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AAOIFI No. 21 screening

Is FIEE halal?

FiEE, Inc

Not halal

FiEE, Inc did not pass AAOIFI screening. The failed check is shown below.

Checked: 13 October 2026

Exchange

NASDAQ

Price

3.55

Day

-3.27%

Market cap

$30.7M

Industry

Communication Equipment

Sector

Technology

What the company does

FiEE (Hong Kong; formerly Minim) offers digital content-management and authentication services for creators and businesses (blockchain certificates, AI image recognition). Revenue is subscription plans; very small.

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 $0 ÷ 36-month average market cap $17.65M = 0.0%

    0.0%

    Pass

  • Cash & investments / market cap

    limit 30%

    Cash + interest-bearing securities $5.44M ÷ 36-month average market cap $17.65M = 30.8%

    30.8%

    Fail

  • Non-compliant income / total revenue

    limit 5%

    Interest income $82 ÷ annual revenue $640K (2024) = 0.0%

    0.0%

    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. Today's market cap: $30.70M.

For information (AAOIFI 3/1 note): cash + receivables are 70.1% of total assets (2026-06-30). 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

Halal stocks in the same industry

The largest halal stocks in Communication Equipment — for comparison.

Related articles

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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.