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AAOIFI No. 21 screening

Is RECT halal?

Rectitude Holdings Ltd

Halal

Rectitude Holdings 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

1.27

Day

+4.89%

Market cap

$18.7M

Industry

Specialty Retail

Sector

Consumer Cyclical

What the company does

Rectitude Holdings (Singapore) sells workplace-safety equipment: protective clothing, gloves, footwear and fire extinguishers, to construction and industrial companies.

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 $7.15M ÷ 36-month average market cap $49.60M = 14.4%

    14.4%

    Pass

  • Cash & investments / market cap

    limit 30%

    Cash + interest-bearing securities $4.72M ÷ 36-month average market cap $49.60M = 9.5%

    9.5%

    Pass

  • Non-compliant income / total revenue

    limit 5%

    Interest income $127K ÷ annual revenue $39.98M (2026) = 0.3%

    0.3%

    Pass

Figures from the company's filings (2026-03-31), 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: $18.75M.

For information (AAOIFI 3/1 note): cash + receivables are 46.4% of total assets (2026-03-31). 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% · #1367 of 1454

Manually reviewed — clean

The industry was flagged as sensitive, so the company's filings were checked by hand on 15 August 2026. Conclusion:

Rectitude Holdings — Singapurda xavfsizlik jihozlari (himoya kiyimi, qo'lqop, yong'in o'chirgich). Biznes toza

Halal stocks in the same industry

The largest halal stocks in Specialty Retail — for comparison.

Related articles

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.