NetClass Technology Inc

NTCL: Is NetClass Technology Inc Halal?

NetClass Technology Inc

NASDAQTechnologySG

$2.41

+0.00%

Market Cap: 1.0M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

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

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%.

264.7% of 30.0% limit

What this means for you

Most scholars advise not holding NTCL

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About NetClass Technology Inc

NetClass Technology Inc, operating through its subsidiaries, provides an online platform for professional education and accompanying courseware. Its services span the People's Republic of China, Hong Kong, Singapore, and the Cayman Islands. The company's extensive range of solution modules includes tools for managing teaching and campus administration, online instruction, digital examinations, and epidemic prevention and control. It also offers sophisticated data storage and computing systems, an EDC blockchain system, and services for evaluating lecturer performance. Beyond its core educational platform, NetClass Technology Inc delivers intelligent information technology (IT) solutions tailored for a broad clientele. This includes schools, training organizations, corporate entities, public agencies, and other institutional clients. The company also offers software-as-a-service (SaaS) subscriptions and custom application development. Furthermore, NetClass provides its proprietary mobile learning platforms, AI-assisted online education systems, and comprehensive IT consulting and data analysis solutions. Incorporated in 2022, NetClass Technology Inc is headquartered in Shanghai, People's Republic of China, and operates as a subsidiary of Dragonsoft Holding Limited.

Sector: Technology · Industry: Software - Application

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 26, 2026

Compliance History

Not Halal, unchanged since Aug 2026.

No status changes recorded since we began tracking.

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

Fiscal: FY 2025Data source: FMP

Halal Alternatives in Technology

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

BitVentures Limited
BVCA+

BitVentures Limited

$10.80

-7.46%

00
0008.KLA+

Willowglen MSC Bhd

$0.29

+0.00%

00
0010.KLA+

IRIS Corporation Bhd

$0.22

-0.04%

00
0023.KLA+

IFCA MSC Bhd

$0.22

+0.00%

00
0036.KLA+

Key Alliance Group Bhd

$0.07

+0.00%

More Technology Stocks

MSFT

Microsoft Corporation

A+

GOOGL

Alphabet Inc.

A

AAPL

Apple Inc.

A+

NVDA

NVIDIA Corporation

A+

CRM

Salesforce, Inc.

B+

ADBE

Adobe Inc.

A
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Frequently Asked Questions

Is NetClass Technology Inc (NTCL) halal to invest in?
NetClass Technology Inc (NTCL) 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 NetClass Technology Inc get a F compliance rating?
NetClass Technology Inc (NTCL) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 264.7% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change NetClass Technology Inc's Shariah verdict?
NetClass Technology 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 NetClass Technology Inc re-screened for Shariah compliance?
NetClass Technology Inc (NTCL) 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.