Foxx Development Holdings Inc.

FOXX: Is Foxx Development Holdings Inc. Halal?

Foxx Development Holdings Inc.

NASDAQTechnologyUS

$2.88

-7.26%

Market Cap: 20.2M

Compliance Status

Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

A

Very Good

87Score

Is Foxx Development Holdings Inc. (FOXX) halal? Halal. Based on AAOIFI screening, Foxx Development Holdings Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 87/100 (Grade: A).

Business activity

What the company sells is permissible.

Passed

Company debt

Well clear of the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

0.4% of 30.0% limit

What this means for you

You can own FOXX

It passes both the business activity and financial ratio screens under AAOIFI Standard 21.

Purification amount is Pro

We have screened FOXX's prohibited income, but the exact share you would need to purify is part of Pro.

About Foxx Development Holdings Inc.

Foxx Development Holdings Inc. operates within the United States, focusing on the distribution and retail sales of its proprietary Foxx-branded smartphones and tablets. The company's offerings extend beyond these core products to include wearables and various other communication devices. Furthermore, Foxx is actively engaged in providing after-sales customer support and conducting research and development to devise innovative customization standards and services. Its primary customer base includes value-conscious consumers, individuals acquiring a tablet or smartphone for the first time, and parents purchasing these devices for their children. Foxx reaches these diverse clients through the online and physical retail outlets of its telecommunication partners. Founded in 2017, Foxx Development Holdings Inc. is headquartered in Irvine, California.

Sector: Technology · Industry: Consumer Electronics

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 26, 2026

Compliance History

Halal, unchanged since Aug 2026.

No status changes recorded since we began tracking.

Tracked since Aug 2026. Updates automatically on each re-screen.

Fiscal: Q3 2026Data source: EDGAR
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Frequently Asked Questions

Is Foxx Development Holdings Inc. (FOXX) halal to invest in?
Based on AAOIFI Standard 21 screening, Foxx Development Holdings Inc. (FOXX) is rated Halal with a compliance grade of A (Very Good). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).
Why did Foxx Development Holdings Inc. get a A compliance rating?
Foxx Development Holdings Inc. (FOXX) received a grade of A (Very Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 0.4% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Foxx Development Holdings Inc.'s Shariah verdict?
Foxx Development Holdings Inc.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.
How often is Foxx Development Holdings Inc. re-screened for Shariah compliance?
Foxx Development Holdings Inc. (FOXX) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Aug 26, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

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.