Is CN Asia Corporation Bhd (7986.KL) halal? Doubtful. Based on AAOIFI screening, CN Asia Corporation Bhd passes the business activity screen but has financial ratios approaching AAOIFI limits.
7986.KL — Is CN Asia Corporation Bhd Halal?
DoubtfulCN Asia Corporation Bhd
$0.07
+0.00%
About CN Asia Corporation Bhd
CN Asia Corporation Bhd (7986.KL) is listed on Bursa Malaysia (KLSE) and is not on the Securities Commission Malaysia's official Shariah-compliant list.
Sector: Industrials · Industry: Specialty Industrial Machinery
Why This Stock Is Doubtful
- Debt is 59.9% of market cap — only -29.9 points below the 30% AAOIFI limit
- Interest-bearing deposits are 78.4% of market cap — only -48.4 points below the 30% limit
Stocks are marked Doubtful when financial ratios pass but approach AAOIFI thresholds. Consider consulting a qualified scholar for a definitive ruling.
Shariah Compliance Status
Based on AAOIFI screening standards
Insufficient Data
Not enough data to grade
Business Activity Screen
FailedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
Financial Ratio Screen
FailedFinancial ratios must be below AAOIFI thresholds
Purify Your 7986.KL Dividends
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Financial Overview
Market Cap
17.5M
Price
$0.07
Sector
Industrials
Industry
Specialty Industrial Machinery
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Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.