Does Smart Logistics Global Limited Ordinary Shares pass AAOIFI screening?

Smart Logistics Global Limited Ordinary Shares (SLGB) does not pass 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%. SLGB's debt-to-market-cap is 35.3%.

How much purification is needed for Smart Logistics Global Limited Ordinary Shares?

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 Smart Logistics Global Limited Ordinary Shares (SLGB) using the latest financial data.

Where can I screen Smart Logistics Global Limited Ordinary Shares for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Smart Logistics Global Limited Ordinary Shares (SLGB) 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.

SLGBNot HalalF

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SLGB: Is Smart Logistics Global Limited Ordinary Shares Halal?

Smart Logistics Global Limited Ordinary Shares

NASDAQIndustrialsHK

$0.30

Market Cap: 12.9M

Screened on a market cap of 14.2M

Compliance Status

Not Halal

Screened on Sep 25, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Smart Logistics Global Limited Ordinary Shares (SLGB) halal? Not Halal. Based on AAOIFI screening, Smart Logistics Global Limited Ordinary Shares passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates Smart Logistics Global Limited Ordinary Shares (SLGB) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Sep 25, 2026. Source: https://halalscreener.app/en/stock/SLGB

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Over the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

35.3% 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.

Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding SLGB

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

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About Smart Logistics Global Limited Ordinary Shares

Smart Logistics Global Limited, operating alongside its various subsidiaries, delivers tailored business-to-business (B2B) logistics solutions across the People's Republic of China. Their core specialization involves the long-haul transportation of industrial raw materials. In addition to these services, the company also provides ground transportation, offers vehicle repair and maintenance, and sells essential automotive components like tires and spare parts. Its clientele spans a diverse range of sectors, including paper manufacturing, steel production, coal mining, and food processing, among others. Founded in 2017, the company maintains its headquarters in Pok Fu Lam, Hong Kong. Smart Logistics Global Limited functions as a subsidiary of ASL Ventures Limited.

Sector: Industrials · Industry: Integrated Freight & Logistics

Why this does not pass

Interest-bearing debt is 35.3% of market cap, over the 30% AAOIFI limit.

Screened under AAOIFI Standard 21. The exact figure behind this is part of Pro; the failing check and its limit are always free.

Shariah Compliance Status

AAOIFI Standard 21Updated Sep 25, 2026

See which ratio caused the failure.

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Institutional-grade Shariah analysis

See why SLGB is rated Not Halal with institutional-grade analysis

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.

Screened according to AAOIFI Standard 21

Compliance History

Not Halalnow
since Sep 2026
Doubtful
until the change above
Halal
until the change above

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

Fiscal: FY 2025Data source: FMP

Halal Alternatives in Industrials

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

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Frequently Asked Questions

Is Smart Logistics Global Limited Ordinary Shares (SLGB) halal to invest in?

Smart Logistics Global Limited Ordinary Shares (SLGB) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.

Why did Smart Logistics Global Limited Ordinary Shares get a F compliance rating?

Smart Logistics Global Limited Ordinary Shares (SLGB) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 35.3% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Smart Logistics Global Limited Ordinary Shares's Shariah verdict?

Smart Logistics Global Limited Ordinary Shares'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 Smart Logistics Global Limited Ordinary Shares re-screened for Shariah compliance?

Smart Logistics Global Limited Ordinary Shares (SLGB) 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: Sep 25, 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.