Can Muslims invest in CAST?

Yes, CAST passes all four shariah compliance screens (business activity, debt ratio, interest income, and cash/securities ratio) and is considered permissible for Muslim investors.

What shariah screening criteria were used for CAST?

CAST was screened using AAOIFI-based criteria: (1) Business activity — must not derive primary income from haram activities, (2) Debt-to-market-cap ratio must be ≤33%, (3) Interest income must be ≤5% of revenue, (4) Cash & interest-bearing securities must be ≤33% of market cap. CAST passed 4 of these 4 screens.

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Is CAST (FreeCast, Inc. Class A Common Stock) Halal or Haram?

Q: Is CAST (FreeCast, Inc. Class A Common Stock) stock halal?

Based on our AAOIFI-standard screening, CAST is classified as Halal. FreeCast easily passes all AAOIFI shariah screens, making it a fully halal investment option. The company operates with minimal leverage, showing a debt-to-market cap ratio of just 2.4%, well below the 33% limit. Additionally, it generates zero interest income, ensuring its revenue streams remain clean from riba.

NASDAQ Global MarketTechnologySoftware - Application$104.7M2026-04-27

CAST is Halal4/4 screens passed

FreeCast easily passes all AAOIFI shariah screens, making it a fully halal investment option. The company operates with minimal leverage, showing a debt-to-market cap ratio of just 2.4%, well below the 33% limit. Additionally, it generates zero interest income, ensuring its revenue streams remain clean from riba.

Price Chart (5D)

$1.60-0.49 (-23.44%)

2026-05-082026-04-30

CAST — Last 7 Days

Date	Open	High	Low	Close	Volume	Change
2026-05-08	1.83	1.83	1.59	1.60	197K	-12.38%
2026-05-07	1.83	1.89	1.69	1.77	127K	-3.28%
2026-05-06	1.97	2.04	1.80	1.85	89K	-6.09%
2026-05-05	1.88	2.09	1.70	2.00	345K	+6.38%
2026-05-04	2.08	2.11	1.87	1.93	137K	-7.21%
2026-05-01	2.09	2.22	2.06	2.12	78K	+1.44%
2026-04-30	2.21	2.40	2.00	2.09	166K	-5.43%

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Shariah Screening Details for CAST

Business Activity

Permissible

FreeCast's business activity is permissible as providing an aggregated platform for streaming video, radio, and online games does not inherently violate Islamic principles, passing the sector screen.

Debt / Market Cap

2.42%

Debt: $2.5MThreshold: ≤33%

Interest Income

0.00%

Interest: $0Threshold: ≤5%

Cash & Securities

4.98%

Cash: $5.2MThreshold: ≤33%

About FreeCast, Inc. Class A Common Stock (CAST)

For Muslim investors, CAST is currently classified as a Halal investment, successfully passing all four AAOIFI screening criteria. This means the core business of software application and content streaming is permissible, and the company maintains strictly compliant financial practices.

From an Islamic finance perspective, FreeCast boasts exceptionally clean financials with a debt-to-market cap ratio of only 2.4% and cash reserves at 5.0%. Most notably, the company reports 0.00% interest income, meaning investors do not have to worry about purifying their returns from riba-based earnings.

While the technology platform itself is compliant, Muslim investors should occasionally monitor the types of aggregated content and games hosted on FreeCast to ensure the majority of the library continues to align with general Islamic moral standards.

CEO

William A. Mobley Jr.

Employees

IPO Date

2026-03-10

Headquarters

Orlando, FL, US

Website

www.freecast.com

CAST Key Financial Statistics

Revenue

$507,920

Net Income

$-12.4M

EPS (Diluted)

$-0.43

Stock Price

2.72

Beta

—

52-Week Range

1.63-33

Total Debt

$2.5M

Total Equity

$-117.7M

Current Ratio

4.14

CAST Financial Health & Profitability

Profit Margins

Gross Margin33.7%

Operating Margin-2112.3%

Net Margin-2450.4%

Revenue Growth (YoY)

+0.1%

Prior year: $507,200

Net Cash

$2.7M

Cash: $5.2M — Debt: $2.5M

Frequently Asked Questions About CAST

Is CAST (FreeCast, Inc. Class A Common Stock) stock halal to invest in?▾

Based on our AAOIFI-standard shariah screening, CAST 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 (2.42% vs ≤33% threshold), interest income ratio (0.00% vs ≤5% threshold), and cash & securities ratio (4.98% vs ≤33% threshold).

What does FreeCast, Inc. Class A Common Stock do?▾

FreeCast, Inc. operates a comprehensive cloud entertainment platform that aggregates a massive library of online video content. The Orlando-based company provides users with access to free and pay-per-view video-on-demand, streaming channels, live events, radio stations, and online games. For Muslim investors, CAST is currently classified as a Halal investment, successfully passing all four AAOIFI screening criteria. This means the core business of software application and content streaming is permissible, and the company maintains strictly compliant financial practices. From an Islamic finance perspective, FreeCast boasts exceptionally clean financials with a debt-to-market cap ratio of only 2.4% and cash reserves at 5.0%. Most notably, the company reports 0.00% interest income, meaning investors do not have to worry about purifying their returns from riba-based earnings. While the technology platform itself is compliant, Muslim investors should occasionally monitor the types of aggregated content and games hosted on FreeCast to ensure the majority of the library continues to align with general Islamic moral standards. FreeCast, Inc. Class A Common Stock operates in the Technology sector under the Software - Application industry and is headquartered in Orlando, FL, US. The company is led by CEO William A. Mobley Jr. and employs approximately 48 people.

What screening criteria were used for CAST?▾

CAST 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. CAST passed 4 of these 4 screens.

Does CAST require income purification?▾

CAST 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.

When was CAST last screened?▾

CAST was last screened on 2026-04-27. 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.

Disclaimer

This shariah compliance assessment for CAST (FreeCast, Inc. Class A Common Stock) is provided for informational purposes only and does not constitute financial, investment, or religious advice. Screening criteria are based on widely accepted AAOIFI standards, but individual scholars may differ in their opinions. Always consult with a qualified Islamic scholar and licensed financial advisor before making investment decisions. Past screening status does not guarantee future compliance. Last screened: 2026-04-27.

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