What is Joint Stock Company Kaspi.kz's Shariah compliance score?

Joint Stock Company Kaspi.kz's (KSPI) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Joint Stock Company Kaspi.kz pass AAOIFI screening?

Joint Stock Company Kaspi.kz (KSPI) 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% (KSPI: 2973.9%), (3) interest-bearing deposits below 30% (KSPI: 13008.6%), and (4) prohibited income below 5% (KSPI: 39.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Joint Stock Company Kaspi.kz stock?

Joint Stock Company Kaspi.kz (KSPI) has a non-permissible income ratio of 39.03%. Muslim investors should purify this percentage of any dividends received and capital gains realized from KSPI 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 Joint Stock Company Kaspi.kz for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Joint Stock Company Kaspi.kz (KSPI) 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 KSPI's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

Is Joint Stock Company Kaspi.kz (KSPI) halal? Not Halal. Based on AAOIFI screening, Joint Stock Company Kaspi.kz passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

KSPI: Is Joint Stock Company Kaspi.kz Halal?

Not Halal

Joint Stock Company Kaspi.kz

NASDAQTechnologyKZ

$88.64

-1.70%

AvoidBorderlineClean

About Joint Stock Company Kaspi.kz

Joint Stock Company Kaspi.kz, together with its subsidiaries, provides payments, marketplace, and fintech solutions for consumers and merchants in the Republic of Kazakhstan. It operates through three segments: Payments Platform, Marketplace Platform, and Fintech Platform. The Payments Platform segment facilities transactions between customers and merchants. This segment offers shopping transactions, regular household bills, and peer to peer payments for consumers; accepts payment online and in store, issue and settle invoices, pay suppliers and monitor merchant turnover. It also provides proprietary data facilities informed decision making across multiple areas of business. Its Marketplace Platform segment connects online, and offline merchants and consumers enabling merchants to enhance its sales through an omni channel strategy and enable consumers to buy products and services from various merchants. This segment also operates marketplace through m-commerce, a mobile solution for shopping in person which consumers can use e-commerce to shop anywhere, anytime with free delivery; Kaspi Travel allows consumers to book domestic and international flights and package holidays, domestic rail tickets. It also enhances merchants sales by connecting payments and fintech products, Kapsi advertising, and other delivery services. The Fintech Platform segment provides consumers with BNPL, finance, and savings products and merchants with merchant finance services through super apps and Kapsi.kz Super app. It also involved in the banking; distressed asset management; real estate business; payment processing; online travel; and storage and processing of information services. The company was incorporated in 2008 and is headquartered in Almaty, the Republic of Kazakhstan.

Sector: Technology · Industry: Software - Infrastructure

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 18, 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 Cap2973.9% / 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 18, 2026Fiscal: FY 2025Source: FMP

Financial Overview

Market Cap

16.8B

Price

$88.64

Sector

Technology

Industry

Software - Infrastructure

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.

$608.16

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RCATA+

Red Cat Holdings, Inc.

$12.68

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PLTSA+

Platinum Analytics Cayman Limited Class A Ordinary Shares

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0005.KLA+

UCrest Bhd

$0.07

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0008.KLA+

Willowglen MSC Bhd

$0.30

+0.00%

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MSFT

Microsoft Corporation

A+

GOOGL

Alphabet Inc.

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AAPL

Apple Inc.

A+

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Frequently Asked Questions

Is Joint Stock Company Kaspi.kz (KSPI) halal to invest in?

Joint Stock Company Kaspi.kz (KSPI) 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 Joint Stock Company Kaspi.kz get a F compliance rating?

Joint Stock Company Kaspi.kz (KSPI) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 2973.9% (limit 30%); interest-bearing deposits of 13008.6% (limit 30%); prohibited income of 39.03% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Joint Stock Company Kaspi.kz's Shariah verdict?

Joint Stock Company Kaspi.kz'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 Joint Stock Company Kaspi.kz re-screened for Shariah compliance?

Joint Stock Company Kaspi.kz (KSPI) 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 18, 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.