Is RenX Enterprises Corp. (RENX) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 184.9% / 30% | 5.4% / 30% | 17.4% / 30% | 5.83% / 5% | ✗ NOT HALAL |
| DJIM | 184.9% / 33% | 5.4% / 33% | 17.4% / 33% | 5.83% / 5% | ✗ NOT HALAL |
| MSCI | 80.0% / 33% | 2.3% / 33% | 7.5% / 33% | 5.83% / 5% | ✗ NOT HALAL |
| S&P | 184.9% / 33% | 5.4% / 33% | 17.4% / 33% | 5.83% / 5% | ✗ NOT HALAL |
| FTSE | 80.0% / 33% | 2.3% / 33% | 7.5% / 50% | 5.83% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 26.4% | |
| Operating Margin | -66.3% | |
| Net Margin | -277.3% | |
| Return on Equity (ROE) | -983.2% | |
| Return on Assets (ROA) | -25.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$3M |
| Free Cash Flow | -$4M |
| Total Debt | $10M |
| Debt-to-Equity | 1309.5 |
| Current Ratio | 0.1 |
| Total Assets | $13M |
Price & Trading
| Last Close | $1.82 |
| 50-Day MA | $2.89 |
| 200-Day MA | $15.19 |
| Avg Volume | 31.1M |
| Beta | 3.9 |
|
52-Week Range
$1.51
| |
About RenX Enterprises Corp. (RENX)
RenX Enterprises Corp. operates as a real estate development and environmental solutions company. The company engages in the production and distribution of engineered soil blends, mulch, and related products, supported by equipment and logistics capabilities used for collection, transport, and delivery. It specializes in engineered soils, mulch production, and materials processing including compost, soil, and mulch. The company's primary operations consist of an environmental processing and logistics platform and processing of source-separated green waste. It also develops a logistics platform that provides transportation services across biomass, solid waste, and recyclable materials, supporting both internal operations and third-party infrastructure. Additionally, the company develops single and multi-family housing. The company serves banks, institutions, home builders, clients, agents, vendors, gig workers, and insurers, as well as the real estate, customer service, and administrative automation industries. The company was formerly known as Safe and Green Development Corporation and changed its name to RenX Enterprises Corp.in December 2025. The company was incorporated in 2021 and is headquartered in Miami, Florida.
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Frequently Asked Questions
Is RenX Enterprises Corp. (RENX) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), RenX Enterprises Corp. 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 RenX Enterprises Corp.'s debt ratio?
RenX Enterprises Corp.'s debt ratio is 184.9% 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 80.0%.
What are RenX Enterprises Corp.'s key financial metrics?
RenX Enterprises Corp. has a market capitalization of $4M, and revenue of $207,552. The company maintains a gross margin of 26.4% and a net margin of -277.3%. Return on equity stands at -983.2%.
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.