Virgin Galactic Holdings, Inc. (SPCE) - Not Halal (Non-Compliant)
Virgin Galactic Holdings, Inc. (SPCE) 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
- Aerospace & Defense
- Result
- Doubtful
- Reason
- This company requires further review: the industry "Aerospace & Defense" has mixed revenue streams that require further analysis. The sector "Industrials" is not categorically excluded, but deeper analysis is recommended.
Financial Ratios
- Debt Ratio
- Value: 45.0% | Threshold: 30% | Result: Fail
- Cash & Interest-bearing Securities Ratio
- Value: 52.4% | Threshold: 30% | Result: Fail
- Non-Permissible Income Ratio
- Value: 1414.6% | Threshold: 5% | Result: Fail
Dividend Purification
Purification percentage: 100.00%.Based on the company's financial statements, approximately 100.00% of dividend income should be donated to charity for purification. This is derived from identified interest income (1414.64% of total income). Some scholars may differ on the exact calculation method.
About Virgin Galactic Holdings, Inc.
Virgin Galactic Holdings, Inc., an aerospace and space travel company, focuses on the development, manufacture, and operation of spaceships and related technologies. It engages in the design and development, manufacturing, ground and flight testing, spaceflight operation, and post-flight maintenance of spaceflight systems for private individuals, researchers, and government agencies. Virgin Galactic Holdings, Inc. is headquartered in Tustin, California.
Frequently Asked Questions
Is Virgin Galactic Holdings, Inc. (SPCE) stock halal to invest in?
According to AAOIFI Shariah screening standards, Virgin Galactic Holdings, Inc. (SPCE) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Does Virgin Galactic Holdings, Inc. have any interest income?
Virgin Galactic Holdings, Inc.'s interest income ratio is 52.4% of total revenue. AAOIFI standards require this to be below 30%.

