Is COE halal?
51Talk Online Education Group
Not halal
51Talk Online Education Group did not pass AAOIFI screening. The failed check is shown below.
Checked: 15 October 2026
Exchange
AMEX
Price
11.34
Day
-3.08%
Market cap
$70.5M
Industry
Education & Training Services
Sector
Consumer Defensive
What the company does
51Talk offers online one-on-one English lessons with Filipino teachers, having exited China to serve children in Southeast Asia and the Middle East. Its money comes from lesson packages.
What was checked
The AAOIFI standard has four steps: business activity first, then three financial ratios. Fail one and the stock is not halal.
Business activity
No prohibited activity
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $2.54M ÷ current market cap $70.53M = 3.6%
3.6%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $40.07M ÷ current market cap $70.53M = 56.8%
56.8%
Fail
Non-compliant income / total revenue
limit 5%
Interest income $358K ÷ annual revenue $95.60M (2025) = 0.4%
0.4%
Pass
Figures from the company's filings (2026-06-30), USD. Market cap is a 36-month average (the S&P Shariah index approach), so a one-day price move does not flip the verdict.
For information (AAOIFI 3/1 note): cash + receivables are 60.6% of total assets (2025-12-31). AAOIFI recommends tangible assets of at least one third — this figure does not affect the verdict, and other major screeners do not apply it either.
In the lists
- In the S&P 500
- Not in the S&P 500
- Held by funds
- Not held by any tracked fund
Halal stocks in the same industry
The largest halal stocks in Education & Training Services — for comparison.
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Halal is the first question. The second: when to enter?
Our scanner watches 1454 halal stocks around the clock and fires a signal with entry, TP and SL when a technical setup completes. The full signal history — with outcomes — is public.
This is neither investment advice nor a fatwa. Screening is based on public financial statements and AAOIFI standard No. 21; data may lag. For a personal decision consult your own scholar.