Industrials · Aerospace & Defense
Is Space Exploration Technologies Corp. Class A Common Stock (SPCX) Stock Halal?
Shariah Compliance Across 5 Standards — Live
Screen SPCX live and build a compliant portfolio
Live verdicts across 5 Shariah standards, financial ratios, segment-level business income, purification and Zakat — one workspace, always current.
Shariah Compliance Verdict — 5 Standards
AAOIFI (Shari'ah Standard 21)market-cap basis
Passes all applicable screens.
Dow Jones Islamic Marketmarket-cap basis
Passes all applicable screens.
FTSE Shariah (Yasaar)total-assets basis
cash/assets 48.5% > 33%; AR+cash/assets 50.8% > 50%
MSCI Islamictotal-assets basis
cash/assets 48.5% > 33%
S&P Shariahmarket-cap basis
Passes all applicable screens.
Live verdicts from the Halal Terminal screening engine, recomputed against the issuer's latest filings.
Plain-English Summary
Compliant under AAOIFI, DJIM, S&P (debt/MC 2.0%, under their 30–33% caps), but fails FTSE, MSCI on cash/assets 48.5% > FTSE 33%, MSCI 33%.
Why Screeners May Disagree on SPCX
Defense-industry exposure without revenue disaggregation — DJIM/FTSE/MSCI exclude weapons/defense revenue above the 5% tolerance; flagged questionable pending segment data.
AAOIFI's two recognized ratio bases disagree for SPCX: the market-capitalization reading (per Shari'ah Standard 21 §3/4) is compliant, while the total-assets reading (used by FTSE/MSCI-style screeners) is non-compliant (cash/assets 48.5% > 30%). Apps using different bases will legitimately differ on this stock.
Business Activity Screen
Business activity is compliant.
Financial Ratios
Interest-bearing debt / market cap
AAOIFI ≤30% · DJIM/S&P <33% (trailing-avg MC)
2.0%
Cash & interest-bearing / market cap
AAOIFI ≤30% of market cap
4.8%
Debt / total assets
FTSE/MSCI <33.33% of total assets
20.6%
Cash & interest-bearing / total assets
FTSE/MSCI <33.33% of total assets
48.5%
Receivables + cash / total assets
FTSE <50% · MSCI ≤70%
50.8%
Interest income / revenue
≤5% across all methodologies
3.7%
Raw ratios from the latest filings — each methodology applies its own basis and thresholds (see the verdict box above for per-standard outcomes).
Purification
Purification rate: 3.72% of income
The purification rate estimates the share of the company's income attributable to impure sources (primarily interest). Scholars recommend donating that share of any dividends or gains to charity. Use the terminal's purification calculator for exact amounts on your holding.
Compliance Watch
2026-09-19 · verdict-relevant (m and a)
SpaceX Stock Forecast: SPCX Price Targets, Merger Speculation and Key Levels - FXLeaders
2026-09-17 · verdict-relevant (m and a)
Frequently Asked Questions
Is Space Exploration Technologies Corp. Class A Common Stock (SPCX) halal to invest in?
Space Exploration Technologies Corp. Class A Common Stock currently screens as Shariah-compliant on the Halal Terminal engine. The verdict is recomputed against the issuer's latest financial filings and all five major methodologies (AAOIFI, DJIM, FTSE, MSCI, S&P) — see the per-standard breakdown above. This is a data-driven application of published standards, not a fatwa.
Is SPCX compliant under AAOIFI?
Yes — SPCX passes the AAOIFI Shari'ah Standard 21 screens (30% debt and 30% interest-bearing deposits against market capitalization, 5% impure income). Note: the alternate total-assets reading differs — see the basis note above for why screeners may disagree.
Do I need to purify dividends from SPCX?
The current computed purification rate is 3.72% — the share of income attributable to impure sources that scholars recommend donating to charity.
Why do halal screening apps disagree about SPCX?
Different services apply different ratio bases (market capitalization vs total assets), different revenue classifications, and different data vintages. This page shows both AAOIFI readings side by side and classifies revenue segments explicitly so the source of any disagreement is visible.
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Live verdicts across 5 Shariah standards, financial ratios, segment-level business income, purification and Zakat — one workspace, always current.
Disclaimer: This page is for educational and informational purposes only and does not constitute financial or religious advice. Verdicts and figures come from the Halal Terminal screening engine, computed from the issuer's public financial filings and refreshed regularly (last screened 2026-09-15). This is a data-driven application of published Shariah standards — not a fatwa. Consult a qualified Islamic finance scholar or advisor for personalised guidance.