Is ZeroStack Corp. (ZSTK) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Asset Management | ✗ NOT HALAL | |||
| DJIM | Excluded — Asset Management | ✗ NOT HALAL | |||
| MSCI | Excluded — Asset Management | ✗ NOT HALAL | |||
| S&P | Excluded — Asset Management | ✗ NOT HALAL | |||
| FTSE | Excluded — Asset Management | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 4.6% | |
| Operating Margin | -54.8% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -307.5% | |
| Return on Assets (ROA) | -9.3% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$9M |
| Free Cash Flow | -$9M |
| Total Debt | $54M |
| Debt-to-Equity | 76.4 |
| Current Ratio | 1.0 |
| Total Assets | $130M |
Price & Trading
| Last Close | $7.12 |
| 50-Day MA | $8.18 |
| 200-Day MA | $15.04 |
| Avg Volume | 92K |
| Beta | 2.0 |
|
52-Week Range
$5.77
| |
About ZeroStack Corp. (ZSTK)
ZeroStack Corp., through its subsidiary, Phatebo GmbH, engages in the pharmaceutical distribution business in Germany. It operates through Commercial & Wholesale and Digital Assets segments. The company distributes a range of pharmaceutical goods and medical products to treat various health indications, including drugs related to cancer therapies, attention-deficit/hyperactivity disorder, multiple sclerosis, and anti-depressants. It also operates as a decentralized AI treasury company that invests in the future of AI infrastructure through strategic ownership of 0G tokens. In addition, the company invests in early-stage companies. The company was formerly known as Flora Growth Corp. and changed its name to ZeroStack Corp. in January 2026. ZeroStack Corp. was incorporated in 2019 and is based in Toronto, Canada.
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Frequently Asked Questions
Is ZeroStack Corp. (ZSTK) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), ZeroStack 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 ZeroStack Corp.'s debt ratio?
ZeroStack 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 ZeroStack Corp.'s key financial metrics?
ZeroStack Corp. has a market capitalization of $15M, and revenue of $36M. Return on equity stands at -307.5%.
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.