ATCH – Atlasclear Holdings Inc

Not Compliant

Atlasclear Holdings Inc is not Shariah Compliant because of its involvement in Financial Transactions Processing, Reserve, and Clearinghouse Activities and related activities.

AtlasClear Holdings, Inc. is a technology-enabled financial services company. The Company offers a business-to-business platform for trading, clearing, settlement and banking of financial products with a focus on small and middle market financial services firms. It focuses on building a fully vertically integrated suite of cloud-based products, including account opening, trade execution, risk management, regulatory reporting, and settlement. It intends to offer clients the flexibility to choose from a variety of pre-built suites that serve a range of business models. It intends to target the client base for its banking and brokerage services, including financial services firms, including brokerage firms, hedge funds, pension plans, and family offices that are not adequately served by other correspondent clearing firms and banks. The Company is also engaged in providing full-service correspondent securities broker-dealer services through Wilson-Davis & Co., Inc. (Wilson-Davis).

AAOIFI ✗

Debt ÷ Market cap (MC)2.55
Non-Compliant Assets ÷ MC286.33
Impure Income (incl. Interest)52.8
Impure Income%
Interest Income52.8%
Total52.8%