Strive, Inc. (ASST) is classified as Not Halal (Non-Compliant) according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.
Business Activity Screen
Sector
Financial Services
Industry
Asset Management
Result
Doubtful
Reason
This company requires further review: the industry "Asset Management" has mixed revenue streams that require further analysis. The sector "Financial Services" is not categorically excluded, but deeper analysis is recommended.
Financial Ratios
Debt Ratio
Value: 0.2% | Threshold: 30% | Result: Pass
Cash & Interest-bearing Securities Ratio
Value: 12.6% | Threshold: 30% | Result: Pass
Non-Permissible Income Ratio
Value: 16.8% | Threshold: 5% | Result: Fail
Dividend Purification
Purification percentage: 16.83%.Based on the company's financial statements, approximately 16.83% of dividend income should be donated to charity for purification. This is derived from identified interest income (16.83% of total income). Some scholars may differ on the exact calculation method.
About Strive, Inc.
Strive, Inc. is a privately owned investment manager. It primarily provides its services to investment companies. The firm is a large advisory firm, an investment adviser to an investment company which provides portfolio management for investment companies. The firm invests in exchange traded funds. The firm conducts in-house research to make its investments. Strive, Inc. was founded in 2022 and is based in Dallas, Texas.
Frequently Asked Questions
Is Strive, Inc. (ASST) stock halal to invest in?
According to AAOIFI Shariah screening standards, Strive, Inc. (ASST) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Does Strive, Inc. have any interest income?
Strive, Inc.'s interest income ratio is 12.6% of total revenue. AAOIFI standards require this to be below 30%.
Screened October 20, 2026·Financials: period ended 31 Dec 2024·Balance sheet as of 30 Jun 2026
Business Activity
Warn
Financial ServicesAsset Management
This company requires further review: the industry "Asset Management" has mixed revenue streams that require further analysis. The sector "Financial Services" is not categorically excluded, but deeper analysis is recommended.
Based on the company's financial statements, approximately 16.83% of dividend income should be donated to charity for purification. This is derived from identified interest income (16.83% of total income). Some scholars may differ on the exact calculation method.
Uses quarterly data
About Strive, Inc.
Strive, Inc. is a privately owned investment manager. It primarily provides its services to investment companies. The firm is a large advisory firm, an investment adviser to an investment company which provides portfolio management for investment companies. The firm invests in exchange traded funds. The firm conducts in-house research to make its investments. Strive, Inc. was founded in 2022 and is based in Dallas, Texas.
United StatesNASDAQFinancial Services
Screened using AAOIFI Standard No. 21 on October 20, 2026. Financial ratios compared against market capitalization. Different methodologies may produce different results. Learn how we screen.
Screened using AAOIFI Shariah Standard No. 21 (3 ratios). Debt and interest-bearing deposits must each be under 30% of market capitalization, and non-permissible income under 5% of total income. This screening is for educational purposes only and does not constitute a fatwa or religious ruling. Results are based on publicly available financial data and automated analysis. Users should consult qualified Islamic scholars and financial advisors for personal investment decisions. Financial data may be delayed or incomplete. Past compliance does not guarantee future status.
Verdict history
Free with an account.
Status changed from Questionable to Not Halalon-demand screening
Dates are when Mizaan recorded the change. Tracked and watched stocks are re-checked weekly; other stocks are re-screened on demand.
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Frequently Asked Questions
According to AAOIFI Shariah screening standards, Strive, Inc. (ASST) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Strive, Inc.'s interest income ratio is 12.6% of total revenue. AAOIFI standards require this to be below 30%.
ASST is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.
Strive, Inc.'s compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.
You can save ASST to your Mizaan portfolio to track its compliance status over time. Mizaan will update the screening whenever new financial data is available, so you always have the latest result.
Dividends from Strive, Inc. require purification. Approximately 16.83% of dividend income should be donated to charity to cleanse earnings from non-permissible sources such as interest income.
Yes, Zakat is generally due on stock holdings. The calculation depends on your school of thought (madhab) and whether you hold shares for trading or long-term investment. Use Mizaan's Zakat calculator to compute your obligation based on your specific madhab and holding intent.
What guidelines are used to determine if ASST stock is Shariah-compliant?
ASST is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.
How often is Strive, Inc. stock reviewed for Shariah compliance?
Strive, Inc.'s compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.
How can I stay updated on Strive, Inc.'s compliance status?
You can save ASST to your Mizaan portfolio to track its compliance status over time. Mizaan will update the screening whenever new financial data is available, so you always have the latest result.
Are dividends from Strive, Inc. stock considered halal?
Dividends from Strive, Inc. require purification. Approximately 16.83% of dividend income should be donated to charity to cleanse earnings from non-permissible sources such as interest income.
Do I need to pay Zakat on my Strive, Inc. shares?
Yes, Zakat is generally due on stock holdings. The calculation depends on your school of thought (madhab) and whether you hold shares for trading or long-term investment. Use Mizaan's Zakat calculator to compute your obligation based on your specific madhab and holding intent.
