Smoltek Nanotech Holding AB (SMOL.ST) - Halal (Shariah-Compliant)
Smoltek Nanotech Holding AB (SMOL.ST) is classified as Halal (Shariah-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
- Technology
- Industry
- Semiconductor Equipment & Materials
- Result
- Pass
- Reason
- The sector "Technology" and industry "Semiconductor Equipment & Materials" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 0.0% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 2.0% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 4.8% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 4.81%.Based on the company's financial statements, approximately 4.81% of dividend income should be donated to charity for purification. This is derived from identified interest income (4.81% of total income). Some scholars may differ on the exact calculation method.
About Smoltek Nanotech Holding AB
Smoltek Nanotech Holding AB operates as a nanotechnology company in Sweden. It develops nanostructure fabrication technology for the semiconductor industry. The company was incorporated in 2015 and is headquartered in Gothenburg, Sweden.
Frequently Asked Questions
Is Smoltek Nanotech Holding AB (SMOL.ST) stock halal to invest in?
According to AAOIFI Shariah screening standards, Smoltek Nanotech Holding AB (SMOL.ST) is currently classified as Halal (Shariah-Compliant). This is based on both business activity and financial ratio screening.
Does Smoltek Nanotech Holding AB have any interest income?
Smoltek Nanotech Holding AB's interest income ratio is 2.0% of total revenue. AAOIFI standards require this to be below 30%.
What guidelines are used to determine if SMOL.ST stock is Shariah-compliant?
SMOL.ST 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.

