Is RENX halal?
RenX Enterprises Corp.
Not halal
RenX Enterprises Corp. did not pass AAOIFI screening. The failed check is shown below.
Checked: 13 October 2026
Exchange
NASDAQ
Price
1.72
Day
+0.58%
Market cap
$5.6M
Industry
Real Estate - Development
Sector
Real Estate
What the company does
RenX Enterprises (formerly Safe and Green Development, Miami) recycles biomass: it turns construction and municipal green waste into compost, mulch and engineered soils for sale; it previously pursued housing developments. Revenue is small.
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 $24.21M ÷ 36-month average market cap $6.11M = 396.4%
396.4%
Fail
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $2.16M ÷ 36-month average market cap $6.11M = 35.4%
35.4%
Fail
Non-compliant income / total revenue
limit 5%
Interest income $12K ÷ annual revenue $208K (2024) = 5.8%
5.8%
Fail
Figures from the company's filings (2026-06-30), 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. Today's market cap: $5.59M.
For information (AAOIFI 3/1 note): cash + receivables are 9.1% of total assets (2026-06-30). 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
- Held by funds
- Not held by any tracked fund
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- Halal investingBlogWhy a company's cash affects whether its stock is halalLots of cash sounds like a good sign — but halal screening checks it separately. What counts, what doesn't, and where we are stricter than AAOIFI.
- 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.
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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.