Is Pagaya Technologies Ltd. (PGY) Stock Halal or Haram?
Pagaya Technologies Ltd. (PGY) - Not Halal (Non-Compliant)
Pagaya Technologies Ltd. (PGY) 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
Technology
Industry
Software - Infrastructure
Result
Pass
Reason
The sector "Technology" and industry "Software - Infrastructure" are not in the excluded categories.
Financial Ratios
Debt Ratio
Value: 52.0% | Threshold: 30% | Result: Fail
Cash & Interest-bearing Securities Ratio
Value: 73.9% | Threshold: 30% | Result: Fail
Non-Permissible Income Ratio
Value: 3.8% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 3.84%.Based on the company's financial statements, approximately 3.84% of dividend income should be donated to charity for purification. This is derived from identified interest income (3.84% of total income). Some scholars may differ on the exact calculation method.
About Pagaya Technologies Ltd.
Pagaya Technologies Ltd., a product-focused technology company, deploys data science and proprietary artificial intelligence-powered technology for financial services, their customers, and institutional or sophisticated investors in the United States, Israel, and the Cayman Islands. The company offers Decline Monetization, the flagship product which allows Partners to automatically send rejected loan applications to its network, as well as approve customers they would otherwise decline; Dual Look which allows to assess applications concurrently with its Partners in real time; and First Look that routes designated segments of loan applications to the network for evaluation.It also provides Affiliate Optimizer Engine, a customer acquisition tool which enables Partners to originate loans through third-party affiliate channels; Direct Marketing Engine, that utilizes data network to help Partners target and acquire new customers through direct channels; and FastPass which accelerates the transaction process. Its partners include financial technology companies, incumbent banks and financial institutions, auto finance providers, and residential real estate service providers. The company was founded in 2016 and is headquartered in New York, New York.
Based on the company's financial statements, approximately 3.84% of dividend income should be donated to charity for purification. This is derived from identified interest income (3.84% of total income). Some scholars may differ on the exact calculation method.
Uses quarterly data
About Pagaya Technologies Ltd.
Pagaya Technologies Ltd., a product-focused technology company, deploys data science and proprietary artificial intelligence-powered technology for financial services, their customers, and institutional or sophisticated investors in the United States, Israel, and the Cayman Islands. The company offers Decline Monetization, the flagship product which allows Partners to automatically send rejected loan applications to its network, as well as approve customers they would otherwise decline; Dual Look which allows to assess applications concurrently with its Partners in real time; and First Look that routes designated segments of loan applications to the network for evaluation.It also provides Affiliate Optimizer Engine, a customer acquisition tool which enables Partners to originate loans through third-party affiliate channels; Direct Marketing Engine, that utilizes data network to help Partners target and acquire new customers through direct channels; and FastPass which accelerates the transaction process. Its partners include financial technology companies, incumbent banks and financial institutions, auto finance providers, and residential real estate service providers. The company was founded in 2016 and is headquartered in New York, New York.
United StatesNASDAQTechnology
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, Pagaya Technologies Ltd. (PGY) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Pagaya Technologies Ltd.'s interest income ratio is 73.9% of total revenue. AAOIFI standards require this to be below 30%.
PGY 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.
Pagaya Technologies Ltd.'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 PGY 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 Pagaya Technologies Ltd. require purification. Approximately 3.84% 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.
Is Pagaya Technologies Ltd. (PGY) stock halal to invest in?
According to AAOIFI Shariah screening standards, Pagaya Technologies Ltd. (PGY) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Does Pagaya Technologies Ltd. have any interest income?
Pagaya Technologies Ltd.'s interest income ratio is 73.9% of total revenue. AAOIFI standards require this to be below 30%.
What guidelines are used to determine if PGY stock is Shariah-compliant?
PGY 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 Pagaya Technologies Ltd. stock reviewed for Shariah compliance?
Pagaya Technologies Ltd.'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 Pagaya Technologies Ltd.'s compliance status?
You can save PGY 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 Pagaya Technologies Ltd. stock considered halal?
Dividends from Pagaya Technologies Ltd. require purification. Approximately 3.84% 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 Pagaya Technologies Ltd. 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.
