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Is Stardust Power (SDST) stock Halal?

NASDAQ
Shariah-Compliant
Not Shariah

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. Stardust Power, Inc. (SDST) passes all four screens as of September 2026, with a dividend purification factor of 99.03%.

Stardust Power is an energy company specializing in the production and distribution of sustainable energy solutions. The company's primary goal is to innovate within the renewable energy sector, focusing on harnessing solar, wind, and hydroelectric power to provide clean energy alternatives. Stardust Power influences several key industries, including utility providers, residential and commercial real estate sectors, and environmental technology. For Muslim investors, though, the most pressing question is simpler: is Stardust Power a Halal investment?

Is Stardust Power Shariah compliant?

For industrial companies like Stardust Power, 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 Stardust Power pass the business activity test?

Yes. In the September 2026 screening Stardust Power holds an overall PASS, which a stock only earns when its core business clears the activity screen. The activity itself raises no Shariah objection; the scrutiny belongs to the financing.

Is Stardust Power's income Halal?

Yes, within AAOIFI's tolerance. Stardust Power's income from non-permissible sources stays below 5% of revenue in the September 2026 screening, and the small impure portion is handled through purification: the factor of 99.03% tells holders of SDST what share of each dividend to keep and what remainder to donate to charity.

Does Stardust Power meet AAOIFI's debt and investment ratio requirements?

Yes. Both caps hold this month: interest bearing investments and interest bearing debt each stay below 30% of market capitalisation. Because the caps move with the share price, our Shariah Supervisory Board has SDST re-screened every month, and the result above always shows the latest verdict.

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 Stardust Power, Inc. SDST stock Halal to invest in?

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How often is Stardust Power, Inc. SDST reviewed for Shariah compliance?

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Does Stardust Power, Inc. SDST pass the AAOIFI Non Permissible Income criteria?

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Does Stardust Power, Inc. SDST pass the AAOIFI Interest Bearing Investments criteria?

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Does Stardust Power, Inc. SDST pass the AAOIFI Interest Bearing Debt criteria?

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What is the dividend purification factor for Stardust Power, Inc. SDST stock?

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Does Stardust Power, Inc. SDST pass the AAOIFI Preference Share screen?

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Shariah Compliant in core.

Screening follows AAOIFI Standard and overseen by our Shariah Supervisory Board.

Sheikh Muhammad Ahmad Sultan

Sheikh Muhammad
Ahmad Sultan

Sheikh Muhammad Ahmad Sultan

Sheikh Dr. Irshad
Ahmad Aijaz

Sheikh Muhammad Ahmad Sultan

Sheikh Dr. Salah Fahad
Al Shalhoob

Sheikh Muhammad Ahmad Sultan

Sheikh Muhammad Ahmad Sultan

Masters in Fiqh and Usool ul Fiqh • 15+ years in GCC Islamic finance

Sheikh Dr. Irshad Ahmad Aijaz

Sheikh Dr. Irshad Ahmad Aijaz

Ph.D., Jamia Dar-ul-Uloom • Chairman, Shariah Advisory Committee, State Bank of Pakistan

Sheikh Dr. Salah Fahad Al Shalhoob

Sheikh Dr. Salah Fahad Al Shalhoob

Ph.D., University of Edinburgh • Assistant Professor, KFUPM

Page 1 of the Shariyah Review Bureau Opinion on Sharia Compliance issued to Tabadulat Limited, UID TBD-4392-02-02-07-25

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