Is Signing Day Sports, Inc. (SGN) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 9.0% / 30% | 2.8% / 30% | 1.2% / 30% | 2.14% / 5% | ✓ HALAL |
| DJIM | 9.0% / 33% | 2.8% / 33% | 1.2% / 33% | 2.14% / 5% | ✓ HALAL |
| MSCI | 51.6% / 33% | 16.3% / 33% | 6.7% / 33% | 2.14% / 5% | ✗ NOT HALAL |
| S&P | 9.0% / 33% | 2.8% / 33% | 1.2% / 33% | 2.14% / 5% | ✓ HALAL |
| FTSE | 51.6% / 33% | 16.3% / 33% | 6.7% / 50% | 2.14% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 81.5% | |
| Operating Margin | -2840.2% | |
| Net Margin | 0.0% | |
| Return on Assets (ROA) | -357.7% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$3M |
| Free Cash Flow | -$3M |
| Total Debt | $575,354 |
| Current Ratio | 0.3 |
| Total Assets | $1M |
Price & Trading
| Last Close | $0.70 |
| 50-Day MA | $0.40 |
| 200-Day MA | $1.21 |
| Avg Volume | 54.4M |
| Beta | 7.3 |
|
52-Week Range
$0.11
| |
About Signing Day Sports, Inc. (SGN)
Signing Day Sports, Inc. operates a sports recruitment platform in the United States. The company offers Signing Day Sports, a sports recruitment platform that helps athletes get discovered and recruited by coaches and recruiters for various sports, such as football, baseball, softball, and men's and women's soccer. It serves student-athletes and their parents, high school and sports club coaches, college coaches, and professional scouts. Signing Day Sports, Inc. was founded in 2019 and is based in Scottsdale, Arizona.
Purification Calculator
As a halal stock with 2.14% impermissible income, you need to purify your dividends.
Related Halal Stocks in Technology
Frequently Asked Questions
Is Signing Day Sports, Inc. (SGN) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Signing Day Sports, Inc. is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Signing Day Sports, Inc.'s debt ratio?
Signing Day Sports, Inc.'s debt ratio is 9.0% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 51.6%.
Does Signing Day Sports, Inc. require dividend purification?
Yes, Signing Day Sports, Inc. has an impermissible income ratio of 2.14%, which means 2.14% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are Signing Day Sports, Inc.'s key financial metrics?
Signing Day Sports, Inc. has a market capitalization of $7M, and revenue of $615,551.
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.