Is XMax Inc. (XWIN) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 0.8% / 30% | 0.1% / 30% | 0.0% / 30% | 0.18% / 5% | ✓ HALAL |
| DJIM | 0.8% / 33% | 0.1% / 33% | 0.0% / 33% | 0.18% / 5% | ✓ HALAL |
| MSCI | 21.3% / 33% | 1.6% / 33% | 0.5% / 33% | 0.18% / 5% | ✓ HALAL |
| S&P | 0.8% / 33% | 0.1% / 33% | 0.0% / 33% | 0.18% / 5% | ✓ HALAL |
| FTSE | 21.3% / 33% | 1.6% / 33% | 0.5% / 50% | 0.18% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 25.5% | |
| Operating Margin | -5.0% | |
| Net Margin | -16.7% | |
| Return on Equity (ROE) | -44.5% | |
| Return on Assets (ROA) | -9.9% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$1M |
| Free Cash Flow | -$1M |
| Total Debt | $2M |
| Debt-to-Equity | 10.4 |
| Current Ratio | 2.8 |
| Total Assets | $10M |
Price & Trading
| Last Close | $7.23 |
| 50-Day MA | $6.23 |
| 200-Day MA | $4.67 |
| Avg Volume | 784K |
| Beta | 1.3 |
|
52-Week Range
$0.57
| |
About XMax Inc. (XWIN)
Nova LifeStyle, Inc., through its subsidiaries, designs, manufactures, markets, and sells residential and commercial furniture for middle and upper middle-income consumers North America and internationally. The company offers upholstered, wood, and metal-based furniture pieces for the living, dining, and bedrooms, as well as home offices. Its products include sofas, chairs, dining tables, beds, entertainment consoles, cabinets, and cupboards. In addition, the company sells physiotherapeutic jade mats for use in therapy clinics, hospitality, and real estate projects. It distributes its products under the Nova LifeStyle, Diamond Sofa, and Nova Living brand directly, as well as through internet sales and online marketing campaigns, and participation in exhibitions and trade shows primarily to furniture distributors and retailers. Nova LifeStyle, Inc. was founded in 2003 and is headquartered in Commerce, California.
Purification Calculator
As a halal stock with 0.18% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is XMax Inc. (XWIN) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), XMax Inc. 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 XMax Inc.'s debt ratio?
XMax Inc.'s debt ratio is 0.8% 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 21.3%.
Does XMax Inc. require dividend purification?
Yes, XMax Inc. has an impermissible income ratio of 0.18%, which means 0.18% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are XMax Inc.'s key financial metrics?
XMax Inc. has a market capitalization of $308M, trailing P/E ratio of 238.7, and revenue of $10M. The company maintains a gross margin of 25.5% and a net margin of -16.7%. Return on equity stands at -44.5%.
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.