SKYX Platforms Corp. provides a series of safe-smart platform technologies that enable light fixtures, ceiling fans, and other electrically wired products to be installed into a ceiling's electrical outlet box. Its second-generation technology is designed to enhance safety and lifestyle of homes and other buildings, offering power-plugs, universal power-plug and receptacle products, and smart products. The company, formerly known as SQL Technologies Corp., was incorporated in 2004 and is headquartered in Pompano Beach, Florida.
Frequently asked questions
Is SKYX Platforms Corp. (SKYX) stock halal to invest in?
Yes. As of , SKYX is Shariah-compliant under AAOIFI standards, so it is considered halal to invest in. SKYX Platforms Corp. passes both the business screen and the financial screen: its revenue from impermissible activities, its interest-bearing debt and its interest-bearing securities are all within AAOIFI limits, based on its most recent financial reports.
Does SKYX Platforms Corp. have any interest income?
No, SKYX Platforms Corp. has not reported any interest income. According to the company's latest annual
report for the fiscal year ending Dec 31, 2025, SKYX Platforms Corp. reported total revenue
of 92009949, with no separate interest income disclosed. However,
it's worth noting that some companies may report interest income as part of their revenue. For a detailed
breakdown of all interest income and revenue segments, please refer to the full Shariah compliance
report available in the Zoya app.
What guidelines are used to determine if SKYX Platforms Corp. stock is Shariah-compliant?
We use the guidelines set by the Accounting and Auditing Organization for Islamic Financial Institutions
(AAOIFI) to assess Shariah compliance. AAOIFI is a leading international organization that establishes
standards for Islamic finance. Their guidelines help determine if a company's business activities and
financial structure align with Islamic principles. These standards are widely respected in the Islamic
finance industry and provide a consistent framework for evaluating the Shariah compliance of stocks and
other financial instruments. AAOIFI's Shariah board includes renowned scholars such as Sheikh Muhammad
Taqi Usmani, Sheikh Mohamed Ali Elgari, Sheikh Abdullah AlManea, Sheikh Nizam Yaquby, and Dr. Aznan Hassan.
How often is SKYX Platforms Corp. stock reviewed for Shariah compliance?
The Shariah compliance status of SKYX Platforms Corp. stock is reviewed on a regular basis, with a minimum
frequency of once per quarter. However, if there are any significant changes or major developments
in the company's operations that may impact its compliance, an immediate review will be conducted to
ensure ongoing adherence to Shariah principles.
How can I stay updated on SKYX Platforms Corp.'s compliance status?
To stay informed, we recommend regularly checking Zoya for updates. You can also enable alerts within
the Zoya app to receive notifications whenever there is a change in the Shariah compliance of SKYX,
or any other stocks you are monitoring. This is particularly useful as Shariah compliance can fluctuate
due to changes in a company's financial ratios or business activities.
Are dividends from SKYX Platforms Corp. stock considered halal?
Yes, dividends from SKYX are considered halal. However, you may need to purify a portion of the
dividend if the company has any impermissible revenue. Shariah standards typically allow up to 5% of
revenue from impermissible sources for a stock to remain compliant. To find the exact percentage of
impermissible revenue for SKYX Platforms Corp. (SKYX), check the Zoya app. For more details on the
purification process, read
our comprehensive guide.
Do I need to pay Zakat on my SKYX Platforms Corp. shares?
If you hold SKYX Platforms Corp. stock as an investment, through an Employee Stock Ownership
Plan (ESOP), stock options, restricted stock units (RSUs), or any other form of stock ownership, and
meet the Nisab threshold, you may be required to pay Zakat on it. The calculation of Zakat on investments
can be complex and depends on various factors. To help make this easy, we've created a free
Zakat calculator for stocks. For a more
seamless experience, use the Zoya mobile app, where you can link your brokerage account to
automatically import holdings.
How to buy SKYX Platforms Corp. (SKYX) stock on Zoya
Sign up for a free Zoya account It’s easy to get started. You can sign up for an account directly on our website or by downloading the Zoya app for iOS or Android.
Link a brokerage account Zoya partners with leading brokerages like Alpaca and others for a seamless way to buy and manage stocks through Zoya.
Decide how much to invest Navigate to the search screen and type the name of the stock into the search bar. Then, click the buy button and input the amount you'd like to invest, either in terms of dollars or number of shares. Review the real-time stock price and estimated quantity of shares before confirming your investment.
Manage your portfolio in one place You can find your newly purchased stock in your Zoya portfolio alongside the rest of your holdings. Enable alerts to get notified of any changes in your portfolio's Shariah compliance.
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