Is NetClass Technology Inc (NTCL) Halal?
Shariah Screening — 5 Standards
Based on financial data from September 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 43.6% / 30% | 28.3% / 30% | 89.6% / 30% | 11.43% / 5% | ✗ NOT HALAL |
| DJIM | 43.6% / 33% | 28.3% / 33% | 89.6% / 33% | 11.43% / 5% | ✗ NOT HALAL |
| MSCI | 19.7% / 33% | 12.8% / 33% | 40.4% / 33% | 11.43% / 5% | ✗ NOT HALAL |
| S&P | 43.6% / 33% | 28.3% / 33% | 89.6% / 33% | 11.43% / 5% | ✗ NOT HALAL |
| FTSE | 19.7% / 33% | 12.8% / 33% | 40.4% / 50% | 11.43% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 22.9% | |
| Operating Margin | -73.2% | |
| Net Margin | -110.4% | |
| Return on Equity (ROE) | -240.4% | |
| Return on Assets (ROA) | -57.5% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$6M |
| Free Cash Flow | -$8M |
| Total Debt | $3M |
| Debt-to-Equity | 45.6 |
| Current Ratio | 1.3 |
| Total Assets | $14M |
Price & Trading
| Last Close | $0.36 |
| 50-Day MA | $0.34 |
| 200-Day MA | $1.11 |
| Avg Volume | 2.1M |
|
52-Week Range
$0.22
| |
About NetClass Technology Inc (NTCL)
NetClass Technology Inc, through its subsidiaries, provides online professional education platform and related courseware in the People's Republic of China, Hong Kong, Singapore, Japan, and the Cayman Islands. Its solutions modules include teaching management, campus management, online teaching, online examination, control, data storage and computing system, EDC blockchain system, and lecturer evaluation services. The company also offers smart education information technology (IT) solutions to schools, training institutions, corporations, public agencies, other institutions, and corporate customers; and software as a service (SaaS) subscription service and application development services. In addition, it provides NetClass mobile learning platforms for online leaning; artificial intelligence assisted online education systems; and IT consulting and data analysis solutions. The company was incorporated in 2022 and is headquartered in Singapore. NetClass Technology Inc operates as a subsidiary of Dragonsoft Holding Limited.
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Frequently Asked Questions
Is NetClass Technology Inc (NTCL) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), NetClass Technology Inc 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 NetClass Technology Inc's debt ratio?
NetClass Technology Inc's debt ratio is 43.6% 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 19.7%.
What are NetClass Technology Inc's key financial metrics?
NetClass Technology Inc has a market capitalization of $9M, and revenue of $10M. The company maintains a gross margin of 22.9% and a net margin of -110.4%. Return on equity stands at -240.4%.
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.