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AAOIFI No. 21 screening

Is HXHX halal?

Haoxin Holdings Limited

Not halal

Haoxin Holdings Limited did not pass AAOIFI screening. The failed check is shown below.

Checked: 13 October 2026

Exchange

NASDAQ

Price

0.2648

Day

-6.46%

Market cap

$4.2M

Industry

Integrated Freight & Logistics

Sector

Industrials

What the company does

Haoxin Holdings (Ningbo, China) runs temperature-controlled trucking and urban delivery for electronics, chemical, fruit and food factories. Revenue comes from logistics contracts.

What was checked

The AAOIFI standard has four steps: business activity first, then three financial ratios. Fail one and the stock is not halal.

  • Business activity

    No prohibited activity

  • Interest-bearing debt / market cap

    limit 30%

    Interest-bearing debt $11.67M ÷ current market cap $4.21M = 277.3%

    277.3%

    Fail

  • Cash & investments / market cap

    limit 30%

    Cash + interest-bearing securities $1.40M ÷ current market cap $4.21M = 33.4%

    33.4%

    Fail

  • Non-compliant income / total revenue

    limit 5%

    —

    No data

Figures from the company's filings (2025-12-31), USD. Market cap is a 36-month average (the S&P Shariah index approach), so a one-day price move does not flip the verdict.

For information (AAOIFI 3/1 note): cash + receivables are 34.7% of total assets (2025-12-31). AAOIFI recommends tangible assets of at least one third — this figure does not affect the verdict, and other major screeners do not apply it either.

In the lists

In the S&P 500
Not in the S&P 500

Halal stocks in the same industry

The largest halal stocks in Integrated Freight & Logistics — for comparison.

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Our scanner watches 1454 halal stocks around the clock and fires a signal with entry, TP and SL when a technical setup completes. The full signal history — with outcomes — is public.

This is neither investment advice nor a fatwa. Screening is based on public financial statements and AAOIFI standard No. 21; data may lag. For a personal decision consult your own scholar.