
Is First Advantage (FA) stock Halal?
September 2026 AAOIFI screening result for First Advantage Corp. (FA): non-permissible income, pass. Interest-bearing investments, pass. Interest-bearing debt, fail. Preference shares, pass. First Advantage Corp. is not currently Shariah compliant. Re-screened monthly against AAOIFI Shariah Standard No. 21.
First Advantage is a leading provider of technology-driven solutions for the recruitment and hiring processes. Specializing in background screening, it offers a comprehensive suite of services designed to streamline employee background checks, drug testing, and compliance monitoring. The company's solutions cater to a diverse range of sectors, including retail, healthcare, education, and transportation, ensuring organizations can make informed hiring decisions swiftly and with confidence. Before any of that matters to a Muslim investor, one question comes first: is First Advantage stock Halal?
Is First Advantage Shariah compliant?
Industrial businesses like First Advantage usually pass the activity screen without drama. The harder test is financial: heavy assets mean heavy financing, and AAOIFI Shariah Standard No. 21 tolerates interest bearing debt and investments only below 30% of market capitalisation, ratios that shift with every move in the share price.
Does First Advantage pass the business activity test?
The activity screen is only part of the picture this month: First Advantage currently fails the interest-bearing debt screen, so the overall verdict is not compliant regardless of the business itself. The activity itself raises no Shariah objection; the scrutiny belongs to the financing.
Is First Advantage's income Halal?
Yes, within AAOIFI's tolerance. First Advantage's income from non-permissible sources stays below 5% of revenue in the September 2026 screening.
Does First Advantage meet AAOIFI's debt and investment ratio requirements?
Not in full. Interest bearing debt currently exceeds the 30% cap, 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.
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 four screens? Read AAOIFI Standards Explained: What Makes a Stock Halal?



