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AAOIFI No. 21 screening

Is JZXN halal?

Jiuzi Holdings, Inc.

Doubtful

No clear verdict is possible for Jiuzi Holdings, Inc. — data is insufficient or the case is contested in fiqh. As a precaution it is NOT included in the halal list.

Checked: 14 October 2026

Exchange

NASDAQ

Price

1.09

Day

-2.68%

Market cap

$58.0M

Industry

Auto & Truck Dealerships

Sector

Consumer Cyclical

Manually identified reason

Automatic screening reads the industry label, not what's inside. This company's filings were checked by hand and a hidden prohibited activity was found:

Doubtful: new 'digital asset finance / Bitcoin-focused financial services' line (riba risk) — share unclear

What the company does

Jiuzi Holdings (China) franchises a network of new-energy-vehicle dealerships, expanding since 2026 into digital-asset/Bitcoin financial services. A small company; its money comes from car sales.

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

    Doubtful: new 'digital asset finance / Bitcoin-focused financial services' line (riba risk) — share unclear

  • Interest-bearing debt / market cap

    limit 30%

    0.0%

    Pass

  • Cash & investments / market cap

    limit 30%

    7.9%

    Pass

  • Non-compliant income / total revenue

    limit 5%

    0.0%

    Pass

In the lists

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

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Halal is the first question. The second: when to enter?

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.