Does Springview Holdings Ltd Class A Ordinary Shares pass AAOIFI screening?

Springview Holdings Ltd Class A Ordinary Shares (SPHL) is rated Doubtful under AAOIFI Shariah screening, which is neither a clear pass nor a clear fail. 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%. SPHL's debt-to-market-cap is 28.7%.

How much purification is needed for Springview Holdings Ltd Class A 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 Springview Holdings Ltd Class A Ordinary Shares (SPHL) using the latest financial data.

Where can I screen Springview Holdings Ltd Class A Ordinary Shares for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Springview Holdings Ltd Class A Ordinary Shares (SPHL) 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.

SPHLDoubtfulC

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Compliance Status

Doubtful

Screened on Oct 8, 2026 · AAOIFI Standard 21

Marginal

48Score

Is Springview Holdings Ltd Class A Ordinary Shares (SPHL) halal? Doubtful. Based on AAOIFI screening, Springview Holdings Ltd Class A Ordinary Shares passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 48/100 (Grade: C).

Quote this verdict

HalalScreener rates Springview Holdings Ltd Class A Ordinary Shares (SPHL) Doubtful, 48/100, grade C under AAOIFI Standard 21, screened Oct 8, 2026. Source: https://halalscreener.app/en/stock/SPHL

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Close to the limit

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

28.7% 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 may own SPHL, with caution

Its numbers sit close to AAOIFI limits. Cautious investors may prefer alternatives or ask a scholar first.

Purification amount is Pro

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

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SPHL: Is Springview Holdings Ltd Class A Ordinary Shares Halal?

Springview Holdings Ltd Class A Ordinary Shares

NASDAQConsumer CyclicalSG

$2.31

Market Cap: 5.2M

Screened on a market cap of 6.5M

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About Springview Holdings Ltd Class A Ordinary Shares

Springview Holdings Ltd, primarily operating through its subsidiary, focuses on the design and construction of both residential and commercial structures across Singapore. Its extensive services range from undertaking entirely new developments and significant reconstruction initiatives to executing additions and modifications to existing buildings. Furthermore, the company provides a suite of general contracting solutions, including detailed renovation work, expert design consultation, efficient space planning, bespoke carpentry, and comprehensive project oversight. Springview Holdings Ltd was founded in Singapore in 2002 and functions as a subsidiary of AVANTA (BVI) LIMITED.

Sector: Consumer Cyclical · Industry: Residential Construction

Why This Stock Is Doubtful

Interest-bearing debt is 28.7% of market cap, only 1.3 points below the 30% AAOIFI limit.
Interest-bearing deposits are close to the 30% limit.

Stocks are marked Doubtful when financial ratios pass but approach AAOIFI thresholds. Consider consulting a qualified scholar for a definitive ruling.

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 8, 2026

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Screened according to AAOIFI Standard 21

Compliance History

Doubtfulnow
since Oct 2026
Not Halal
until the change above

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

Fiscal: Q2 2026Data source: FMP

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Frequently Asked Questions

Is Springview Holdings Ltd Class A Ordinary Shares (SPHL) halal to invest in?

Springview Holdings Ltd Class A Ordinary Shares (SPHL) is rated Doubtful under AAOIFI Standard 21. It passes the business activity screen but one or more financial ratios are approaching (though not yet exceeding) the AAOIFI thresholds (30% for debt and interest deposits, 5% for prohibited income). Consult a qualified Islamic finance scholar for a personal ruling.

Why did Springview Holdings Ltd Class A Ordinary Shares get a C compliance rating?

Springview Holdings Ltd Class A Ordinary Shares (SPHL) received a grade of C (Marginal) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 28.7% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Springview Holdings Ltd Class A Ordinary Shares's Shariah verdict?

Springview Holdings Ltd Class A 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 Springview Holdings Ltd Class A Ordinary Shares re-screened for Shariah compliance?

Springview Holdings Ltd Class A Ordinary Shares (SPHL) 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 8, 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.