WISeSat.Space Holdings Corp. (SAIQ) - Questionable
WISeSat.Space Holdings Corp. (SAIQ) is classified as Questionable 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
- Industrials
- Industry
- Aerospace & Defense
- Result
- Doubtful
- Reason
- This company requires further review: the industry "Aerospace & Defense" has mixed revenue streams that require further analysis. The sector "Industrials" is not categorically excluded, but deeper analysis is recommended.
Financial Ratios
- Debt Ratio
- Value: 0.0% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 5.5% | 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 WISeSat.Space Holdings Corp.
WISeSat.Space Holdings Corp. is a space technology company focused on secure satellite communications for internet of things applications in Switzerland. The company is headquartered in Road Town, the British Virgin Islands. WISeSat.Space Holdings Corp. operates as a subsidiary of WISeKey International Holding AG.
Frequently Asked Questions
Is WISeSat.Space Holdings Corp. (SAIQ) stock halal to invest in?
According to AAOIFI Shariah screening standards, WISeSat.Space Holdings Corp. (SAIQ) is currently classified as Questionable. This is based on both business activity and financial ratio screening.
Does WISeSat.Space Holdings Corp. have any interest income?
WISeSat.Space Holdings Corp.'s interest income ratio is 5.5% of total revenue. AAOIFI standards require this to be below 30%.
What guidelines are used to determine if SAIQ stock is Shariah-compliant?
SAIQ 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.

