Is SBET (SharpLink Gaming Ltd.) Halal or Haram?

Based on our AAOIFI-standard shariah screening, SBET is Not Halal (Haram) and is not considered permissible for Muslim investors. It failed 1 of 4 compliance screens. SharpLink Gaming Ltd.'s core business activity was found to be non-compliant.

SharpLink Gaming Ltd. operates as a specialized technology company acting as a bridge between sports fans and the betting industry. Through its proprietary C4 platform, the company collects data on sports enthusiasts to connect them with contextual betting content, effectively converting casual fans into active customers for sportsbooks and iGaming operators . Their operations span affiliate marketing services in the US and internationally, alongside providing sports betting data to media publishers. For Muslim investors, SBET is classified as Not Halal (Haram) and must be avoided. Despite passing all three financial screens—including debt and liquidity ratios—the company fails the most critical test: Business Activity. Because the company's primary purpose is to facilitate, promote, and profit from gambling activities (specifically sports betting), it violates the core Islamic prohibition against * maysir* (gambling). Financially, the company actually maintains a very clean balance sheet that would typically be attractive to Shariah-conscious investors. They currently hold 0.0% interest-bearing debt relative to their market cap, and their interest income is well within the 5% purification threshold at just 1.6 5%. However, in Islamic finance, excellent financial health cannot override a non-compliant business model; a company promoting forbidden activities remains haram regardless of its debt levels. Investors should note that there is no nuance or scholarly debate regarding this specific stock. The prohibition on gambling extends to businesses that directly facilitate or market it, making SharpLink's role as a betting affiliate clearly impermissible. Muslim investors seeking exposure to the technology or sports sectors should look for companies that do not derive revenue from wagering or iGaming ecosystems. SharpLink Gaming Ltd. operates in the Consumer Cyclical sector under the Gambling, Resorts & Casinos industry and is headquartered in Minneapolis, MN, US. The company is led by CEO Joseph Chalom and employs approximately 5 people.

SBET 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. SBET passed 3 of these 4 screens.

SBET 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.