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AAOIFI No. 21 screening

Is KXIN halal?

Kaixin Holdings

Doubtful

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

Checked: 15 October 2026

Exchange

NASDAQ

Price

1.65

Day

+5.10%

Market cap

$67.9M

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: dealer financing/insurance services (riba) — share not disclosed

What the company does

Kaixin (China) is a luxury-car retailer (used and new) with EV-manufacturing plans; the dealership also offers third-party financing/insurance. 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: dealer financing/insurance services (riba) — share not disclosed

  • Interest-bearing debt / market cap

    limit 30%

    2.0%

    Pass

  • Cash & investments / market cap

    limit 30%

    1.3%

    Pass

  • Non-compliant income / total revenue

    limit 5%

    —

    No data

In the lists

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

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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.