Is EpicQuest Education Group International (EEIQ) stock Halal?

EpicQuest Education Group International is a company focused on delivering comprehensive education solutions globally. It specializes in providing educational services, including degree-oriented and non-degree programs designed for both local and international students. EpicQuest Education targets various educational sectors, aiming to enhance learning experiences through innovative teaching methodologies and technology. For Muslim investors, though, the most pressing question is simpler: is EpicQuest Education Group International a Halal investment?

Is EpicQuest Education Group International Shariah compliant?

No. In the October 2026 screening EpicQuest Education Group International (EEIQ) does not pass AAOIFI screening: it fails the interest-bearing investments screen. Food, household goods and everyday retail are permissible activities, with one watch item: incidental revenue from alcohol, tobacco or conventional financial services must stay below the 5% ceiling of AAOIFI Shariah Standard No. 21. For EpicQuest Education Group International, that is usually the screen worth reading first.

Does EpicQuest Education Group International pass the business activity test?

The activity screen is only part of the picture this month: EpicQuest Education Group International currently fails the interest-bearing investments screen, so the overall verdict is not compliant regardless of the business itself. The watch item is the product mix: any alcohol, tobacco or similar lines count against the 5% ceiling.

Is EpicQuest Education Group International's income Halal?

Yes, within AAOIFI's tolerance. EpicQuest Education Group International's income from non-permissible sources stays below 5% of revenue in the October 2026 screening.

Does EpicQuest Education Group International meet AAOIFI's debt and investment ratio requirements?

Not in full. Interest bearing investments currently exceed the 30% cap, measured against a market capitalisation of $8.41M (market data as of 1 October 2026), while the other ratio stays within it. One breach is enough to fail the screening; the ratios are reassessed monthly under our Shariah Supervisory Board.

Why do other halal screeners show a different verdict for EpicQuest Education Group International?

Screeners can disagree without either being wrong. AAOIFI Shariah Standard No. 21, which Tabadulat applies, measures interest bearing debt and investments against market capitalisation with a 30% ceiling. MSCI and FTSE measure them against total assets with a 33% ceiling, and S&P and Dow Jones Islamic use a multi year average of market capitalisation. Data dates differ too, because each provider reads filings and prices on its own schedule. The same company can therefore pass one standard and fail another in the same month. Tabadulat publishes one answer, the AAOIFI result as of October 2026, and re-screens it every month.

Tabadulat is an ADGM regulated brokerage whose license covers Shari'a Compliant Regulated Activities, as the FSRA permission names them. New to the terminology? Gharar and Maysir, Sukuk, Zakat and purification are all explained in plain English.

New to the screening method? Read What is Halal Investing? A Guide to Halal Stocks and Islamic Finance