Is OFAL halal?
OFA Group
Halal
OFA Group passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.
Checked: 16 October 2026
Exchange
NASDAQ
Price
0.3588
Day
-3.31%
Market cap
$2.4M
Industry
Engineering & Construction
Sector
Industrials
What the company does
OFA Group (Hong Kong, IPO 2025) provides architectural design and fit-out services plus the QikBIM AI building-modeling platform, with plans to add digital assets to real-estate transactions. Its money comes from design and fit-out fees.
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 $470K ÷ current market cap $2.40M = 19.6%
19.6%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $178K ÷ current market cap $2.40M = 7.4%
7.4%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $464 ÷ annual revenue $717K (2026) = 0.1%
0.1%
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 1.0% 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
- Among halal stocks
- 0.00% · #1451 of 1454
- Held by funds
- Not held by any tracked fund
Halal stocks in the same industry
The largest halal stocks in Engineering & Construction — 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.