Is SunCar Technology Group, Inc. SDA stock halal to invest in?

No, as of August 2026, SunCar Technology Group, Inc. stock (SDA) is not currently classified as a Shariah compliant stock. This verdict follows the screening methodology of AAOIFI (the Accounting and Auditing Organization for Islamic Financial Institutions), whose Shariah Standard No. 21 is the leading global benchmark for screening halal stocks. To qualify as halal under this standard, a company must keep non-permissible income below 5% of total revenue, keep both interest-bearing investments and interest-bearing debt below 30% of market capitalisation, and have no impermissible preference share structure. SunCar Technology Group, Inc. currently does not meet the threshold for the non-permissible income and interest-bearing debt screens. Because screenings are refreshed monthly as new financial reports are published, a non-compliant stock can regain compliant status if its financial structure changes. You can track the latest status of SunCar Technology Group, Inc. and discover Shariah compliant alternatives among the halal stocks in the Tabadulat app.

How often is SunCar Technology Group, Inc. SDA reviewed for Shariah compliance?

Tabadulat reviews SunCar Technology Group, Inc. SDA for Shariah compliance every month. Each review applies the AAOIFI Shariah Standard No. 21 methodology, screening the company's business activities, non-permissible income, interest-bearing investments, interest-bearing debt, and preference shares, against the company's latest available financial data. The process operates under the direct supervision of Tabadulat's dedicated Shariah Supervisory Board of Islamic finance scholars. Because compliance depends on financial ratios that move with market capitalisation and reported results, a stock's status can change from one review to the next. Monthly screening ensures the status shown for SunCar Technology Group, Inc. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.

Does SunCar Technology Group, Inc. SDA pass the AAOIFI Non Permissible Income criteria?

No, as of August 2026, SunCar Technology Group, Inc. stock (SDA) does not pass the AAOIFI non-permissible income screen. Under AAOIFI Shariah Standard No. 21, income from impermissible sources (such as interest or riba, conventional financial services, alcohol, gambling, or tobacco) must remain below 5% of a company's total revenue. SunCar Technology Group, Inc.'s income from non-permissible sources currently exceeds this 5% ceiling, which makes the stock non-compliant on this criterion regardless of how it performs on the other screens. The screen is reassessed monthly, so the status can change when the company releases new financial statements.

Does SunCar Technology Group, Inc. SDA pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of August 2026, SunCar Technology Group, Inc. stock (SDA) passes the AAOIFI interest-bearing investments screen. Under AAOIFI Shariah Standard No. 21, the cash a company places in interest-earning instruments (such as conventional deposits, bonds, treasury bills and money-market funds) must remain below 30% of its market capitalisation. This limit ensures shareholders are not materially profiting from riba (interest). SunCar Technology Group, Inc.'s interest-bearing investments are currently within the 30% threshold. Because the ratio is measured against market capitalisation, it can move with the share price as well as the balance sheet, which is why Tabadulat rescreens the stock every month.

Does SunCar Technology Group, Inc. SDA pass the AAOIFI Interest Bearing Debt criteria?

No, as of August 2026, SunCar Technology Group, Inc. stock (SDA) does not pass the AAOIFI interest-bearing debt screen. Under AAOIFI Shariah Standard No. 21, a company's borrowings that accrue interest (conventional bank loans, bonds and similar riba-based financing) must remain below 30% of its market capitalisation. SunCar Technology Group, Inc.'s interest-bearing debt currently exceeds this 30% limit, meaning the company relies on riba-based financing beyond the level AAOIFI permits for a halal investment. A company can return to compliance by reducing debt or through changes in market capitalisation, and the screen is reassessed monthly.

What is the dividend purification factor for SunCar Technology Group, Inc. SDA stock?

SunCar Technology Group, Inc. (SDA) 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 SunCar Technology Group, Inc. returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does SunCar Technology Group, Inc. SDA pass the AAOIFI Preference Share screen?

Yes, as of August 2026, SunCar Technology Group, Inc. stock (SDA) 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. SunCar Technology Group, 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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SunCar Technology Group, Inc.

NASDAQ

Shariah-Compliant

Not Shariah

SDA

About

SunCar Technology Group, Inc.

SDA

Suncar Technology Group Inc. is a company dedicated to the design and manufacture of electric vehicles, emphasizing innovation in the automotive sector focused on sustainability. The primary function of Suncar is to develop eco-friendly vehicular solutions that cater to the increasing global demand for cleaner transportation alternatives. With a strong commitment to reducing carbon footprints, Suncar Technology impacts several industries, including automotive manufacturing, renewable energy, and environmental engineering. Suncar's product line includes a range of electric vehicles (EVs) designed for both personal and commercial uses, promoting the adoption of electric motoring across various markets. The company's role in the financial market is marked by its contribution to the green technology landscape, as it pushes forward developments in battery efficiency and EV infrastructure. As part of the growing EV sector, Suncar Technology Group Inc. plays a significant role in the transition towards sustainable energy solutions, aligning with global trends towards reduced dependence on fossil fuels and increased environmental responsibility.

Sector:

Consumer Cyclical

Industry:

Auto & Truck Dealerships

Employees:

560

Website:

https://suncartech.com

SDA

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SunCar Technology Group, Inc.

About

SunCar Technology Group, Inc.

SDA

Frequently asked questions

Is SunCar Technology Group, Inc. SDA stock halal to invest in?

How often is SunCar Technology Group, Inc. SDA reviewed for Shariah compliance?

Does SunCar Technology Group, Inc. SDA pass the AAOIFI Non Permissible Income criteria?

Does SunCar Technology Group, Inc. SDA pass the AAOIFI Interest Bearing Investments criteria?

Does SunCar Technology Group, Inc. SDA pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for SunCar Technology Group, Inc. SDA stock?

Does SunCar Technology Group, Inc. SDA pass the AAOIFI Preference Share screen?

Can I buy SunCar Technology (SDA) stock on Tabadulat?

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