Solowin Holdings, Ltd. (AXG) Financial Ratio Screen

NASDAQ Financial Services Hong Kong USD 24M
BUSINESS EXCLUSION FLAG*
Automated financial screen · activity assessed separately
Solowin Holdings, Ltd. (AXG) is potentially non-compliant because its supplied classification is Capital Markets. Companies operating in prohibited sectors such as conventional banking, insurance, alcohol, tobacco, and gambling are automatically excluded regardless of their financial ratios.

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MSCI new-inclusion financial-ratio snapshot

AXG financial screening at a glance

BUSINESS EXCLUSION FLAG*Financial ratios shown separately from business review — not a fatwa
Debt ratio
N/A
Not available vs 30%
Cash ratio
N/A
Not available vs 30%
Receivables + cash
N/A
Not available vs 30%
Impermissible income
N/A
Not available vs 5%

Calculation date: 2026-10-16. Financial period used: March 2026. The ratios are automated proxies inspired by published methodologies; they are not official index determinations.

Independent method comparison

What the available screens say

How MSCI, FTSE and S&P-style screens differ
Request this stock review
MSCI-styleBusiness exclusion flagSupplied classification requires attention
FTSE/Yasaar-styleBusiness exclusion flagSupplied classification requires attention
S&P-style provisionalNot yet availableRequired denominator or financial data is incomplete
Business activityBusiness exclusion flagSupplied sector or industry classification matched an exclusion
Complete screening result: not yet completeA complete result requires both supported financial criteria and adequate activity evidence. This site does not issue a fatwa or official index decision.
Financial periodMarch 2026Calculation date2026-10-16S&P-style historynot availableLast activity reviewnot yet reviewed

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Business activity evidence

Business exclusion flag

The supplied classification (Capital Markets) matches a prohibited-activity category.

Revenue segments: Not yet checked against an SEC annual filing.

Profile description reviewed: Solowin Holdings, an investment holding company, operates as a fintech company in Hong Kong. The company offers AX COIN, an enterprise-grade stablecoin issuance for regulated stablecoin issuance and B2B infrastructure for payments, treasury management, and tokenized assets settlement; Solomon VA+ platform for trading listed securities and derivative products; and trust services, company secretarial services, and related corporate administration solutions. It also provides FERION, an end-to-end RWA tokenization platform to tokenize traditional financial and real-world assets for financial institutions, asset managers, and corporations; AX ONE, an institutional-grade digital currency treasury center and payment infrastructure; KOVAR, an AI and Web4.0 infrastructure platform, such as KYA to identity, permission, behavior, and risk governance layer for AI agents operating in Web3 and enterprise environments; and KovaRouter, an enterprise AI model aggregation and intelligent routing platform. In addition, the company offers AgenPay, an AI-native payment layer for agentic payment infrastructure; AgentX, an AI-powered digital asset management platform; cross-border payment and settlement; private wealth management; end-to-end RWA tokenization, including structuring, issuance, and distribution; and treasury, custody, and payment orchestration, conversion and smart routing, and card programs. Further, it is involved in underwriting initial public offerings and facilitating SPAC mergers; provision of follow-ons, private placement, debt financing, and financial advisory solutions; securities brokerage and integrated investment solutions; and investment funds and managed accounts. Solowin Holdings was incorporated in 2021 and is based in Tsim Sha Tsui, Hong Kong.

Sources to verify: Secondary company profile and classification · Issuer website · SEC issuer filings

A sector label or company description can flag a risk but cannot establish a compliant-revenue percentage. Only sourced segment disclosures may support that calculation.

Published-ratio reproductions (not certifications)

The table shows implemented MSCI and FTSE/Yasaar-style asset-based models plus a provisional S&P-style debt and cash reconstruction where a complete 36-month denominator exists. These are independent calculations, not official index results or Shariah determinations. See formulas, sources and limitations.

Based on financial data from March 2026

Standard Debt Ratio Cash Ratio Receivables Income Status
MSCI Excluded — Capital Markets BUSINESS EXCLUSION FLAG*
FTSE Excluded — Capital Markets BUSINESS EXCLUSION FLAG*

Financial Highlights

EPS
currency unverified -0.12
Dividend Yield
0.0%
P/B Ratio
0.8
Revenue
USD 28M
Growth: 1078.4%
Beta
0.4
Low volatility
Current Ratio
1.5

Profitability

Gross Margin 98.2%
Operating Margin 38.0%
Net Margin -47.7%
Return on Equity (ROE) -89.1%
Return on Assets (ROA) -42.2%

Cash Flow & Balance Sheet

Operating Cash FlowUSD -15M
Free Cash FlowUSD -16M
Total DebtUSD 8M
Debt-to-Equity30.6
Current Ratio1.5
Total AssetsUSD 51M

Price & Trading

Last Close$0.10
50-Day MA$2.09
200-Day MA$3.26
Avg Volume3.4M
Beta0.4
52-Week Range
$0.10
$4.75

Financial data provenance and verification

The displayed fields were imported from yfinance on 2026-10-07 for the financial period March 2026. This is a secondary data feed and can differ from amended or newly filed statements.

Verification rule: check debt, cash, receivables, revenue and interest income against the latest primary filing before relying on an automated ratio.

About Solowin Holdings, Ltd. (AXG)

CEO
Mr. Ling Ngai Lok
Employees
80
Website
Sector
Financial Services
Industry
Capital Markets
Country
Hong Kong
Exchange
NASDAQ
Market Cap (listing currency)
USD 24M
Currency
USD

Solowin Holdings, an investment holding company, operates as a fintech company in Hong Kong. The company offers AX COIN, an enterprise-grade stablecoin issuance for regulated stablecoin issuance and B2B infrastructure for payments, treasury management, and tokenized assets settlement; Solomon VA+ platform for trading listed securities and derivative products; and trust services, company secretarial services, and related corporate administration solutions. It also provides FERION, an end-to-end RWA tokenization platform to tokenize traditional financial and real-world assets for financial institutions, asset managers, and corporations; AX ONE, an institutional-grade digital currency treasury center and payment infrastructure; KOVAR, an AI and Web4.0 infrastructure platform, such as KYA to identity, permission, behavior, and risk governance layer for AI agents operating in Web3 and enterprise environments; and KovaRouter, an enterprise AI model aggregation and intelligent routing platform. In addition, the company offers AgenPay, an AI-native payment layer for agentic payment infrastructure; AgentX, an AI-powered digital asset management platform; cross-border payment and settlement; private wealth management; end-to-end RWA tokenization, including structuring, issuance, and distribution; and treasury, custody, and payment orchestration, conversion and smart routing, and card programs. Further, it is involved in underwriting initial public offerings and facilitating SPAC mergers; provision of follow-ons, private placement, debt financing, and financial advisory solutions; securities brokerage and integrated investment solutions; and investment funds and managed accounts. Solowin Holdings was incorporated in 2021 and is based in Tsim Sha Tsui, Hong Kong.

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Frequently Asked Questions

Is Solowin Holdings, Ltd. (AXG) halal to invest in?

The current automated result is Financial criteria not met or an activity exclusion was detected. It uses available public financial fields and simplified methodology proxies. It is not a fatwa or an official determination by AAOIFI, DJIM, MSCI, S&P, or FTSE.

What is Solowin Holdings, Ltd.'s debt ratio?

Solowin Holdings, Ltd.'s debt ratio is not available in the MSCI new-inclusion reproduction: total debt divided by total assets, against a 30% threshold. See the methodology page for the official source and limitations.

What are Solowin Holdings, Ltd.'s key financial metrics?

Solowin Holdings, Ltd. has a market capitalization of USD 24M in its listing currency, and revenue of USD 28M. The company maintains a gross margin of 98.2% and a net margin of -47.7%. Return on equity stands at -89.1%.

How often is the screening data updated?

Calculation date: 2026-10-16. Financial period: March 2026. These dates are shown separately because regenerating this page does not refresh the underlying data.

Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.