Is Eureka Acquisition Corp (EURKU) Halal?

NASDAQ Financial Services Hong Kong $73M
✗ NOT HALAL
Confidence: 95/100
Eureka Acquisition Corp (EURKU) 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 September 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/B Ratio
-35.2
Revenue
$0
Current Ratio
0.0

Profitability

Gross Margin 0.0%
Operating Margin 0.0%
Net Margin 0.0%
Return on Equity (ROE) 273.2%
Return on Assets (ROA) -1.5%

Cash Flow & Balance Sheet

Operating Cash Flow-$668,921
Free Cash Flow-$668,921
Total Debt$500,000
Current Ratio0.0
Total Assets$31M

Price & Trading

Last Close$10.89
50-Day MA$10.89
200-Day MA$10.83
Avg Volume0
52-Week Range
$10.47
$11.60

About Eureka Acquisition Corp (EURKU)

CEO
Dr. Fen Zhang Ph.D.
Sector
Financial Services
Industry
Shell Companies
Country
Hong Kong
Exchange
NASDAQ
Market Cap
$73M
Currency
USD

Eureka Acquisition Corp does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. Eureka Acquisition Corp was incorporated in 2023 and is based in North Point, Hong Kong.

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Frequently Asked Questions

Is Eureka Acquisition Corp (EURKU) halal to invest in?

Based on our screening using AAOIFI Standard 21 (the strictest methodology), Eureka 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 Eureka Acquisition Corp's debt ratio?

Eureka 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 Eureka Acquisition Corp's key financial metrics?

Eureka Acquisition Corp has a market capitalization of $73M. Return on equity stands at 273.2%.

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.