Is SHF Holdings, Inc. (SHFSW) Stock Halal or Haram?
SHF Holdings, Inc. (SHFSW) - Not Halal (Non-Compliant)
SHF Holdings, Inc. (SHFSW) 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
Industry
Result
Doubtful
Reason
This company requires further review: description contains keywords that may indicate non-permissible activities: cannabis. The sector "" is not categorically excluded, but deeper analysis is recommended.
Financial Ratios
Debt Ratio
Value: N/A | Threshold: 30% | Result: Warning
Cash & Interest-bearing Securities Ratio
Value: N/A | Threshold: 30% | Result: Warning
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.
Screened October 26, 2026·Annual income statement: year ended 31 Dec 2025·Balance sheet as of 30 Jun 2026
Business Activity
Warn
This company requires further review: description contains keywords that may indicate non-permissible activities: cannabis. The sector "" is not categorically excluded, but deeper analysis is recommended.
Business-activity data: inferred from the company description (lower confidence). How coverage works
Financial Ratios
Fail
Debt RatioData Not Available
Cash & Interest-bearing Securities RatioData Not Available
Non-Permissible Income Ratio17.9% / 5%
Denominator: Market Capitalization
Dividend Purification
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.
Uses quarterly data
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.
United StatesNASDAQ
Screened using AAOIFI Standard No. 21 on October 26, 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 26, 2026. We started recording changes on Oct 26, 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, SHF Holdings, Inc. (SHFSW) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Identified interest income is 17.9% of SHF Holdings, Inc.'s total income. AAOIFI standards require non-permissible income to be below 5%.
SHFSW 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.
SHF Holdings, 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.
Watch SHFSW 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 17.93% of dividend income from SHF Holdings, Inc. 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.
Is SHF Holdings, Inc. (SHFSW) stock halal to invest in?
According to AAOIFI Shariah screening standards, SHF Holdings, Inc. (SHFSW) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Does SHF Holdings, Inc. have any interest income?
Identified interest income is 17.9% of SHF Holdings, Inc.'s total income. AAOIFI standards require non-permissible income to be below 5%.
What guidelines are used to determine if SHFSW stock is Shariah-compliant?
SHFSW 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 SHF Holdings, Inc. stock reviewed for Shariah compliance?
SHF Holdings, 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 SHF Holdings, Inc.'s compliance status?
Watch SHFSW 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 SHF Holdings, Inc. stock considered halal?
Approximately 17.93% of dividend income from SHF Holdings, Inc. 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 SHF Holdings, 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.
