Is QNC (QNC) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 0.0% / 30% | 0.2% / 30% | 0.0% / 30% | N/A | ✓ HALAL |
| DJIM | 0.0% / 33% | 0.2% / 33% | 0.0% / 33% | N/A | ✓ HALAL |
| MSCI | 2.5% / 33% | 77.9% / 33% | 2.5% / 33% | N/A | ✗ NOT HALAL |
| S&P | 0.0% / 33% | 0.2% / 33% | 0.0% / 33% | N/A | ✓ HALAL |
| FTSE | 2.5% / 33% | 77.9% / 33% | 2.5% / 50% | N/A | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 0.0% | |
| Operating Margin | 0.0% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -59.4% | |
| Return on Assets (ROA) | -36.9% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$2M |
| Free Cash Flow | -$2M |
| Total Debt | $46,352 |
| Debt-to-Equity | 0.2 |
| Current Ratio | 46.7 |
| Total Assets | $2M |
Price & Trading
| Last Close | $2.14 |
| 50-Day MA | $2.98 |
| 200-Day MA | $2.98 |
| Avg Volume | 497K |
| Beta | -3.5 |
|
52-Week Range
$1.90
| |
About QNC (QNC)
Quantum eMotion Corp. engages in the development of quantum-based cryptographic solutions in Canada. The company offers Sentry-Q, a cloud-based quantum-secure cybersecurity solution for high-speed data transmission; QRNG2, a quantum random number generator for cybersecurity; eWallet, a secure physical cryptocurrency storage; and QxEaaS, an advanced entropy as a service for secure communication. It develops quantum-safe communication solutions to various sectors, such as cybersecurity, healthcare, communications, blockchain, and cryptocurrencies, as well as develops and commercializes healthcare applications. The company has a strategic alliance with Jmem Technology for the development of quantum-resilient System-on-Chip. The company was formerly known as Quantum Numbers Corp. and changed its name to Quantum eMotion Corp. in June 2021. Quantum eMotion Corp. was incorporated in 2007 and is headquartered in Montreal, Canada.
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Frequently Asked Questions
Is QNC (QNC) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), QNC is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is QNC's debt ratio?
QNC'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 2.5%.
What are QNC's key financial metrics?
QNC has a market capitalization of $416M. Return on equity stands at -59.4%.
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.