Is Bright Smart Securities & Commodities Group (1428.HK) stock halal?
Screened against AAOIFI Shari’ah Standard 21
No. Bright Smart Securities & Commodities Group (1428.HK) does not pass the AAOIFI Shari’ah Standard 21 screen. Its main business is futures and options trading (Yahoo industry “Capital Markets”), which AAOIFI Shari’ah Standard 21 excludes (3/4/1). Last checked 2 October 2026.
Bright Smart Securities & Commodities Group is not compliant under Halal / Islamic guidelines
AAOIFI Shari’ah Standard 21 Financial Audit
Figures from the latest annual report (the SEC filing or, for European companies, the ESEF annual report, where one exists, checked against Yahoo Finance) and a 36-month average market value.
| Test | Standard Limit | Actual Figure | Status |
|---|---|---|---|
| Main business | — | — | Fail |
| Interest-bearing debt | 30% | 50.81% | Fail |
| Cash and interest-bearing investments | 30% | 5.42% | Pass |
| Prohibited income | 5% | 28.88% | Fail |
| Not just cash and debts | 90% | 97.74% | Review |
Key Findings & Observations
- Its main business is futures and options trading (Yahoo industry “Capital Markets”), which AAOIFI Shari’ah Standard 21 excludes (3/4/1).Source: Business check
- Interest-bearing debt is 50.8% of the company’s 36-month average market value. AAOIFI’s limit is under 30% (Shari'ah Standard 21, 3/4/2).Source: AAOIFI Shari'ah Standard 21
- Prohibited income, interest included, is 28.9% of total revenue. AAOIFI’s limit is 5% (Shari'ah Standard 21, 3/4/4).Source: AAOIFI Shari'ah Standard 21
- The not just cash and debts test couldn’t be settled: Almost all of the company’s assets are cash, investments and receivables, so it may be a cash shell. Check what it does before investing.Source: AAOIFI Shari'ah Standard 21
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Frequently Asked Questions about Bright Smart Securities & Commodities Group Limited (1428.HK)
Is Bright Smart Securities & Commodities Group (1428.HK) stock halal?▾
No. Bright Smart Securities & Commodities Group (1428.HK) does not pass the AAOIFI Shari’ah Standard 21 screen. Its main business is futures and options trading (Yahoo industry “Capital Markets”), which AAOIFI Shari’ah Standard 21 excludes (3/4/1). Last checked 2 October 2026.
What is Bright Smart Securities & Commodities Group's debt ratio under Islamic finance standards?▾
Under AAOIFI Shari’ah Standard 21, interest-bearing debt must stay under 30% of a company's 36-month average market value. Bright Smart Securities & Commodities Group's ratio is about 50.8%.
How much dividend purification is required for Bright Smart Securities & Commodities Group (1428.HK) stock?▾
Bright Smart Securities & Commodities Group does not pass the screen, so purification does not apply: the standard does not permit holding it.
Does Bright Smart Securities & Commodities Group operate in prohibited business activities?▾
AAOIFI Shari’ah Standard 21 excludes companies whose main business is prohibited, such as alcohol, pork, gambling, conventional interest-based finance and adult entertainment. Bright Smart Securities & Commodities Group's main business is checked against these. For companies that file with the US SEC, revenue by division is also read from the filing, so a division in a prohibited business is counted. Where the check cannot be settled, the result is shown as Needs Review rather than guessed.
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