Is The9 LTD (NCTY) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Capital Markets | ✗ NOT HALAL | |||
| DJIM | Excluded — Capital Markets | ✗ NOT HALAL | |||
| MSCI | Excluded — Capital Markets | ✗ NOT HALAL | |||
| S&P | Excluded — Capital Markets | ✗ NOT HALAL | |||
| FTSE | Excluded — Capital Markets | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | -12.1% | |
| Operating Margin | -111.5% | |
| Net Margin | -174.5% | |
| Return on Equity (ROE) | -38.2% | |
| Return on Assets (ROA) | -6.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$44M |
| Free Cash Flow | -$62M |
| Total Debt | $137M |
| Debt-to-Equity | 41.1 |
| Current Ratio | 1.5 |
| Total Assets | $637M |
Price & Trading
| Last Close | $5.23 |
| 50-Day MA | $5.99 |
| 200-Day MA | $7.90 |
| Avg Volume | 31K |
| Beta | 2.3 |
|
52-Week Range
$5.00
| |
About The9 LTD (NCTY)
The9 Limited operates as a cryptocurrency mining company in China, Eastern Europe, Asia, and North America. The company provides IT with technical services for the operation of computer software and related businesses, including the provision of systematic solutions for the operation of internet websites, the rental of computer and internet facilities, daily maintenance of internet servers and databases, the development and update of computer software, and other related technical and consulting services. It also develops and operates mobile and computer games, as well as publishes and services MIR M, an online game. The company was incorporated in 1999 and is headquartered in Shanghai, the People's Republic of China.
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Frequently Asked Questions
Is The9 LTD (NCTY) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), The9 LTD 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 The9 LTD's debt ratio?
The9 LTD's debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are The9 LTD's key financial metrics?
The9 LTD has a market capitalization of $80M, and revenue of $112M. The company maintains a gross margin of -12.1% and a net margin of -174.5%. Return on equity stands at -38.2%.
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.