Compliance Status

Halal

Screened on Oct 8, 2026 · AAOIFI Standard 21

A

Very Good

80Score

Is XMAX, Inc. (XMAX) halal? Halal. Based on AAOIFI screening, XMAX, Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 80/100 (Grade: A).

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HalalScreener rates XMAX, Inc. (XMAX) Halal, 80/100, grade A under AAOIFI Standard 21, screened Oct 8, 2026. Source: https://halalscreener.app/en/stock/XMAX

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%.

1.0% of 30.0% limit
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Screened according to AAOIFI Standard 21

What this means for you

You can own XMAX

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

Purification amount is Pro

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

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XMAX, Inc.

XMAX: Is XMAX, Inc. Halal?

XMAX, Inc.

NASDAQConsumer CyclicalUS

$8.74

Market Cap: 555.9M

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About XMAX, Inc.

XMAX, Inc. focuses on the creation, manufacturing, and promotion of contemporary household furniture. The company offers a wide array of products, including collections for living rooms, urban-style dining spaces, bedrooms, and their unique 'nova qwik' series. These items are sold under several brand names, specifically Nova LifeStyle, Diamond Sofa, and Nova Living. The firm was established in 1992 by Ya Ming Wong and Yuen Ching Ho, and its primary operations are based in Commerce, California.

Sector: Consumer Cyclical · Industry: Furnishings, Fixtures & Appliances

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 8, 2026

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Screened according to AAOIFI Standard 21

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: Q2 2026Data source: EDGAR
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Frequently Asked Questions

Is XMAX, Inc. (XMAX) halal to invest in?
Based on AAOIFI Standard 21 screening, XMAX, Inc. (XMAX) 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 XMAX, Inc. get a A compliance rating?
XMAX, Inc. (XMAX) received a grade of A (Very Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 1.0% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change XMAX, Inc.'s Shariah verdict?
XMAX, 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 XMAX, Inc. re-screened for Shariah compliance?
XMAX, Inc. (XMAX) 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: Oct 8, 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.