Is ATIF Holdings Ltd (ZBAI) Halal?

NASDAQ Financial Services United States $66M
✗ NOT HALAL
Confidence: 95/100
ATIF Holdings Ltd (ZBAI) is Not Halal under AAOIFI Standard 21 due to its classification in the Capital Markets industry, which is excluded under Shariah screening. Companies operating in prohibited sectors such as conventional banking, insurance, alcohol, tobacco, and gambling are automatically excluded regardless of their financial ratios.

Shariah Screening — 5 Standards

Based on financial data from July 2025

Standard Debt Ratio Cash Ratio Receivables Income Status
AAOIFI Excluded — Capital Markets ✗ NOT HALAL
DJIM Excluded — Capital Markets ✗ NOT HALAL
MSCI Excluded — Capital Markets ✗ NOT HALAL
S&P Excluded — Capital Markets ✗ NOT HALAL
FTSE Excluded — Capital Markets ✗ NOT HALAL

Financial Highlights

EPS
$-5.57
P/B Ratio
0.9
EV/EBITDA
0.9
EV: -$714,275
Revenue
$1M
Growth: 177.8%
Beta
-0.3
Low volatility
Current Ratio
13.5

Profitability

Gross Margin 100.0%
Operating Margin 29.1%
Net Margin 0.0%
Return on Equity (ROE) -80.5%
Return on Assets (ROA) -7.8%

Cash Flow & Balance Sheet

Operating Cash Flow-$2M
Free Cash Flow-$2M
Total Debt$0
Current Ratio13.5
Total Assets$10M

Price & Trading

Last Close$5.97
50-Day MA$6.36
200-Day MA$7.22
Avg Volume8K
Beta-0.3
52-Week Range
$4.14
$20.16

About ATIF Holdings Ltd (ZBAI)

CEO
Dr. Kamran Khan
Employees
6
Sector
Financial Services
Industry
Capital Markets
Country
United States
Exchange
NASDAQ
Market Cap
$66M
Currency
USD

ATIF Holdings Limited engages in the provision of business advisory and financial consulting services to small and medium-sized enterprise customers in Hong Kong, Mainland China, the United States, and Singapore. The company provides consulting services, such as due diligence review, market research and feasibility study, business plan drafting, accounting record review, and business analysis and recommendations. In addition, it offers reorganization, pre-listing education and tutoring, talent search, legal and audit firm recommendation and coordination, VIE contracts and other public-listing related documents review, merger and acquisition planning, investor referral and pre-listing equity financing source identification and recommendations, and independent directors and audit committee candidate's recommendation. Further, the company provides shell company identification and recommendation for customers expecting to become publicly listed through reverse merger transaction; assistance in preparation of customers' public filings for IPO or reverse merger transactions; and assistance in answering comments and questions received from regulatory agencies. ATIF Holdings Limited was incorporated in 2015 and is headquartered in Irvine, California.

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Frequently Asked Questions

Is ATIF Holdings Ltd (ZBAI) halal to invest in?

Based on our screening using AAOIFI Standard 21 (the strictest methodology), ATIF Holdings Ltd 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 ATIF Holdings Ltd's debt ratio?

ATIF Holdings Ltd's debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.

What are ATIF Holdings Ltd's key financial metrics?

ATIF Holdings Ltd has a market capitalization of $66M, and revenue of $1M. Return on equity stands at -80.5%.

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.