What is Agora, Inc.'s Shariah compliance score?

Agora, Inc.'s (API) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Agora, Inc. pass AAOIFI screening?

Agora, Inc. (API) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (API: 20.3%), (3) interest-bearing deposits below 30% (API: 54.2%), and (4) prohibited income below 5% (API: 10.7%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Agora, Inc. stock?

Agora, Inc. (API) has a non-permissible income ratio of 10.67%. Muslim investors should purify this percentage of any dividends received and capital gains realized from API shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Agora, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Agora, Inc. (API) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about API's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

Is Agora, Inc. (API) halal? Not Halal. Based on AAOIFI screening, Agora, Inc. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

API: Is Agora, Inc. Halal?

Not Halal

Agora, Inc.

NASDAQTechnologyCN

$4.50

+0.67%

AvoidBorderlineClean

About Agora, Inc.

Agora, Inc. operates globally, with a presence in China, the U.S., and other international markets, by delivering a Real-Time Engagement Platform-as-a-Service (RTE-PaaS). Through this platform, the company furnishes software development tools that enable developers to seamlessly integrate real-time video, voice, and messaging capabilities into their applications. Its primary offerings include solutions for video calling, voice calling, interactive live streaming, chat functionalities, and signaling. Furthermore, Agora provides acceleration products and a comprehensive set of extensions—such as interactive whiteboards, recording features, analytics, and an extensions marketplace—designed to facilitate the deployment of real-time engagement in diverse specific use cases and industry verticals. The company also broadens its product portfolio with "Flexible Classroom," a low-code Platform as a Service (PaaS) for application development, and "App Builder," a completely no-code application creation platform. All of its real-time engagement products are delivered via Agora's proprietary Software-Defined Real-Time Network (SDRTN), a virtual network overlay constructed atop the existing public internet infrastructure. Agora caters to a wide spectrum of industries, including social media, entertainment, gaming, education, enterprise solutions, e-commerce, financial services, healthcare, and the Internet of Things (IoT). Established in 2013, Agora, Inc. is headquartered in Shanghai, People's Republic of China.

Sector: Technology · Industry: Software - Application

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 12, 2026

Non-Compliant

Fails Shariah screening

0Score

Business Activity Screen

Passed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Financial Ratio Screen

Failed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap20.3% / 30.0%

Compliance History

Not Halal, unchanged since Jun 2026.

No status changes recorded since we began tracking.

Tracked since Jun 2026. Updates automatically on each re-screen.

Screened: Jun 12, 2026Fiscal: FY 2025Source: FMP

Financial Overview

Market Cap

405.5M

Price

$4.50

Sector

Technology

Industry

Software - Application

Halal Alternatives in Technology

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

UIA+

Ubiquiti Inc.

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Red Cat Holdings, Inc.

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Platinum Analytics Cayman Limited Class A Ordinary Shares

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Frequently Asked Questions

Is Agora, Inc. (API) halal to invest in?

Agora, Inc. (API) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.

Why did Agora, Inc. get a F compliance rating?

Agora, Inc. (API) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 20.3% (limit 30%); interest-bearing deposits of 54.2% (limit 30%); prohibited income of 10.67% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Agora, Inc.'s Shariah verdict?

Agora, Inc.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.

How often is Agora, Inc. re-screened for Shariah compliance?

Agora, Inc. (API) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jun 12, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.