Is XChange TEC.INC (XHG) Halal?
Shariah Screening — 5 Standards
Based on financial data from September 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Insurance Brokers | ✗ NOT HALAL | |||
| DJIM | Excluded — Insurance Brokers | ✗ NOT HALAL | |||
| MSCI | Excluded — Insurance Brokers | ✗ NOT HALAL | |||
| S&P | Excluded — Insurance Brokers | ✗ NOT HALAL | |||
| FTSE | Excluded — Insurance Brokers | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 2.2% | |
| Operating Margin | -10.9% | |
| Net Margin | -204.9% | |
| Return on Assets (ROA) | -5.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$11,698 |
| Free Cash Flow | -$11,698 |
| Total Debt | $701M |
| Current Ratio | 0.0 |
| Total Assets | $69M |
Price & Trading
| Last Close | $0.91 |
| 50-Day MA | $0.88 |
| 200-Day MA | $1.08 |
| Avg Volume | 10K |
| Beta | -1.0 |
|
52-Week Range
$0.65
| |
About XChange TEC.INC (XHG)
XChange TEC.INC, together with its subsidiaries, engages in the insurance agency and insurance technology businesses primarily to individual end consumers in the People's Republic of China. The company provides a various insurance products underwritten by insurance companies, including industry state-owned property and casualty insurance companies, as well as certain regional property and casualty insurance companies. It offers automobile, life, health, group accident, and other property related insurance products. In addition, the company operates a SaaS platform to offers comprehensive services to offline and online customers. It sells insurance primarily through a network of external referral sources that include external registered sales representatives, distribution channel partners, and through its in-house sales force. The company was formerly known as FLJ Group Limited and changed its name to XChange TEC.INC in May 2024. XChange TEC.INC was founded in 2007 and is based in Shanghai, the People's Republic of China.
Related Halal Stocks in Financial Services
Frequently Asked Questions
Is XChange TEC.INC (XHG) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), XChange TEC.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 XChange TEC.INC's debt ratio?
XChange TEC.INC's debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are XChange TEC.INC's key financial metrics?
XChange TEC.INC has a market capitalization of $47M, trailing P/E ratio of inf, and revenue of $365,267. The company maintains a gross margin of 2.2% and a net margin of -204.9%.
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.