Is PASW halal?
Ping An Biomedical Co., Ltd.
Halal
Ping An Biomedical Co., Ltd. passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.
Checked: 15 October 2026
Exchange
NASDAQ
Price
0.1202
Day
-10.10%
Market cap
$15.7M
Industry
Textile Manufacturing
Sector
Consumer Cyclical
What the company does
Ping An Biomedical (formerly Majestic Ideal, China) — despite the name — provides apparel supply-chain services: sourcing yarn (cashmere, merino, cotton) and finished garments, design and quality control. Its money comes from yarn 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
No prohibited activity
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $1.57M ÷ current market cap $15.68M = 10.0%
10.0%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $176K ÷ current market cap $15.68M = 1.1%
1.1%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $49K ÷ annual revenue $5.11M (2025) = 1.0%
1.0%
Pass
Figures from the company's filings (2025-09-30), 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 26.9% of total assets (2025-09-30). 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
- Among halal stocks
- 0.00% · #1375 of 1454
- Held by funds
- Not held by any tracked fund
Halal stocks in the same industry
The largest halal stocks in Textile Manufacturing — for comparison.
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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.