Is NXAT halal?
Nexus Advanced Technologies Inc
Under review
Nexus Advanced Technologies Inc passed the financial ratios, but its industry is flagged as sensitive and awaits manual review. It stays out of the halal list until the review is done.
Checked: 22 October 2026
Exchange
NASDAQ
Price
0.3815
Day
-9.51%
Market cap
$1.3M
Industry
Conglomerates
Sector
Industrials
What the company does
Nexus Advanced Technologies (Cayman Islands, 2023) is a young company aiming to build data-center and GPU compute infrastructure for AI. Operations are just starting; revenue is minimal or none.
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 $53K ÷ current market cap $1.28M = 4.1%
4.1%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $15K ÷ current market cap $1.28M = 1.2%
1.2%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $408 ÷ annual revenue $78K (2025) = 0.5%
0.5%
Pass
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 14.8% 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
- Held by funds
- Not held by any tracked fund
Halal stocks in the same industry
The largest halal stocks in Conglomerates — for comparison.
Related articles
- Halal investingBlogWhy does a stock's halal status change?A stock that was halal yesterday can leave the list today. The four main reasons — and why none of them is a bug.
- Halal investingBlogAAOIFI Shariah Standard No. 21 in plain languageThe most widely used standard for halal stock screening: the two-step test, the three ratios and how it differs from other methods.
- Halal investingBlogA halal portfolio for beginners: 5 stepsWe won't tell you which stocks to buy — that's your call. The process for building and keeping a halal portfolio: screening, diversification, purification and re-checks.
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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.