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

SKYX Platforms Corp. (SKYX) has a Shariah compliance score of 68/100 (Grade: B, Acceptable). AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%.

Does SKYX Platforms Corp. pass AAOIFI screening?

SKYX Platforms Corp. (SKYX) passes AAOIFI Shariah screening. AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. SKYX's debt-to-market-cap is 11.5%.

How much purification is needed for SKYX Platforms Corp.?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the percentage and amount for SKYX Platforms Corp. (SKYX) 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 8,200+ securities. US-listed stocks and ETFs are screened under AAOIFI Standard No. 21. Bursa Malaysia securities carry the Securities Commission Malaysia's official status. Coins are screened separately, under published scholarly opinion. The verdict is free, with no credit card or signup required for basic screening. The compliance grade, score, and debt ratio are free too; the full ratio breakdown is part of Pro.

SKYXHalalB

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Compliance Status

Halal

Screened on Oct 13, 2026 · AAOIFI Standard 21

Acceptable

68Score

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 68/100 (Grade: B).

Quote this verdict

HalalScreener rates SKYX Platforms Corp. (SKYX) Halal, 68/100, grade B under AAOIFI Standard 21, screened Oct 13, 2026. Source: https://halalscreener.app/en/stock/SKYX

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%.

11.5% of 30.0% limit

PRO DETAIL

The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

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Screened according to AAOIFI Standard 21

What this means for you

You can own SKYX

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

Purification amount is Pro

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

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SKYX: Is SKYX Platforms Corp. Halal?

SKYX Platforms Corp.

NASDAQIndustrialsUS

$0.96

Market Cap: 130.0M

Screened on a market cap of 151.3M

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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 Oct 13, 2026

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AI Compliance Insight

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Institutional-grade Shariah analysis

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The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

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Screened according to AAOIFI Standard 21

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: Q2 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 B (Acceptable). 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 B compliance rating?

SKYX Platforms Corp. (SKYX) received a grade of B (Acceptable) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 11.5% (limit 30%). 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: Oct 13, 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.