Is SDA halal?
SunCar Technology Group Inc.
Not halal
SunCar Technology Group Inc. did not pass AAOIFI screening. The failed check is shown below.
Exchange
NASDAQ
Price
0.3020
Day
-16.11%
Market cap
—
Industry
—
Sector
—
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:
Conventional auto-insurance intermediation (SunCar — 43.4% per 20-F >> 5%)
What the company does
SunCar (China) provides automotive services: online auto-insurance intermediation (about 40% of revenue), auto-service programs (washing, repair) for banks/corporates, and technology services. Its money comes from insurance commissions and service 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
Conventional auto-insurance intermediation (SunCar — 43.4% per 20-F >> 5%)
Interest-bearing debt / market cap
limit 30%
—
No data
Cash & investments / market cap
limit 30%
—
No data
Non-compliant income / total revenue
limit 5%
—
No data
In the lists
- In the S&P 500
- Not in the S&P 500
- Held by funds
- Not held by any tracked fund
Related articles
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- 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.