Is SoFi Technologies, Inc. SOFI stock halal to invest in?

No, as of August 2026, SoFi Technologies, Inc. stock (SOFI) 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. SoFi Technologies, Inc. currently does not meet the threshold for the non-permissible income screen. 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 SoFi Technologies, Inc. and discover Shariah compliant alternatives among the halal stocks in the Tabadulat app.

How often is SoFi Technologies, Inc. SOFI reviewed for Shariah compliance?

Tabadulat reviews SoFi Technologies, Inc. SOFI 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 Monthly screening ensures the status shown for SoFi Technologies, Inc. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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 SoFi Technologies, Inc. SOFI pass the AAOIFI Non Permissible Income criteria?

No, as of August 2026, SoFi Technologies, Inc. stock (SOFI) 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. SoFi Technologies, 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 SoFi Technologies, Inc. SOFI pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of August 2026, SoFi Technologies, Inc. stock (SOFI) 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). SoFi Technologies, 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 SoFi Technologies, Inc. SOFI pass the AAOIFI Interest Bearing Debt criteria?

Yes, as of August 2026, SoFi Technologies, Inc. stock (SOFI) passes 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. This cap limits shareholders' exposure to interest-based leverage. SoFi Technologies, Inc.'s interest-bearing debt is currently within the 30% threshold. Because market capitalisation changes daily, a company's debt ratio can drift toward or away from the limit even without new borrowing, which is why this screen is reassessed every month.

What is the dividend purification factor for SoFi Technologies, Inc. SOFI stock?

SoFi Technologies, Inc. (SOFI) 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 SoFi Technologies, Inc. returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does SoFi Technologies, Inc. SOFI pass the AAOIFI Preference Share screen?

Yes, as of August 2026, SoFi Technologies, Inc. stock (SOFI) 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. SoFi Technologies, 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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SoFi Technologies, Inc.

NASDAQ

Shariah-Compliant

Not Shariah

SOFI

About

SoFi Technologies, Inc.

SOFI

SoFi Technologies Inc. operates as a financial technology company primarily focused on offering a suite of financial products and services designed to meet the needs of both individual and institutional clients. It provides a digital platform that includes lending services, such as student loan refinancing, personal loans, and home loans. Additionally, SoFi offers investing and savings tools, digital banking services, including checking and savings accounts, as well as insurance products. The company's platform is renowned for its commitment to leveraging technology to streamline financial processes and enhance user experience. Targeting primarily a younger demographic, SoFi caters to customers seeking modern, mobile-first financial solutions. Aimed at disruptiveness within the traditional financial industry, SoFi operates in sectors like personal finance, student financing, and digital payments, contributing to increased accessibility and efficiency in financial transactions. Established in 2011 and headquartered in San Francisco, California, SoFi Technologies continues to influence the fintech landscape by integrating technological innovation with financial services.

Sector:

Financial Services

Industry:

Credit Services

Employees:

5000

Website:

https://www.sofi.com

SOFI

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SoFi Technologies, Inc.

About

SoFi Technologies, Inc.

SOFI

Frequently asked questions

Is SoFi Technologies, Inc. SOFI stock halal to invest in?

How often is SoFi Technologies, Inc. SOFI reviewed for Shariah compliance?

Does SoFi Technologies, Inc. SOFI pass the AAOIFI Non Permissible Income criteria?

Does SoFi Technologies, Inc. SOFI pass the AAOIFI Interest Bearing Investments criteria?

Does SoFi Technologies, Inc. SOFI pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for SoFi Technologies, Inc. SOFI stock?

Does SoFi Technologies, Inc. SOFI pass the AAOIFI Preference Share screen?

Can I buy SoFi Technologies (SOFI) stock on Tabadulat?

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