Is Singularity Future Technology L (SGLY) Stock Halal or Haram?
Singularity Future Technology L (SGLY) - Not Halal (Non-Compliant)
Singularity Future Technology L (SGLY) 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
Industrials
Industry
Integrated Freight & Logistics
Result
Pass
Reason
The sector "Industrials" and industry "Integrated Freight & Logistics" are not in the excluded categories.
Financial Ratios
Debt Ratio
Value: 132.5% | Threshold: 30% | Result: Fail
Cash & Interest-bearing Securities Ratio
Value: 5.1% | Threshold: 30% | Result: Pass
Non-Permissible Income Ratio
Value: 0.0% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 0.01%.Based on the company's financial statements, approximately 0.01% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.01% of total income). Some scholars may differ on the exact calculation method.
About Singularity Future Technology L
Singularity Future Technology Ltd. operates as an integrated logistics solutions provider in China and the United States. It offers transportation, warehouse, collection, last-mile delivery, drop-shipping, customs clearance, and overseas transit delivery services. The company also offers freight logistics services, including shipping, warehouse and other logistical support services. In addition, it serves the steel companies businesses. The company was formerly known as Sino-Global Shipping America, Ltd. and changed its name to Singularity Future Technology Ltd. in January 2022. Singularity Future Technology Ltd. was founded in 2001 and is headquartered in New York, New York.
Frequently Asked Questions
Is Singularity Future Technology L (SGLY) stock halal to invest in?
According to AAOIFI Shariah screening standards, Singularity Future Technology L (SGLY) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Based on the company's financial statements, approximately 0.01% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.01% of total income). Some scholars may differ on the exact calculation method.
Uses quarterly data
About Singularity Future Technology L
Singularity Future Technology Ltd. operates as an integrated logistics solutions provider in China and the United States. It offers transportation, warehouse, collection, last-mile delivery, drop-shipping, customs clearance, and overseas transit delivery services. The company also offers freight logistics services, including shipping, warehouse and other logistical support services. In addition, it serves the steel companies businesses. The company was formerly known as Sino-Global Shipping America, Ltd. and changed its name to Singularity Future Technology Ltd. in January 2022. Singularity Future Technology Ltd. was founded in 2001 and is headquartered in New York, New York.
United StatesNASDAQIndustrials
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 Aug 3, 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.
Get More on the Mizaan App
Live charts, market cap, financials, AI business analysis, portfolio tracking, and compliance alerts — all on your phone.
Frequently Asked Questions
According to AAOIFI Shariah screening standards, Singularity Future Technology L (SGLY) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Singularity Future Technology L's interest income ratio is 5.1% of total revenue. AAOIFI standards require this to be below 30%.
SGLY 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.
Singularity Future Technology L'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 SGLY 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 Singularity Future Technology L require purification. Approximately 0.01% 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.
Does Singularity Future Technology L have any interest income?
Singularity Future Technology L's interest income ratio is 5.1% of total revenue. AAOIFI standards require this to be below 30%.
What guidelines are used to determine if SGLY stock is Shariah-compliant?
SGLY 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 Singularity Future Technology L stock reviewed for Shariah compliance?
Singularity Future Technology L'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 Singularity Future Technology L's compliance status?
You can save SGLY 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 Singularity Future Technology L stock considered halal?
Dividends from Singularity Future Technology L require purification. Approximately 0.01% 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 Singularity Future Technology L 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.
