Is SIM Acquisition Corp. I (SIMA) halal? Not Halal. Based on AAOIFI screening, SIM Acquisition Corp. I passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).
SIMA โ Is SIM Acquisition Corp. I Halal?
Not HalalSIM Acquisition Corp. I
$10.77
-0.23%
About SIM Acquisition Corp. I
SIM Acquisition Corp. I is a blank check company, which was created for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded on January 29, 2024 and is headquartered in Miami, FL.
Sector: Financial Services ยท Industry: Shell Companies
Shariah Compliance Status
Based on AAOIFI screening standards
Non-Compliant
Fails Shariah screening
Business Activity Screen
PassedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
Financial Ratio Screen
FailedFinancial ratios must be below AAOIFI thresholds
Compliance History
Not Halal โ unchanged since May 2026.
No status changes recorded since we began tracking.
Tracked since May 2026. Updates automatically on each re-screen.
Financial Overview
Market Cap
330.4M
Price
$10.77
Sector
Financial Services
Industry
Shell Companies
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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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.