Is Soluna Holdings, Inc. (SLNH) Stock Halal or Haram?
Soluna Holdings, Inc. (SLNH) - Not Halal (Non-Compliant)
Soluna Holdings, Inc. (SLNH) 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
Capital Markets
Result
Doubtful
Reason
This company requires further review: the industry "Capital Markets" 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: 13.7% | Threshold: 30% | Result: Pass
Cash & Interest-bearing Securities Ratio
Value: 39.6% | Threshold: 30% | Result: Fail
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 Soluna Holdings, Inc.
Soluna Holdings, Inc., together with its subsidiaries, engages in the mining of cryptocurrency through data centres. It operates through three segments, Cryptocurrency Mining, Data Center Hosting, and High-Performance Computing Services. The company also operates in the blockchain business, as well as provides colocation and hosting services to large-scale bitcoin mining operators. In addition, the company develops and builds modular data centrers that use for cryptocurrency mining. Further, it provides data center hosting services, including electrical power and network connectivity to cryptocurrency mining customers. Soluna Holdings, Inc. was formerly known as Mechanical Technology Inc and as changed to Soluna Holdings, Inc. in November 2021. The company was founded in 1961 and is headquartered in Albany, New York.
Frequently Asked Questions
Is Soluna Holdings, Inc. (SLNH) stock halal to invest in?
According to AAOIFI Shariah screening standards, Soluna Holdings, Inc. (SLNH) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Screened October 20, 2026·Financials: period ended 31 Dec 2025·Balance sheet as of 30 Jun 2026
Business Activity
Warn
Financial ServicesCapital Markets
This company requires further review: the industry "Capital Markets" has mixed revenue streams that require further analysis. The sector "Financial Services" is not categorically excluded, but deeper analysis is recommended.
No non-permissible income detected in the financial statements. No purification is required based on available data.
Uses quarterly data
About Soluna Holdings, Inc.
Soluna Holdings, Inc., together with its subsidiaries, engages in the mining of cryptocurrency through data centres. It operates through three segments, Cryptocurrency Mining, Data Center Hosting, and High-Performance Computing Services. The company also operates in the blockchain business, as well as provides colocation and hosting services to large-scale bitcoin mining operators. In addition, the company develops and builds modular data centrers that use for cryptocurrency mining. Further, it provides data center hosting services, including electrical power and network connectivity to cryptocurrency mining customers. Soluna Holdings, Inc. was formerly known as Mechanical Technology Inc and as changed to Soluna Holdings, Inc. in November 2021. The company was founded in 1961 and is headquartered in Albany, New York.
United StatesNASDAQFinancial Services
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 Apr 20, 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.
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Frequently Asked Questions
According to AAOIFI Shariah screening standards, Soluna Holdings, Inc. (SLNH) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Soluna Holdings, Inc.'s interest income ratio is 39.6% of total revenue. AAOIFI standards require this to be below 30%.
SLNH 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.
Soluna 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.
You can save SLNH 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 Soluna Holdings, Inc. require purification. Approximately 0.00% 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 Soluna Holdings, Inc. have any interest income?
Soluna Holdings, Inc.'s interest income ratio is 39.6% of total revenue. AAOIFI standards require this to be below 30%.
What guidelines are used to determine if SLNH stock is Shariah-compliant?
SLNH 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 Soluna Holdings, Inc. stock reviewed for Shariah compliance?
Soluna 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 Soluna Holdings, Inc.'s compliance status?
You can save SLNH 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 Soluna Holdings, Inc. stock considered halal?
Dividends from Soluna Holdings, Inc. require purification. Approximately 0.00% 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 Soluna 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.
