What Shariah screening methodology does HalalStockGuide use?

We apply all 5 major Shariah screening standards: AAOIFI Standard 21, Dow Jones Islamic Market Index (DJIM), MSCI Islamic, S&P Shariah, and FTSE Shariah. Each standard has different thresholds for debt, cash, receivables, and impermissible income ratios.

Is Harvard Ave Acquisition Corp (HAVAU) Halal?

Q: Is Harvard Ave Acquisition Corp (HAVAU) halal to invest in?

Harvard Ave Acquisition Corp is Not Halal under AAOIFI Standard 21. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.

Q: What are Harvard Ave Acquisition Corp's key financial metrics?

Harvard Ave Acquisition Corp has no P/E data available. Market cap: $186M.

NASDAQ Financial Services South Korea $186M

✗ NOT HALAL

Confidence: 95/100

Harvard Ave Acquisition Corp (HAVAU) 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 2024

Standard	Debt Ratio	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

-316.2

Current Ratio

0.0

Profitability

Gross Margin	0.0%
Operating Margin	0.0%
Net Margin	0.0%

Cash Flow & Balance Sheet

Total Debt	$132,721
Current Ratio	0.0
Total Assets	$216,817

Price & Trading

Last Close	$10.12
50-Day MA	$10.10
200-Day MA	$10.06
Avg Volume	2K
52-Week Range $9.98 $11.03

About Harvard Ave Acquisition Corp (HAVAU)

CEO

Mr. Sung Hyuk Lee

Sector

Financial Services

Industry

Shell Companies

Country

South Korea

Exchange

NASDAQ

Market Cap

$186M

Currency

USD

Harvard Ave Acquisition Corporation focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2024 and is based in Seoul, South Korea.

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Frequently Asked Questions

Is Harvard Ave Acquisition Corp (HAVAU) halal to invest in?

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

Harvard Ave 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 Harvard Ave Acquisition Corp's key financial metrics?

Harvard Ave Acquisition Corp has a market capitalization of $186M.

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.