XNDU: Is Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares Halal?
Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares
$4.98
Market Cap: 262.3M
Screened on a market cap of 450.9M
Compliance Status
Not Halal
Screened on Sep 24, 2026 · AAOIFI Standard 21
Non-Compliant
Is Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares (XNDU) halal? Not Halal. Based on AAOIFI screening, Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).
Quote this verdict
HalalScreener rates Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares (XNDU) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Sep 24, 2026. Source: https://halalscreener.app/en/stock/XNDU
Business activity
What the company sells is permissible.
Company debt
Within the limitHow much the company borrows, compared to its total value. AAOIFI allows up to 30%.
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
What this means for you
Most scholars advise not holding XNDU
It does not pass AAOIFI Shariah screening.
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About Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares
Xanadu Quantum Technologies Inc. specializes in the creation and delivery of photonic quantum computing solutions, encompassing both sophisticated hardware and versatile software platforms. Their hardware offerings include cloud-accessible "x-series" photonic quantum computers, which boast features such as programmable quantum gates and advanced photon-number resolving detectors. On the software front, Xanadu provides a suite of tools: Pennylane: A Python library for quantum programming that supports differentiable quantum programming, facilitating integration with machine learning frameworks and enabling the development of hybrid quantum-classical applications. Catalyst: Designed for just-in-time compilation, it optimizes quantum algorithms for enhanced performance. Lightning: A high-performance quantum simulator built for both CPU and GPU architectures, engineered to integrate seamlessly with Pennylane. The company ensures robust support for its users, offering extensive documentation, instructional tutorials, practical guides, and community-driven resources that cover areas like quantum machine learning, quantum chemistry simulations, and various other quantum computing applications. Users also gain access to collaborative opportunities and expert assistance from their team of quantum specialists. Xanadu targets a broad professional audience, including clients in the quantum computing, software development, and machine learning sectors, as well as advanced research and development professionals who utilize high-performance computing and quantum hardware. The company was established in 2016 and operates from its headquarters in Toronto, Canada.
Sector: Technology · Industry: Software - Infrastructure
Why this does not pass
- Interest-bearing deposits are over the 30% 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
See which ratio caused the failure.
See the exact debt ratio, interest income %, and prohibited revenue that caused the failure. Know before you sell or hold.
AI Compliance Insight
PROInstitutional-grade Shariah analysis
See why XNDU is rated Not Halal with institutional-grade analysis
Compliance History
Not Halalnow
since Sep 2026
Under Review
until the change above
Not Halal
until the change above
Tracked since Aug 2026. Updates automatically on each re-screen.
Halal Alternatives in Technology
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 Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares (XNDU) halal to invest in?
Why did Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares get a F compliance rating?
What could change Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares's Shariah verdict?
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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.