What is SKYX Platforms Corp.'s Shariah compliance score?

SKYX Platforms Corp. (SKYX) has a Shariah compliance score of 83/100 (Grade: A, Very Good) based on AAOIFI screening standards. Scores above 70 typically indicate strong compliance. The score factors in business activity screening and financial ratio analysis including debt levels, interest-bearing deposits, and prohibited income percentages. View the full breakdown at HalalScreener.app.

Does SKYX Platforms Corp. pass AAOIFI screening?

SKYX Platforms Corp. (SKYX) passes AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (SKYX: 14.2%), (3) interest-bearing deposits below 30% (SKYX: 5.9%), and (4) prohibited income below 5% (SKYX: 0.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for SKYX Platforms Corp. stock?

SKYX Platforms Corp. (SKYX) has a non-permissible income ratio of 0.00%. Muslim investors should purify this percentage of any dividends received and capital gains realized from SKYX shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen SKYX Platforms Corp. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for SKYX Platforms Corp. (SKYX) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about SKYX's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

SKYX: Is SKYX Platforms Corp. Halal?

SKYX Platforms Corp.

NASDAQIndustrialsUS

$1.04

-3.70%

Market Cap: 113.1M

Compliance Status

Halal

Screened on Jul 15, 2026 · AAOIFI Standard 21

Very Good

83Score

Is SKYX Platforms Corp. (SKYX) halal? Halal. Based on AAOIFI screening, SKYX Platforms Corp. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 83/100 (Grade: A).

AvoidBorderlineClean

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%.

14.2% of 30.0% limit

What this means for you

You can own SKYX

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

No purification owed

Based on the latest screening, none of its income comes from prohibited sources.

About SKYX Platforms Corp.

SKYX Platforms Corp. is dedicated to developing intelligent and secure platform technologies. Their initial product line simplifies the installation of items like light fixtures, ceiling fans, and other electrical devices, enabling them to easily plug into a ceiling's existing electrical outlet box. Furthermore, the company offers a more advanced, second-generation platform designed to significantly improve the safety and enhance the lifestyle experience in both homes and other buildings. SKYX's product offerings include various power-plugs, universal power-plug and receptacle systems, and a range of smart devices. Established in 2004, the company was formerly known as SQL Technologies Corp. before officially changing its name to SKYX Platforms Corp. in June 2022. Its operations are based in Pompano Beach, Florida.

Sector: Industrials · Industry: Electrical Equipment & Parts

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 15, 2026

Compliance History

Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

Tracked since May 2026. Updates automatically on each re-screen.

Fiscal: Q1 2026Data source: EDGAR

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Frequently Asked Questions

Is SKYX Platforms Corp. (SKYX) halal to invest in?

Based on AAOIFI Standard 21 screening, SKYX Platforms Corp. (SKYX) 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 SKYX Platforms Corp. get a A compliance rating?

SKYX Platforms Corp. (SKYX) received a grade of A (Very Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 14.2% (limit 30%); interest-bearing deposits of 5.9% (limit 30%); prohibited income of 0.00% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change SKYX Platforms Corp.'s Shariah verdict?

SKYX Platforms Corp.'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 SKYX Platforms Corp. re-screened for Shariah compliance?

SKYX Platforms Corp. (SKYX) 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: Jul 15, 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.