Is Stablecoin Development Corporat (SDEV) Stock Halal or Haram?
Stablecoin Development Corporat (SDEV) - Questionable
Stablecoin Development Corporat (SDEV) 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
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: 0.0% | Threshold: 30% | Result: Pass
Cash & Interest-bearing Securities Ratio
Value: 0.5% | 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, so this calculation finds nothing to purify based on available data.
About Stablecoin Development Corporat
Stablecoin Development Corporation engages in the accumulation and holding of digital assets for participation in blockchain-based networks. The company focuses on the accumulation, holding, and deployment of SKY, a protocol token of the decentralized Sky Protocol. Its services intend to support protocol-level services, including staking, governance participation, validation, and related activities. The company was formerly known as NovaBay Pharmaceuticals, Inc. and changed its name to Stablecoin Development Corporation in April 2026. Stablecoin Development Corporation was incorporated in 2000 and is headquartered in Emeryville, California.
Frequently Asked Questions
Is Stablecoin Development Corporat (SDEV) stock halal to invest in?
According to AAOIFI Shariah screening standards, Stablecoin Development Corporat (SDEV) is currently classified as Questionable. This is based on both business activity and financial ratio screening.
Does Stablecoin Development Corporat have any interest income?
Screened October 25, 2026·Annual income statement: year ended 31 Dec 2023·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.
Business-activity data: inferred from the company description (lower confidence). How coverage works
No non-permissible income detected in the financial statements, so this calculation finds nothing to purify based on available data.
Uses quarterly data
About Stablecoin Development Corporat
Stablecoin Development Corporation engages in the accumulation and holding of digital assets for participation in blockchain-based networks. The company focuses on the accumulation, holding, and deployment of SKY, a protocol token of the decentralized Sky Protocol. Its services intend to support protocol-level services, including staking, governance participation, validation, and related activities. The company was formerly known as NovaBay Pharmaceuticals, Inc. and changed its name to Stablecoin Development Corporation in April 2026. Stablecoin Development Corporation was incorporated in 2000 and is headquartered in Emeryville, California.
United StatesAMEXFinancial Services
Screened using AAOIFI Standard No. 21 on October 25, 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 Oct 25, 2026. We started recording changes on Oct 25, 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, Stablecoin Development Corporat (SDEV) is currently classified as Questionable. This is based on both business activity and financial ratio screening.
Identified interest income is 0.0% of Stablecoin Development Corporat's total income. AAOIFI standards require non-permissible income to be below 5%.
SDEV 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.
Stablecoin Development Corporat'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.
Watch SDEV free with a Mizaan account. Watched stocks are re-checked weekly, and any verdict change is dated in the verdict history on this page. Premium members also get an alert when it changes.
Approximately 0.00% of dividend income from Stablecoin Development Corporat comes from non-permissible sources such as interest income. Many investors purify that share by donating it to charity; scholars differ on the details, so check with one you trust.
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.
Identified interest income is 0.0% of Stablecoin Development Corporat's total income. AAOIFI standards require non-permissible income to be below 5%.
What guidelines are used to determine if SDEV stock is Shariah-compliant?
SDEV 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 Stablecoin Development Corporat stock reviewed for Shariah compliance?
Stablecoin Development Corporat'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 Stablecoin Development Corporat's compliance status?
Watch SDEV free with a Mizaan account. Watched stocks are re-checked weekly, and any verdict change is dated in the verdict history on this page. Premium members also get an alert when it changes.
Are dividends from Stablecoin Development Corporat stock considered halal?
Approximately 0.00% of dividend income from Stablecoin Development Corporat comes from non-permissible sources such as interest income. Many investors purify that share by donating it to charity; scholars differ on the details, so check with one you trust.
Do I need to pay Zakat on my Stablecoin Development Corporat 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.
