What is Society Pass Incorporated's Shariah compliance score?

Society Pass Incorporated's (SOPA) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Society Pass Incorporated pass AAOIFI screening?

Society Pass Incorporated (SOPA) does not pass 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% (SOPA: 362.7%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Society Pass Incorporated stock?

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 exact percentage and amount for Society Pass Incorporated (SOPA) using the latest financial data.

Where can I screen Society Pass Incorporated for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Society Pass Incorporated (SOPA) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about SOPA's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

SOPA: Is Society Pass Incorporated Halal?

Society Pass Incorporated

NASDAQTechnologySG

$0.04

-21.90%

Market Cap: 238.9K

Compliance Status

Not Halal

Screened on Aug 12, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Society Pass Incorporated (SOPA) halal? Not Halal. Based on AAOIFI screening, Society Pass Incorporated passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

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%.

362.7% of 30.0% limit

What this means for you

Most scholars advise not holding SOPA

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Society Pass Incorporated

Society Pass Incorporated specializes in acquiring and operating various digital commerce platforms designed to connect consumers and businesses throughout Southeast Asia. The company's activities are categorized into two main divisions: E-Commerce and Merchant Point-of-Sale (POS) services. Its extensive range of online interfaces features lifestyle applications like the Leflair App and its corresponding website, food and beverage (F&B) delivery services such as the Pushkart and Handycart apps and websites, and dedicated merchant software solutions including the #HOTTAB Biz App, #HOTTAB POS App, and Hottab.net. Furthermore, Society Pass offers loyalty-focused platforms, exemplified by the Society Pass App and SoPa.asia website. The core of its business model involves utilizing a data-driven, loyalty-centric e-commerce marketing approach to seamlessly link consumers with merchants, particularly within the F&B and lifestyle industries. Established in 2018, the company was initially known as Food Society, Inc. before officially rebranding to Society Pass Incorporated in October of that year. Society Pass Incorporated maintains its primary corporate offices in Singapore.

Sector: Technology · Industry: Software - Application

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 12, 2026

Compliance History

Not Halal, unchanged since Aug 2026.

No status changes recorded since we began tracking.

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

Fiscal: FY 2024Data source: FMP

Halal Alternatives in Technology

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

UIA+

Ubiquiti Inc.

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0005.KLA+

UCrest Bhd

$0.07

+0.08%

0008.KLA+

Willowglen MSC Bhd

$0.30

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0010.KLA+

IRIS Corporation Bhd

$0.23

-0.02%

0023.KLA+

IFCA MSC Bhd

$0.24

+0.02%

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Apple Inc.

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CRM

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Adobe Inc.

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Frequently Asked Questions

Is Society Pass Incorporated (SOPA) halal to invest in?

Society Pass Incorporated (SOPA) 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 Society Pass Incorporated get a F compliance rating?

Society Pass Incorporated (SOPA) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 362.7% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Society Pass Incorporated's Shariah verdict?

Society Pass Incorporated'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 Society Pass Incorporated re-screened for Shariah compliance?

Society Pass Incorporated (SOPA) 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 12, 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.