Is PDC halal?
Perpetuals.com Ltd
Halal
Perpetuals.com Ltd passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.
Checked: 15 October 2026
Exchange
NASDAQ
Price
3.1
Day
-2.52%
Market cap
$24.7M
Industry
Software - Application
Sector
Technology
What the company does
Perpetuals.com (formerly Earlyworks, Tokyo) runs blockchain- and AI-based digital-asset trading: the Kronos X exchange from Frankfurt (crypto spot, derivatives, tokenized securities). Renamed January 2026; revenue from trading 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 $4.44M ÷ current market cap $24.75M = 18.0%
18.0%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $837K ÷ current market cap $24.75M = 3.4%
3.4%
Pass
Non-compliant income / total revenue
limit 5%
—
No data
Figures from the company's filings (2026-04-30), 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 2.1% of total assets (2026-04-30). 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% · #1351 of 1454
- Held by funds
- Not held by any tracked fund
Halal stocks in the same industry
The largest halal stocks in Software - Application — for comparison.
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- Halal investingBlogWhy does a stock's halal status change?A stock that was halal yesterday can leave the list today. The four main reasons — and why none of them is a bug.
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.