Is BULL (Webull Corporation Class A Ordinary Shares) Halal or Haram?

Based on our AAOIFI-standard shariah screening, BULL is Halal and considered permissible for Muslim investors. It passed all 4 of 4 compliance screens including business activity review, debt-to-market-cap ratio (0.51% vs ≤33% threshold), interest income ratio (0.00% vs ≤5% threshold), and cash & securities ratio (12.57% vs ≤33% threshold).

Webull Corporation is a prominent player in the fintech space, operating a digital investment platform that rivals established brokers like Robinhood. Its core offering is a mobile-first trading app that provides retail investors with access to global financial markets, real-time market data, and comprehensive charting tools. Beyond basic stock trading, the platform also distributes wealth management products and fosters a user community for investor education, positioning itself as a holistic financial ecosystem rather than just a transaction portal. For Muslim investors seeking technology exposure, Webull (BULL) currently stands as a fully Shariah-compliant option based on AAOIFI standards. The stock successfully passed all four critical screening criteria, earning a 'Halal' status without any borderline metrics. This is significant because many fintech companies often struggle with the interest income screen due to margin lending or cash management practices , but Webull's current financial reporting keeps it well within permissible limits. From a financial health perspective, the company's balance sheet is particularly attractive for halal portfolios. With a debt-to-market cap ratio of only 0 .5%, the company is virtually debt-free, eliminating concerns about impermissible leverage. Furthermore, the reported interest income is 0.00% of revenue, and its liquid assets (cash and securities) account for 12.6% of its market cap, ensuring it remains far below the 33% threshold for cash hoarding. Investors should, however, remain vigilant regarding future revenue streams. As a brokerage, if Webull expands its margin lending business or begins earning significant interest on uninvested client cash, its interest income ratio could rise. Regular quarterly monitoring is essential to ensure the company maintains this pristine compliance status as it scales its financial product offerings. Webull Corporation Class A Ordinary Shares operates in the Technology sector under the Software - Application industry and is headquartered in St. Petersburg​, FL, US. The company is led by CEO Anquan Wang and employs approximately 1,194 people.

BULL was screened using AAOIFI-based shariah compliance criteria. Four tests are applied: (1) Business Activity — the company's core business must not derive primary income from haram (prohibited) activities such as alcohol, gambling, tobacco, or interest-based finance. (2) Debt-to-Market-Cap — total debt must not exceed 33% of market capitalization. (3) Interest Income — interest income must not exceed 5% of total revenue. (4) Cash & Securities — cash and interest-bearing securities must not exceed 33% of market cap. BULL passed 4 of these 4 screens.

BULL has negligible interest income, so purification may not be necessary. However, it is always advisable to consult a qualified scholar regarding your specific investment situation.

BULL was last screened on 2026-02-25. Shariah compliance status can change as companies report new financial data, acquire new businesses, or shift revenue streams. We recommend checking back periodically for the most up-to-date screening results.