Is SurgePays, Inc. (SURG) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 25.0% / 30% | 64.1% / 30% | 16.3% / 30% | 0.17% / 5% | ✗ NOT HALAL |
| DJIM | 25.0% / 33% | 64.1% / 33% | 16.3% / 33% | 0.17% / 5% | ✗ NOT HALAL |
| MSCI | 19.2% / 33% | 49.2% / 33% | 12.5% / 33% | 0.17% / 5% | ✗ NOT HALAL |
| S&P | 25.0% / 33% | 64.1% / 33% | 16.3% / 33% | 0.17% / 5% | ✗ NOT HALAL |
| FTSE | 19.2% / 33% | 49.2% / 33% | 12.5% / 50% | 0.17% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | -38.6% | |
| Operating Margin | -37.2% | |
| Net Margin | -83.4% | |
| Return on Equity (ROE) | -314.3% | |
| Return on Assets (ROA) | -88.7% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$21M |
| Free Cash Flow | -$22M |
| Total Debt | $5M |
| Current Ratio | 0.5 |
| Total Assets | $24M |
Price & Trading
| Last Close | $0.80 |
| 50-Day MA | $0.99 |
| 200-Day MA | $2.13 |
| Avg Volume | 241K |
| Beta | 0.3 |
|
52-Week Range
$0.73
| |
About SurgePays, Inc. (SURG)
SurgePays, Inc., together with its subsidiaries, operates as a financial technology and telecom company in the United States. It operates in two segments, Mobile Virtual Network Operator (MVNO) Telecommunications and Comprehensive Platform Services. The company offers mobile broadband solutions to consumers; ACH banking relationships and fintech transactions platform to convenience stores; prepaid wireless top-ups platform for convenience store clerks to handle top-ups for wireless brands; and transaction and marketing solutions. SurgePays, Inc. is headquartered in Bartlett, Tennessee.
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Frequently Asked Questions
Is SurgePays, Inc. (SURG) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), SurgePays, 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 SurgePays, Inc.'s debt ratio?
SurgePays, Inc.'s debt ratio is 25.0% 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 19.2%.
What are SurgePays, Inc.'s key financial metrics?
SurgePays, Inc. has a market capitalization of $18M, and revenue of $61M. The company maintains a gross margin of -38.6% and a net margin of -83.4%. Return on equity stands at -314.3%.
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.