Is MicroCloud Hologram (HOLO) stock Halal?
Under AAOIFI Shariah Standard No. 21, a Halal stock keeps non-permissible income below 5% of revenue and interest-bearing debt and investments each below 30% of market capitalisation. MicroCloud Hologram, Inc. (HOLO) does not meet the threshold for the non-permissible income and interest-bearing investments screens as of September 2026, so it is not Shariah compliant.
MicroCloud Hologram is a company that specializes in the development and commercialization of holographic technology. Its primary function is to innovate and provide products and services that utilize holograms across various sectors including entertainment, education, and healthcare. Notably, the company focuses on creating immersive, three-dimensional experiences that enhance user interaction and engagement. This can be particularly impactful in fields like telemedicine and remote learning, where lifelike visual aids can aid in communication and information retention. For Muslim investors, though, the most pressing question is simpler: is MicroCloud Hologram a Halal investment?
Is MicroCloud Hologram Shariah compliant?
Technology companies rarely fail AAOIFI screening on what they sell. Software, hardware and digital services are permissible business activities, so for a company like MicroCloud Hologram the Shariah question moves to the balance sheet: how much of its market value sits in interest bearing debt, how much of its cash earns Riba in conventional deposits, and whether incidental income from impermissible sources creeps past 5% of revenue. These are exactly the ratios AAOIFI Shariah Standard No. 21 polices, and they move every month with the share price.
Does MicroCloud Hologram pass the business activity test?
The activity screen is only part of the picture this month: MicroCloud Hologram currently fails the non-permissible income and interest-bearing investments screens, so the overall verdict is not compliant regardless of the business itself. The watch item for technology names is incidental: cash returns and platform content can carry impermissible elements, which AAOIFI tolerates only below the thresholds.
Is MicroCloud Hologram's income Halal?
No. MicroCloud Hologram's income from impermissible sources currently exceeds AAOIFI's 5% revenue ceiling, which makes the stock non-compliant on this screen regardless of the others. The screen is reassessed monthly, so the status can change when new financial statements arrive.
Does MicroCloud Hologram meet AAOIFI's debt and investment ratio requirements?
Not in full. Interest bearing investments currently exceed 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.
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