SkyAI, Inc.

SKYA: Is SkyAI, Inc. Halal?

SkyAI, Inc.

NASDAQTechnologyUS

$1.33

-0.75%

Market Cap: 56.3M

Compliance Status

Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

B+

Good

78Score

Is SkyAI, Inc. (SKYA) halal? Halal. Based on AAOIFI screening, SkyAI, Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 78/100 (Grade: B+).

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%.

5.5% of 30.0% limit

What this means for you

You can own SKYA

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

Purification amount is Pro

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

About SkyAI, Inc.

SkyAI, Inc. specializes in crafting an intelligent financial platform that also features comprehensive financial literacy education. This innovative system utilizes a combination of stablecoin infrastructure and artificial intelligence to offer vital financial access, educational content, and actionable insights, primarily targeting underserved communities in Asia, Latin America, and Africa. The company was founded in 2017 and was originally known as Sharps Technology, Inc., before officially adopting the name SkyAI, Inc. in May 2026. Its corporate headquarters are located in Melville, New York.

Sector: Technology · Industry: Software - Infrastructure

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: Q2 2026Data source: EDGAR
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Frequently Asked Questions

Is SkyAI, Inc. (SKYA) halal to invest in?
Based on AAOIFI Standard 21 screening, SkyAI, Inc. (SKYA) is rated Halal with a compliance grade of B+ (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 SkyAI, Inc. get a B+ compliance rating?
SkyAI, Inc. (SKYA) received a grade of B+ (Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 5.5% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change SkyAI, Inc.'s Shariah verdict?
SkyAI, Inc.'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 SkyAI, Inc. re-screened for Shariah compliance?
SkyAI, Inc. (SKYA) 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.