Is RYDE halal?
Ryde Group Ltd.
Halal
Ryde Group 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
AMEX
Price
0.6550
Day
-4.75%
Market cap
$124.0M
Industry
Software - Application
Sector
Technology
What the company does
Ryde (Singapore) is a ride-hailing and carpooling app, plus a courier/delivery service. Its money comes from a fee on each ride and delivery.
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 $46K ÷ 36-month average market cap $39.65M = 0.1%
0.1%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $3.90M ÷ 36-month average market cap $39.65M = 9.8%
9.8%
Pass
Non-compliant income / total revenue
limit 5%
—
No data
Figures from the company's filings (2025-12-31), 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: $124.00M.
For information (AAOIFI 3/1 note): cash + receivables are 42.2% of total assets (2025-12-31). 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% · #1171 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.