Is PAYO halal?
Payoneer Global Inc.
Not halal
Payoneer Global Inc. did not pass AAOIFI screening. The failed check is shown below.
Checked: 12 October 2026
Exchange
NASDAQ
Price
7.12
Day
-0.28%
Market cap
$2.42B
Industry
Software - Infrastructure
Sector
Technology
What the company does
Payoneer is a cross-border payments platform: freelancers and online sellers (via Amazon, Upwork) receive and convert money from abroad. Revenue comes from transfer and FX fees, plus interest on customer balances.
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 $86.16M ÷ 36-month average market cap $2.32B = 3.7%
3.7%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $346.32M ÷ 36-month average market cap $2.32B = 14.9%
14.9%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $231.61M ÷ annual revenue $821.16M (2025) = 28.2%
28.2%
Fail
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: $2.42B.
For information (AAOIFI 3/1 note): cash + receivables are 4.9% 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
Halal stocks in the same industry
The largest halal stocks in Software - Infrastructure — for comparison.
Related articles
- Halal investingBlogHaram revenue you can't see from the industry label: pork, weapons, casinosPork hides under "Packaged Foods", weapons under "Aerospace & Defense". What automated screening misses and how we catch it by hand.
- 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.