Is AsiaStrategy (SORA) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 11.1% / 30% | 5.7% / 30% | 0.1% / 30% | 0.01% / 5% | ✓ HALAL |
| DJIM | 11.1% / 33% | 5.7% / 33% | 0.1% / 33% | 0.01% / 5% | ✓ HALAL |
| MSCI | 78.1% / 33% | 39.8% / 33% | 0.4% / 33% | 0.01% / 5% | ✗ NOT HALAL |
| S&P | 11.1% / 33% | 5.7% / 33% | 0.1% / 33% | 0.01% / 5% | ✓ HALAL |
| FTSE | 78.1% / 33% | 39.8% / 33% | 0.4% / 50% | 0.01% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 7.5% | |
| Operating Margin | -11.9% | |
| Net Margin | -2.8% | |
| Return on Equity (ROE) | -9.5% | |
| Return on Assets (ROA) | -1.2% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$462,995 |
| Free Cash Flow | -$462,995 |
| Total Debt | $5M |
| Debt-to-Equity | 58.2 |
| Current Ratio | 5.8 |
| Total Assets | $7M |
Price & Trading
| Last Close | $1.80 |
| 50-Day MA | $2.10 |
| 200-Day MA | $4.33 |
| Avg Volume | 138K |
|
52-Week Range
$1.57
| |
About AsiaStrategy (SORA)
AsiaStrategy, together with its subsidiaries, engages in trading, distribution, and retail of luxury watches in Hong Kong. The company sells its products under the Omega, Cartier, Rolex, Longines, Audermars Piguet, Patek Philippe, Blancpain, Casio, Breguet, and Hublot brands. It serves business-to-business (B2B) customers including distributors, independent watch dealers, and retail sellers. AsiaStrategy was formerly known as Top Win International Limited and changed its name to AsiaStrategy in August 2025. The company was founded in 2001 and is based in Wan Chai, Hong Kong. AsiaStrategy is a subsidiary of Pride River Limited.
Purification Calculator
As a halal stock with 0.01% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is AsiaStrategy (SORA) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), AsiaStrategy 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 AsiaStrategy's debt ratio?
AsiaStrategy's debt ratio is 11.1% 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 78.1%.
Does AsiaStrategy require dividend purification?
Yes, AsiaStrategy has an impermissible income ratio of 0.01%, which means 0.01% 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 AsiaStrategy's key financial metrics?
AsiaStrategy has a market capitalization of $44M, and revenue of $18M. The company maintains a gross margin of 7.5% and a net margin of -2.8%. Return on equity stands at -9.5%.
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.