Is Sea Ltd. (Singapore) (SE) stock Halal?
As of the September 2026 screening, Sea Ltd. (Singapore) (SE) does not meet the AAOIFI Shariah Standard No. 21 threshold for the non-permissible income and interest-bearing investments screens, so the stock is not currently classified as Shariah compliant. It is re-screened every month and can regain compliance if its financial structure changes.
Sea (Singapore) is a diversified global consumer internet company based in Singapore, engaging primarily in three core business segments: digital entertainment, e-commerce, and digital financial services. The company owns and operates Garena, a leading online games developer and publisher known for popular titles like Free Fire. Sea's e-commerce arm, Shopee, has rapidly expanded across Southeast Asia and Taiwan, playing a critical role in driving digital marketplace growth in these regions. For Muslim investors, though, the most pressing question is simpler: is Sea Ltd. (Singapore) a Halal investment?
Is Sea Ltd. (Singapore) Shariah compliant?
For industrial companies like Sea Ltd. (Singapore), the product is rarely the problem; aircraft, vehicles and machinery are permissible. The exposure is leverage: fleets and factories are financed, and the 30% cap that AAOIFI Shariah Standard No. 21 places on interest bearing debt is the screen that decides most verdicts in this sector.
Does Sea Ltd. (Singapore) pass the business activity test?
The activity screen is only part of the picture this month: Sea Ltd. (Singapore) currently fails the non-permissible income and interest-bearing investments screens, 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 Sea Ltd. (Singapore)'s income Halal?
No. Sea Ltd. (Singapore)'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 Sea Ltd. (Singapore) 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.
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?



