Is HCHL halal?
Happy City Holdings Limited
Halal
Happy City Holdings Limited passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.
Checked: 14 October 2026
Exchange
NASDAQ
Price
3.96
Day
+0.00%
Market cap
$118.2M
Industry
Restaurants
Sector
Consumer Cyclical
What the company does
Happy City Holdings runs Thai- and Japanese-style hotpot restaurants in Hong Kong. Its money comes from food sales in its restaurants.
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 $3.16M ÷ 36-month average market cap (estimated) $92.40M = 3.4%
3.4%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $3.69M ÷ 36-month average market cap (estimated) $92.40M = 4.0%
4.0%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $18K ÷ annual revenue $6.80M (2025) = 0.3%
0.3%
Pass
Figures from the company's filings (2025-08-31), 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: $118.18M.
For information (AAOIFI 3/1 note): cash + receivables are 46.6% of total assets (2025-08-31). 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
- Among halal stocks
- 0.00% · #1174 of 1454
- Held by funds
- Not held by any tracked fund
Manually reviewed — clean
The industry was flagged as sensitive, so the company's filings were checked by hand on 15 August 2026. Conclusion:
Happy City Holdings — Tailand/Yaponcha hotpot restoranlari (Gonkong). Restoran presedenti — alkogol <5% deb hisoblanadi
Halal stocks in the same industry
The largest halal stocks in Restaurants — 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.