Scage Future

SCAG: Is Scage Future Halal?

Scage Future

NASDAQConsumer CyclicalCN

$0.29

+6.73%

Market Cap: 21.0M

Compliance Status

Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

A

Very Good

89Score

Is Scage Future (SCAG) halal? Halal. Based on AAOIFI screening, Scage Future passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 89/100 (Grade: A).

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%.

13.8% of 30.0% limit

What this means for you

You can own SCAG

It passes both the business activity and financial ratio screens under AAOIFI Standard 21.

Purification amount is Pro

We have screened SCAG's prohibited income, but the exact share you would need to purify is part of Pro.

About Scage Future

Scage Future, together with its subsidiaries, develops and commercializes heavy-duty new electric vehicle (NEV) trucks and e-fuel solutions in the People’s Republic of China. The company offers Dragon King, a plug-in hybrid dump truck for mining, and other heavy-duty loading and offloading applications; Galaxy II, a plug-in hybrid truck for long-distance road transportation and logistics service applications; Q-truck, an autonomous tractor trailer for smart transportation; Andromeda, an all-electric semi-tractor truck for road and port transportation; Andromeda+, a hydrogen-electric hybrid semi-tractor truck for long-distance road and port transportation; and Sky Turtle, an unmanned plug-in hybrid dump truck for off-road mining. It also provides farm tractors, all-electric port tractors, long-endurance hybrid power tractors, and wide-body and high-power hybrid mining vehicles; vehicle parts and components, including flat wire motors, two-speed gearboxes, motor and integrated vehicle controllers, electric drive axles, P2 hybrid systems, and other components; vehicle modification and warranty services; and after-sales services, including vehicle repair and maintenance. In addition, the company engages in the research and development of new energy technology, electronic devices, and machinery; wholesale and retail of new energy vehicles, production and testing equipment, auto parts, and electronic devices; development of solid oxide electrolyzers and clean energy systems; and vehicle rental activities. Scage Future was founded in 2019 and is headquartered in Nanjing, China.

Sector: Consumer Cyclical · Industry: Auto - Manufacturers

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 26, 2026

Compliance History

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 2024Data source: FMP
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Frequently Asked Questions

Is Scage Future (SCAG) halal to invest in?
Based on AAOIFI Standard 21 screening, Scage Future (SCAG) is rated Halal with a compliance grade of A (Very Good). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).
Why did Scage Future get a A compliance rating?
Scage Future (SCAG) received a grade of A (Very Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 13.8% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Scage Future's Shariah verdict?
Scage Future'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 Scage Future re-screened for Shariah compliance?
Scage Future (SCAG) 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.