SHF Holdings, Inc. (SHFS) - Not Halal (Non-Compliant)
SHF Holdings, Inc. (SHFS) 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
- Financial Services
- Industry
- Banks - Regional
- Result
- Doubtful
- Reason
- This company requires further review: description contains keywords that may indicate non-permissible activities: cannabis. The sector "Financial Services" is not categorically excluded, but deeper analysis is recommended.
Financial Ratios
- Debt Ratio
- Value: 4.8% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 43.8% | Threshold: 30% | Result: Fail
- Non-Permissible Income Ratio
- Value: 17.9% | Threshold: 5% | Result: Fail
Dividend Purification
Purification percentage: 17.93%.Based on the company's financial statements, approximately 17.93% of dividend income comes from non-permissible sources; this is the share many investors donate to purify it. This is derived from identified interest income (17.93% of total income). Some scholars may differ on the exact calculation method.
About SHF Holdings, Inc.
SHF Holdings, Inc., through its subsidiaries, provides access to banking, lending, and other financial services to financial institutions serving the cannabis industry. The company, through its proprietary platform, offers access to business checking and savings accounts; cash management accounts; savings and investment options; commercial lending; courier and vaulting services; remote deposit services; automated clearing house payments and origination; and wire payments. It also provides regulatory compliance consulting, software for maintaining know your customer, and bank secrecy act compliance; origination, onboarding, verification, and servicing of cannabis-related deposit business; and sourcing, underwriting, servicing, and administering services of loans issued to cannabis businesses and related entities. In addition, the company's services allow cannabis related businesses to obtain services for enhanced financial insight into business and access to resources. SHF Holdings, Inc. was founded in 2015 and is headquartered in Golden, Colorado.


