What is Xanadu Quantum Technologies Limited's Shariah compliance score?

Xanadu Quantum Technologies Limited (XNDU) has a Shariah compliance score of 0/100 (Grade: F, Non-Compliant). AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%.

Does Xanadu Quantum Technologies Limited pass AAOIFI screening?

Xanadu Quantum Technologies Limited (XNDU) does not pass AAOIFI Shariah screening. AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. XNDU's debt-to-market-cap is 18.4%.

How much purification is needed for Xanadu Quantum Technologies Limited?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the percentage and amount for Xanadu Quantum Technologies Limited (XNDU) using the latest financial data.

Where can I screen Xanadu Quantum Technologies Limited for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Xanadu Quantum Technologies Limited (XNDU) and 8,200+ securities. US-listed stocks and ETFs are screened under AAOIFI Standard No. 21. Bursa Malaysia securities carry the Securities Commission Malaysia's official status. Coins are screened separately, under published scholarly opinion. The verdict is free, with no credit card or signup required for basic screening. The compliance grade, score, and debt ratio are free too; the full ratio breakdown is part of Pro.

XNDUNot HalalF

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Is Xanadu Quantum Technologies (XNDU) Stock Halal?

Compliance Status

Not Halal

Screened on Nov 12, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Xanadu Quantum Technologies Limited (XNDU) halal? Not Halal. Based on AAOIFI screening, Xanadu Quantum Technologies 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 Xanadu Quantum Technologies Limited (XNDU) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Nov 12, 2026. Source: https://halalscreener.app/en/stock/XNDU

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Within the limit

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

18.4% of 30.0% limit

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.

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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding XNDU

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

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XNDU

Xanadu Quantum Technologies Limited

NASDAQTechnologyCA

$2.86

Market Cap: 159.2M

Screened on a market cap of 456.0M

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About Xanadu Quantum Technologies Limited

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

AAOIFI Standard 21Updated Nov 12, 2026

AI Compliance InsightProSee plans

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.

Fiscal: Q2 2026Data source: FMP

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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 (XNDU) halal to invest in?

Xanadu Quantum Technologies Limited (XNDU) 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 Xanadu Quantum Technologies Limited get a F compliance rating?

Xanadu Quantum Technologies Limited (XNDU) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 18.4% (limit 30%); interest-bearing deposits over the 30% limit. The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Xanadu Quantum Technologies Limited's Shariah verdict?

Xanadu Quantum Technologies Limited's verdict is recalculated at every re-screen, including the one that follows each new quarterly or annual report. 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 Xanadu Quantum Technologies Limited re-screened for Shariah compliance?

Xanadu Quantum Technologies Limited (XNDU) is screened from the latest financial statements on record, currently those for fiscal Q2 2026. The 500 largest US-listed companies, and every stock on a HalalScreener watchlist or portfolio, are re-screened daily against the current market cap; every other stock at least once a week. When the company files a new quarterly or annual report with the SEC, it is re-screened from that filing: we check the SEC's filing feed every 15 minutes and the earnings calendar every day. Last screened: Nov 12, 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.