NCTYNot HalalF
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The9 Limited

NCTY: Is The9 Limited Halal?

The9 Limited

NASDAQFinancial ServicesCN

$3.65

Market Cap: 55.6M

Screened on a market cap of 409.8M

Compliance Status

Not Halal

Screened on Sep 22, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is The9 Limited (NCTY) halal? Not Halal. Based on AAOIFI screening, The9 Limited passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates The9 Limited (NCTY) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Sep 22, 2026. Source: https://halalscreener.app/en/stock/NCTY

Business activity

What the company sells is permissible.

Passed

Company debt

Over the limit

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

51.8% of 30.0% limit
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The verdict above is final and free.

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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding NCTY

It does not pass AAOIFI Shariah screening.

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About The9 Limited

The9 Limited, an internet enterprise established in 1999 and based in Shanghai, People's Republic of China, conducts its operations through its various subsidiaries. The company's core activities encompass digital currency mining and the oversight of NFTSTAR, its dedicated non-fungible token (NFT) trading and community platform. NFTSTAR facilitates user engagement by enabling the purchase, exchange, and interaction with various digital assets. Initially founded as GameNow.net Limited, the firm officially rebranded as The9 Limited in February 2004.

Sector: Financial Services · Industry: Financial - Capital Markets

Why this does not pass

  • Interest-bearing debt is 51.8% of market cap, over the 30% AAOIFI limit.

Screened under AAOIFI Standard 21. The exact figure behind this is part of Pro; the failing check and its limit are always free.

Shariah Compliance Status

AAOIFI Standard 21Updated Sep 22, 2026

See which ratio caused the failure.

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Institutional-grade Shariah analysis

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PRO DETAIL

The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

Screened according to AAOIFI Standard 21

Compliance History

  1. Not Halalnow

    since Aug 2026

  2. Under Review

    until the change above

  3. Not Halal

    until the change above

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

Fiscal: Q2 2026Data source: FMP

Halal Alternatives in Financial Services

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

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Frequently Asked Questions

Is The9 Limited (NCTY) halal to invest in?
The9 Limited (NCTY) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.
Why did The9 Limited get a F compliance rating?
The9 Limited (NCTY) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 51.8% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change The9 Limited's Shariah verdict?
The9 Limited'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 The9 Limited re-screened for Shariah compliance?
The9 Limited (NCTY) 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: Sep 22, 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.