How often is SurgePays, Inc. SURG reviewed for Shariah compliance?

At Tabadulat, we receive Shariah compliance data on SurgePays, Inc. SURG monthly. We apply the rigorous AAOIFI screening methodology under the direct supervision of our dedicated Shariah Supervisory Board to ensure your investments are consistently compliant.

Does SurgePays, Inc. SURG pass the AAOIFI Non Permissible Income criteria?

Yes, as of February 2026, SurgePays, Inc. stock (SURG) passes the AAOIFI Non Permissible Income criterion. The company's income from non-permissible sources, such as interest, is below the acceptable threshold set by AAOIFI.

Does SurgePays, Inc. SURG pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of February 2026, SurgePays, Inc. stock (SURG) passes the AAOIFI Interest Bearing Investments criterion. The company's interest-bearing investments are below the acceptable threshold set by AAOIFI.

Does STOCK pass the AAOIFI Interest Bearing Debt criteria?

Yes, as of February 2026, SurgePays, Inc. stock (SURG) passes the AAOIFI Interest Bearing Debt criterion. The company's interest-bearing debt is below the acceptable threshold set by AAOIFI.

What is the dividend purification factor for SurgePays, Inc. SURG stock?

SurgePays, Inc. (SURG) is currently classified as not Shariah compliant, so no dividend purification factor applies, because purification factors are calculated only for stocks that pass the AAOIFI screens. Purification (tazkiyah) is the practice of donating to charity the small portion of dividend income that stems from incidental non-permissible sources, such as interest earned on a compliant company's cash deposits. For non-compliant stocks the issue is not purification but eligibility: under AAOIFI Shariah Standard No. 21 the stock does not currently qualify as a halal investment. If SurgePays, Inc. returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does SurgePays, Inc. SURG pass the AAOIFI Preference Share screen?

Yes, as of August 2026, SurgePays, Inc. stock (SURG) passes the AAOIFI preference share screen. AAOIFI Shariah Standard No. 21 prohibits investing in preference shares because they grant holders guaranteed or priority rights to dividends and capital ahead of ordinary shareholders, a structure that conflicts with the Shariah principle that investors should share profit and loss in proportion to their ownership. SurgePays, Inc. has no impermissible preference share structure affecting its ordinary shares, so the stock is compliant on this criterion. Like all AAOIFI screens, this is verified in each monthly review.

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Is SurgePays, Inc. SURG stock halal to invest in?

Q: Is SurgePays, Inc. SURG stock halal to invest in?

Yes, SurgePays, Inc. stock (SURG) is considered Shariah compliant as of February 2026. This status is confirmed by a rigorous financial screening against international Islamic finance criteria, specifically citing the AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions) as the authority and primary standard for determining Shariah compliance. SurgePays, Inc. is assessed to meet the necessary business and financial benchmarks for a halal investment.

NASDAQ

Shariah-Compliant

Not Shariah

Sector:

Communication Services

Industry:

Telecom Services

Employees:

130

Website:

https://surgepays.com

Market cap:

$4M

P/E ratio:

38.3

Dividend yield:

52-week range:

$0.15 - $3.14

Data as of:

3 September 2026

Screening history:

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