Onfolio Holdings Inc. (ONFO) - Halal (Shariah-Compliant)
Onfolio Holdings Inc. (ONFO) is classified as Halal (Shariah-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
- Communication Services
- Industry
- Internet Content & Information
- Result
- Pass
- Reason
- The sector "Communication Services" and industry "Internet Content & Information" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 2.8% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 0.3% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 0.0% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 0.00%.No non-permissible income detected in the financial statements. No purification is required based on available data.
About Onfolio Holdings Inc.
Onfolio Holdings, Inc. acquires and develops internet businesses. The company operates through two segments, Business to Business (B2B) and Business to Consumers (B2C). It provides website management, digital services, advertising, and content placement on its websites; and product and digital product sales on various sites, as well as marketing services. Onfolio Holdings, Inc. was founded in 2019 and is based in Wilmington, Delaware.
Frequently Asked Questions
Is Onfolio Holdings Inc. (ONFO) stock halal to invest in?
According to AAOIFI Shariah screening standards, Onfolio Holdings Inc. (ONFO) is currently classified as Halal (Shariah-Compliant). This is based on both business activity and financial ratio screening.
Does Onfolio Holdings Inc. have any interest income?
Onfolio Holdings Inc.'s interest income ratio is 0.3% of total revenue. AAOIFI standards require this to be below 30%.
What guidelines are used to determine if ONFO stock is Shariah-compliant?
ONFO 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.

