Is MI (MI) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 0.0% / 30% | 128.7% / 30% | 0.0% / 30% | 30.71% / 5% | ✗ NOT HALAL |
| DJIM | 0.0% / 33% | 128.7% / 33% | 0.0% / 33% | 30.71% / 5% | ✗ NOT HALAL |
| MSCI | 0.0% / 33% | 95.0% / 33% | 0.0% / 33% | 30.71% / 5% | ✗ NOT HALAL |
| S&P | 0.0% / 33% | 128.7% / 33% | 0.0% / 33% | 30.71% / 5% | ✗ NOT HALAL |
| FTSE | 0.0% / 33% | 95.0% / 33% | 0.0% / 50% | 30.71% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 71.0% | |
| Operating Margin | -180.5% | |
| Net Margin | -120.8% | |
| Return on Equity (ROE) | -1.0% | |
| Return on Assets (ROA) | -0.6% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$1M |
| Free Cash Flow | -$1M |
| Debt-to-Equity | 25.0 |
| Current Ratio | 18.1 |
| Total Assets | $87M |
Price & Trading
| Last Close | $0.30 |
| 50-Day MA | $3.46 |
| 200-Day MA | $3.40 |
| Avg Volume | 392K |
| Beta | 1.5 |
|
52-Week Range
$0.26
| |
About MI (MI)
NFT Limited, through its subsidiaries, operates an electronic online platform for artists, art dealers, and art investors to offer and trade in artwork in the form of non-fungible token (NFT) primarily in the People's Republic of China. The company's electronic online platform, nftoeo.com offers online listing and trading services that allow artists/art dealers/owners to access art trading market where they can engage with a range of investors, as well as invests in artwork. It also offers NFT online trading platform supports multi-category product uploads. The company also provides NFT consulting services. It serves traders, original owners, and offering agents. NFT Limited is based in Sha Tin, Hong Kong.
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Frequently Asked Questions
Is MI (MI) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), MI is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is MI's debt ratio?
MI's debt ratio is 0.0% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 0.0%.
What are MI's key financial metrics?
MI has a market capitalization of $5M, and revenue of $740,701. The company maintains a gross margin of 71.0% and a net margin of -120.8%. Return on equity stands at -1.0%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
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.