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Is Sky Quarry (SKYQ) 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. Sky Quarry, Inc. (SKYQ) does not meet the threshold for the interest-bearing debt screen as of September 2026, so it is not Shariah compliant.
Sky Quarry is a company dedicated to the sustainable and innovative management of waste materials, with a strong emphasis on environmentally friendly practices. The primary focus of Sky Quarry is the reclamation and recycling of asphalt shingles from landfills, transforming what would otherwise be waste into useful resources. This process not only aids in reducing landfill accumulation but also contributes to the reduction of greenhouse gas emissions associated with new material production. For Muslim investors, though, the most pressing question is simpler: is Sky Quarry a Halal investment?
Is Sky Quarry Shariah compliant?
Extracting and selling oil, gas or materials is a permissible business, so companies like Sky Quarry rarely stumble on the activity screen. The pressure point is capital structure: energy is a capital hungry industry that borrows heavily, and AAOIFI Shariah Standard No. 21 caps interest bearing debt at 30% of market capitalisation, a line that moves as commodity cycles move the share price.
Does Sky Quarry pass the business activity test?
The activity screen is only part of the picture this month: Sky Quarry currently fails the interest-bearing debt screen, so the overall verdict is not compliant regardless of the business itself. The activity itself, extracting and selling resources, raises no Shariah objection; the scrutiny belongs to the financing.
Is Sky Quarry's income Halal?
Yes, within AAOIFI's tolerance. Sky Quarry's income from non-permissible sources stays below 5% of revenue in the September 2026 screening.
Does Sky Quarry 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?
Frequently asked questions
Is Sky Quarry, Inc. SKYQ stock Halal to invest in?
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How often is Sky Quarry, Inc. SKYQ reviewed for Shariah compliance?
Does Sky Quarry, Inc. SKYQ pass the AAOIFI Non Permissible Income criteria?
Does Sky Quarry, Inc. SKYQ pass the AAOIFI Interest Bearing Investments criteria?
Does Sky Quarry, Inc. SKYQ pass the AAOIFI Interest Bearing Debt criteria?
What is the dividend purification factor for Sky Quarry, Inc. SKYQ stock?
Does Sky Quarry, Inc. SKYQ pass the AAOIFI Preference Share screen?
