Is BEST SPAC I Acquisition Corp. (BSAA) Halal?

NASDAQ Financial Services Hong Kong $76M
✗ NOT HALAL
Confidence: 95/100
BEST SPAC I Acquisition Corp. (BSAA) is Not Halal under AAOIFI Standard 21 due to its classification in the Shell Companies industry, which is excluded under Shariah screening. Companies operating in prohibited sectors such as conventional banking, insurance, alcohol, tobacco, and gambling are automatically excluded regardless of their financial ratios.

Shariah Screening — 5 Standards

Based on financial data from December 2025

Standard Debt Ratio Cash Ratio Receivables Income Status
AAOIFI Excluded — Shell Companies ✗ NOT HALAL
DJIM Excluded — Shell Companies ✗ NOT HALAL
MSCI Excluded — Shell Companies ✗ NOT HALAL
S&P Excluded — Shell Companies ✗ NOT HALAL
FTSE Excluded — Shell Companies ✗ NOT HALAL

Financial Highlights

P/E Ratio
73.3
EPS
$0.14
P/B Ratio
30.1
Revenue
$0
Current Ratio
9.3

Profitability

Gross Margin 0.0%
Operating Margin 0.0%
Net Margin 0.0%
Return on Equity (ROE) 51.1%
Return on Assets (ROA) -1.4%

Cash Flow & Balance Sheet

Operating Cash Flow-$598,167
Free Cash Flow-$598,167
Current Ratio9.3
Total Assets$58M

Price & Trading

Last Close$10.25
50-Day MA$10.21
200-Day MA$10.12
Avg Volume6K
52-Week Range
$9.82
$10.32

About BEST SPAC I Acquisition Corp. (BSAA)

CEO
Mr. Xiangge Liu
Sector
Financial Services
Industry
Shell Companies
Country
Hong Kong
Exchange
NASDAQ
Market Cap
$76M
Currency
USD

BEST SPAC I Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2024 and is based in Hong Kong, Hong Kong.

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Frequently Asked Questions

Is BEST SPAC I Acquisition Corp. (BSAA) halal to invest in?

Based on our screening using AAOIFI Standard 21 (the strictest methodology), BEST SPAC I Acquisition Corp. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.

What is BEST SPAC I Acquisition Corp.'s debt ratio?

BEST SPAC I Acquisition Corp.'s debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.

What are BEST SPAC I Acquisition Corp.'s key financial metrics?

BEST SPAC I Acquisition Corp. has a market capitalization of $76M, trailing P/E ratio of 73.3. Return on equity stands at 51.1%.

How often is the screening data updated?

Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.

Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.