Is SVIA halal?
Silvia, Inc.
Doubtful
No clear verdict is possible for Silvia, Inc. — data is insufficient or the case is contested in fiqh. As a precaution it is NOT included in the halal list.
Checked: 15 October 2026
Exchange
NASDAQ
Price
3.66
Day
-5.91%
Market cap
$308.8M
Industry
Capital Markets
Sector
Financial Services
What the company does
Silvia (formerly ProCap Financial, led by Anthony Pompliano) runs an AI-agent platform for finance (asset tracking and research for investors) and holds a large bitcoin treasury (~5,100 BTC). The share value is driven mainly by the bitcoin holdings; software revenue is still small. Trades as SVIA since September 2026.
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
Activity needs clarification: Capital Markets
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $92.28M ÷ 36-month average market cap $391.89M = 23.6%
23.6%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $15.34M ÷ 36-month average market cap $391.89M = 3.9%
3.9%
Pass
Non-compliant income / total revenue
limit 5%
—
No data
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. Today's market cap: $308.77M.
For information (AAOIFI 3/1 note): cash + receivables are 7.0% 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
- Held by funds
- Not held by any tracked fund
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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 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.
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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.