Is PURR halal?
Hyperliquid Strategies Inc
Doubtful
No clear verdict is possible for Hyperliquid Strategies Inc — data is insufficient or the case is contested in fiqh. As a precaution it is NOT included in the halal list.
Checked: 14 October 2026
Exchange
NASDAQ
Price
9.07
Day
-7.45%
Market cap
$2.75B
Industry
Capital Markets
Sector
Financial Services
Manually identified reason
Automatic screening reads the industry label, not what's inside. This company's filings were checked by hand and a hidden prohibited activity was found:
Doubtful: crypto — HYPE token treasury (Hyperliquid Strategies); scholarly disagreement + share/interest nature unclear
What the company does
Hyperliquid Strategies (founded 2025) is a digital-asset treasury company that accumulates and manages the HYPE token of the Hyperliquid blockchain (5 employees). The stock tracks the HYPE price (checked by the screener).
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
Doubtful: crypto — HYPE token treasury (Hyperliquid Strategies); scholarly disagreement + share/interest nature unclear
Interest-bearing debt / market cap
limit 30%
0.0%
Pass
Cash & investments / market cap
limit 30%
74.3%
Fail
Non-compliant income / total revenue
limit 5%
28.6%
Fail
In the lists
- In the S&P 500
- Not in the S&P 500
- Held by funds
- Not held by any tracked fund
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 1 superinvestors · Average reported price: $7.87
- Polen Capital Management$2.7M0.0%
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- 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?
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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.