Is SOL Strategies Inc. (STKE) Halal?
Shariah Screening — 5 Standards
Based on financial data from September 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Capital Markets | ✗ NOT HALAL | |||
| DJIM | Excluded — Capital Markets | ✗ NOT HALAL | |||
| MSCI | Excluded — Capital Markets | ✗ NOT HALAL | |||
| S&P | Excluded — Capital Markets | ✗ NOT HALAL | |||
| FTSE | Excluded — Capital Markets | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 100.0% | |
| Operating Margin | 254.5% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -71.6% | |
| Return on Assets (ROA) | -16.6% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$11M |
| Free Cash Flow | -$19M |
| Total Debt | $52M |
| Debt-to-Equity | 62.4 |
| Current Ratio | 0.1 |
| Total Assets | $170M |
Price & Trading
| Last Close | $1.09 |
| 50-Day MA | $1.46 |
| 200-Day MA | $4.91 |
| Avg Volume | 260K |
| Beta | 1.1 |
|
52-Week Range
$0.97
| |
About SOL Strategies Inc. (STKE)
Sol Strategies Inc. invests in and provides infrastructure for the Solana Blockchain ecosystem. The company operates validator nodes on several Proof of Stake blockchain networks, primarily Solana and SUI, enabling transaction validation and block proposals; cryptocurrency staking; delegating tokens to validators for passive rewards. The company was formerly known as Cypherpunk Holdings Inc. and changed its name to Sol Strategies Inc. in September 2024. Sol Strategies Inc. was incorporated in 2002 and is headquartered in Toronto, Canada.
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Frequently Asked Questions
Is SOL Strategies Inc. (STKE) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), SOL Strategies Inc. 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 SOL Strategies Inc.'s debt ratio?
SOL Strategies Inc.'s debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are SOL Strategies Inc.'s key financial metrics?
SOL Strategies Inc. has a market capitalization of $34M, and revenue of $14M. Return on equity stands at -71.6%.
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.