Is ZSQR halal?
Z Squared Inc.
Doubtful
No clear verdict is possible for Z Squared 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
4.035
Day
-5.72%
Market cap
$215.2M
Industry
Software - Infrastructure
Sector
Technology
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:
Doubtful: crypto — DOGE/LTC mining (ZeroSquare); scholarly disagreement + share/interest nature unclear
What the company does
Z Squared (formerly Coeptis, 2026) operates Dogecoin/Litecoin mining sites (North/South Carolina, Iowa) and is converting capacity to AI colocation. Its money comes from crypto mining and hosting rent (the crypto nature is considered by the screener).
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
Doubtful: crypto — DOGE/LTC mining (ZeroSquare); scholarly disagreement + share/interest nature unclear
Interest-bearing debt / market cap
limit 30%
0.1%
Pass
Cash & investments / market cap
limit 30%
7.2%
Pass
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
Halal stocks in the same industry
The largest halal stocks in Software - Infrastructure — for comparison.
Related articles
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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.
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.