Is SNAL halal?
Snail, Inc.
Not halal
Snail, Inc. did not pass AAOIFI screening. The failed check is shown below.
Checked: 13 October 2026
Exchange
NASDAQ
Price
2.07
Day
+2.99%
Market cap
$19.7M
Industry
Electronic Gaming & Multimedia
Sector
Communication Services
What the company does
Snail Inc is a video-game publisher; about 90% of its money comes from sales and add-ons of ARK: Survival Evolved/Ascended (a dinosaur-island survival game). The SaltyTV short-drama app and other games are a small share.
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 $8.07M ÷ current market cap $19.70M = 41.0%
41.0%
Fail
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $13.29M ÷ current market cap $19.70M = 67.5%
67.5%
Fail
Non-compliant income / total revenue
limit 5%
Interest income $1.35M ÷ annual revenue $81.23M (2025) = 1.7%
1.7%
Pass
Figures from the company's filings (2026-06-30), 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 40.2% of total assets (2026-06-30). 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
- Held by funds
- Not held by any tracked fund
Manually reviewed — clean
The industry was flagged as sensitive, so the company's filings were checked by hand on 16 September 2026. Conclusion:
Snail Inc — ARK: Survival Evolved/Ascended nashriyoti (daromadning 89.4%i, $81.2M; PC 50%, konsol 38%, mobil 10%). 10-K da loot box/gacha/qimor/kazino/alkogol NOL, ESRB 'Mature' yo'q. Kichik yo'nalishlar (10.6%): Bellwright, PixARK, NOIZ influencer platformasi, SaltyTV qisqa dramalar (300+ epizod) — kino qoidasi asosiy biznesga tegishli, bu yerda mayda. ⚠️ QAYTA KO'RILSIN: 2025-12 da $USDO STABLECOIN e'lon qilindi ('bozorga chiqishga tayyorlanmoqda', 2026-Q2), hozircha daromadsiz va 'exploratory'. Agar ishga tushsa — stablecoin emitenti daromadi odatda ZAXIRA FOIZIDAN (T-bill) bo'ladi, ya'ni riba; o'shanda JZXN/SRXH naqshi bo'yicha DOUBTFUL ga o'tkazish kerak. GIBO bilan bir xil 'kuzatuv' xulosasi
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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.