Is DeFi Technologies (DEFI.NE) stock halal?
Screened against AAOIFI Shari’ah Standard 21
No. DeFi Technologies (DEFI.NE) 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 29 September 2026.
DeFi Technologies 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% | 1.02% | Pass |
| Cash and interest-bearing investments | 30% | 45.37% | Review |
| Prohibited income | 5% | 34.74% | Review |
| Not just cash and debts | 90% | 31.96% | Pass |
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
- The cash and interest-bearing investments test couldn’t be settled: The figures give 29.7% and 45.4%, on either side of the limit. Includes long-term investments that may be shares in other companies.Source: AAOIFI Shari'ah Standard 21
- The prohibited income test couldn’t be settled: Only an upper estimate is available, and it is over the limit. Interest income is not reported, so we assume all cash, investments and receivables earned 10%, which is more than they could have.Source: AAOIFI Shari'ah Standard 21
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Frequently Asked Questions about DeFi Technologies Inc. (DEFI.NE)
Is DeFi Technologies (DEFI.NE) stock halal?▾
No. DeFi Technologies (DEFI.NE) 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 29 September 2026.
What is DeFi Technologies'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. DeFi Technologies's ratio is about 1.0%.
How much dividend purification is required for DeFi Technologies (DEFI.NE) stock?▾
DeFi Technologies does not pass the screen, so purification does not apply: the standard does not permit holding it.
Does DeFi Technologies 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. DeFi Technologies'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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