Is HDL halal?
SUPER HI INTERNATIONAL HOLDING
Not halal
SUPER HI INTERNATIONAL HOLDING did not pass AAOIFI screening. The failed check is shown below.
Checked: 13 October 2026
Exchange
NASDAQ
Price
10.22
Day
-7.09%
Market cap
$669.6M
Industry
Restaurants
Sector
Consumer Cyclical
What the company does
Super Hi International operates Haidilao hotpot restaurants outside China (Singapore, Malaysia, the US, Japan and more — 120+ restaurants). 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 $234.38M ÷ current market cap $669.56M = 35.0%
35.0%
Fail
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $266.40M ÷ current market cap $669.56M = 39.8%
39.8%
Fail
Non-compliant income / total revenue
limit 5%
Interest income $7.67M ÷ annual revenue $840.75M (2025) = 0.9%
0.9%
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 39.6% 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
- 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:
Super Hi International (Haidilao xalqaro) — hotpot restoranlari, 100% daromad restorandan (Singapur/Malayziya/Vetnam). Alohida alkogol segmenti oshkor qilinmagan, Malayziya/Singapur bozorida halal-ehtiyotkorlik odatiy
Halal stocks in the same industry
The largest halal stocks in Restaurants — for comparison.
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- Halal investingBlogWhy a company's cash affects whether its stock is halalLots of cash sounds like a good sign — but halal screening checks it separately. What counts, what doesn't, and where we are stricter than AAOIFI.
- Halal investingBlogAAOIFI Shariah Standard No. 21 in plain languageThe most widely used standard for halal stock screening: the two-step test, the three ratios and how it differs from other methods.
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.