, singularly focused on accelerating the aviation sector's pivot to zero net emissions. The company designs and manages advanced facilities for producing clean SAF, ensuring high standards of regulatory adherence, operational reliability, and product quality. To foster the worldwide adoption of SAF, XCF is actively cultivating collaborations across the energy and transportation fields. A key achievement is their New Rise Reno plant, which initiated commercial output in February 2025, capable of supplying 38 million gallons of pure SAF annually. Building on this, XCF is also expanding its manufacturing presence with new sites under development in Nevada, North Carolina, and Florida.

Sector: Energy · Industry: Oil & Gas Refining & Marketing

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: Q2 2026Data source: EDGAR

Halal Alternatives in Energy

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

Is XCF Global, Inc. Class A Common Stock (SAFX) halal to invest in?
XCF Global, Inc. Class A Common Stock (SAFX) 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 XCF Global, Inc. Class A Common Stock get a F compliance rating?
XCF Global, Inc. Class A Common Stock (SAFX) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 95.9% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change XCF Global, Inc. Class A Common Stock's Shariah verdict?
XCF Global, Inc. Class A Common Stock'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 XCF Global, Inc. Class A Common Stock re-screened for Shariah compliance?
XCF Global, Inc. Class A Common Stock (SAFX) 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.