QumulusAI, Inc. (QMLS) - Not Halal (Non-Compliant)
QumulusAI, Inc. (QMLS) 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: 135.1% | Threshold: 30% | Result: Fail
Cash & Interest-bearing Securities Ratio
Value: 16.7% | 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 QumulusAI, Inc.
QumulusAI, Inc. operates as a cloud infrastructure company. It operates through two segments, Bitcoin and High-Performance Computing. The company engages in the deployment of graphics processing unit-powered solutions for artificial intelligence applications. It is also involved in bitcoin mining and hosting, as well as compute power. The company serves underserved small and mid-market customers, including machine learning teams, AI infrastructure startups, and research institutions. The company was formerly known as Global Digital Holdings Inc. and changed its name to QumulusAI, Inc. in August 2025. The company was founded in 2019 and is based in Atlanta, Georgia.
Frequently Asked Questions
Is QumulusAI, Inc. (QMLS) stock halal to invest in?
According to AAOIFI Shariah screening standards, QumulusAI, Inc. (QMLS) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Does QumulusAI, Inc. have any interest income?
QumulusAI, Inc.'s interest income ratio is 16.7% of total revenue. AAOIFI standards require this to be below 30%.
No non-permissible income detected in the financial statements. No purification is required based on available data.
Uses quarterly data
About QumulusAI, Inc.
QumulusAI, Inc. operates as a cloud infrastructure company. It operates through two segments, Bitcoin and High-Performance Computing. The company engages in the deployment of graphics processing unit-powered solutions for artificial intelligence applications. It is also involved in bitcoin mining and hosting, as well as compute power. The company serves underserved small and mid-market customers, including machine learning teams, AI infrastructure startups, and research institutions. The company was formerly known as Global Digital Holdings Inc. and changed its name to QumulusAI, Inc. in August 2025. The company was founded in 2019 and is based in Atlanta, Georgia.
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.
No verdict changes recorded since first screened on Jul 28, 2026. We started recording changes on Oct 19, 2026.
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, QumulusAI, Inc. (QMLS) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
QumulusAI, Inc.'s interest income ratio is 16.7% of total revenue. AAOIFI standards require this to be below 30%.
QMLS 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.
QumulusAI, 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 QMLS 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 QumulusAI, Inc. require purification. Approximately 0.00% 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 QMLS stock is Shariah-compliant?
QMLS 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 QumulusAI, Inc. stock reviewed for Shariah compliance?
QumulusAI, 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 QumulusAI, Inc.'s compliance status?
You can save QMLS 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 QumulusAI, Inc. stock considered halal?
Dividends from QumulusAI, Inc. require purification. Approximately 0.00% 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 QumulusAI, 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.
