Is SWVL halal?
Swvl Holdings Corp
Halal
Swvl Holdings Corp 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
3.77
Day
-2.33%
Market cap
$67.1M
Industry
Railroads
Sector
Industrials
What the company does
Swvl (Dubai/Egypt) runs app-based bus and van transit: city routes and corporate/school transport contracts (Egypt, Saudi Arabia, UAE). The Yahoo label ('Railroads') is wrong; its money comes from fares and B2B contracts.
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 $1.93M ÷ 36-month average market cap $53.28M = 3.6%
3.6%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $4.41M ÷ 36-month average market cap $53.28M = 8.3%
8.3%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $228 ÷ annual revenue $24.17M (2025) = 0.0%
0.0%
Pass
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: $67.07M.
For information (AAOIFI 3/1 note): cash + receivables are 65.4% of total assets (2025-06-30). 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
- Among halal stocks
- 0.00% · #1246 of 1454
- Held by funds
- Not held by any tracked fund
Halal stocks in the same industry
The largest halal stocks in Railroads — 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.