Is STARRY SEA ACQUISITION CORP (SSEA) Halal?

NASDAQ Financial Services United States $77M
✗ NOT HALAL
Confidence: 95/100
STARRY SEA ACQUISITION CORP (SSEA) 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 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
2.3

Profitability

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

Cash Flow & Balance Sheet

Total Debt$6,974
Total Assets$25,000

Price & Trading

Last Close$10.14
50-Day MA$10.10
200-Day MA$10.04
Avg Volume6K
52-Week Range
$9.93
$10.14

About STARRY SEA ACQUISITION CORP (SSEA)

CEO
Ms. Yan Liang
Sector
Financial Services
Industry
Shell Companies
Country
United States
Exchange
NASDAQ
Market Cap
$77M
Currency
USD

Starry Sea Acquisition Corp focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2024 and is based in Albany, New York.

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Frequently Asked Questions

Is STARRY SEA ACQUISITION CORP (SSEA) halal to invest in?

Based on our screening using AAOIFI Standard 21 (the strictest methodology), STARRY SEA 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 STARRY SEA ACQUISITION CORP's debt ratio?

STARRY SEA 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 STARRY SEA ACQUISITION CORP's key financial metrics?

STARRY SEA ACQUISITION CORP has a market capitalization of $77M.

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.