Is So-Young International Inc. - A (SY) Stock Halal or Haram?

So-Young International Inc. - A (SY) - Not Halal (Non-Compliant)

So-Young International Inc. - A (SY) 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: Healthcare
Industry: Health Information Services
Result: Pass
Reason: The sector "Healthcare" and industry "Health Information Services" are not in the excluded categories.

Financial Ratios

Debt Ratio: Value: 21.9% | Threshold: 30% | Result: Pass
Cash & Interest-bearing Securities Ratio: Value: 45.5% | Threshold: 30% | Result: Fail
Non-Permissible Income Ratio: Value: 1.5% | Threshold: 5% | Result: Pass

Dividend Purification

Purification percentage: 1.55%.Based on the company's financial statements, approximately 1.55% of dividend income should be donated to charity for purification. This is derived from identified interest income (1.55% of total income). Some scholars may differ on the exact calculation method.

About So-Young International Inc. - A

So-Young International Inc. operates an online platform for consumption healthcare services in the People's Republic of China. The company offers So-Young Mobile App that offers users access to medical aesthetic knowledge, community support and reservation options for treatment with medical professionals, and medical aesthetic institutions; Weixin mini program to explore treatment options, check prices, schedule appointments, participate in online consultations, and track follow-ups; and medical aesthetic community content through its website soyoung.com. Its aesthetic centers offer non-invasive to minimally invasive procedures, including device-based options, such as thread lifts, intense pulsed light, ultrasound facelifts, picosecond lasers, and body contouring treatments, as well as injectable treatments, including skin boosters, hyaluronic acid-based products, botox, and type I and type III collagen. In addition, the company engages in the research and development, production, sale, and distribution of light therapy devices, including excimer laser systems, UV excimer therapy devices, LED and red-light therapy systems, and advanced laser and intense pulsed light technologies; surgical laser devices, including carbon dioxide laser machines, multi-wavelength and semiconductor laser systems for urological treatments, and hydrodynamic-assisted liposuction systems for plastic surgery, as well as pneumatic liquid spray devices skin cleansing. Further, it offers injectable products; sales and technical, maintenance, installation, operational training, error reporting, maintenance, and equipment packaging services; consumption healthcare services, including dermatology, dentistry and orthodontics, physical examinations, gynecology, and postnatal care; reservation services; and content management through beauty diaries, short-form videos, treatment reviews, featured articles, and chat messages. The company was founded in 2013 and is headquartered in Beijing, China.

Business Activity

Pass

HealthcareHealth Information Services

The sector "Healthcare" and industry "Health Information Services" are not in the excluded categories.

Business-activity data: SEC filings. How coverage works

Financial Ratios

Fail

Debt Ratio21.9% / 30%

Cash & Interest-bearing Securities Ratio45.5% / 30%

Non-Permissible Income Ratio1.5% / 5%

Denominator: Market Capitalization

Dividend Purification

1.55%

Based on the company's financial statements, approximately 1.55% of dividend income should be donated to charity for purification. This is derived from identified interest income (1.55% of total income). Some scholars may differ on the exact calculation method.

Uses quarterly data

About So-Young International Inc. - A

ChinaNASDAQHealthcare

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 Aug 31, 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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Screening

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Frequently Asked Questions

Is So-Young International Inc. - A (SY) stock halal to invest in?

According to AAOIFI Shariah screening standards, So-Young International Inc. - A (SY) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.

Does So-Young International Inc. - A have any interest income?

So-Young International Inc. - A's interest income ratio is 45.5% of total revenue. AAOIFI standards require this to be below 30%.

What guidelines are used to determine if SY stock is Shariah-compliant?

SY 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 So-Young International Inc. - A stock reviewed for Shariah compliance?

So-Young International Inc. - A'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 So-Young International Inc. - A's compliance status?

You can save SY 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 So-Young International Inc. - A stock considered halal?

Dividends from So-Young International Inc. - A require purification. Approximately 1.55% 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 So-Young International Inc. - A 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.

Salaam

So-Young International Inc. - A

Business Activity

Financial Ratios

Dividend Purification

About So-Young International Inc. - A

Verdict history

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