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Is Karbon-X Corp. (KARX) stock halal?
Debt and investments below the thresholds; interest income not published: the last criterion remains to be verified.
This verdict follows the median view, that of AAOIFI Standard No. 21. It is based on the financial statements for the fiscal year ended 05/31/2026.
The ratios
| Criterion | Measure | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 21.3% of market capitalization | 30% | within threshold |
| Interest-bearing investments | 3.8% of market capitalization | 30% | within threshold |
| Impermissible income | not published | 5% | to be verified |
Standard: AAOIFI, Standard No. 21.
Margin to threshold and trend
| Item | Ratio (fiscal year end) | Threshold (AAOIFI, Standard No. 21) | Margin | Change since year end | Estimated ratio |
|---|---|---|---|---|---|
| Interest-bearing debt | 21.3% | 30% | 8.7% | not read | — |
| Interest-bearing investments | 3.8% | 30% | 26.2% | not read | — |
No quarterly financial statements after fiscal year end, or inconsistent reading: the change is not shown. "On watch" flags a permitted company whose estimated ratio reaches the threshold, or is within 5 points of the threshold and rising. This is neither a forecast nor advice.
The three views
- Median view, our reference : the company is admitted, provided the gains are purified.
- Strictest view : the company is excluded, because it borrows or invests at interest.
- Most lenient view : the company is admitted (Al Rajhi).
Business activity
Perfumes, Cosmetics & Other Toilet Preparations (SIC code 2844)
Financial statements read
Fiscal year ended 05/31/2026, in millions of dollars. Source: SEC EDGAR: annual reports of Karbon-X Corp..
What could not be verified
- Interest received: amount not isolated in the filed financial statements.
- Activity classified from the SEC sector code, without reading the annual report.
- Figures read automatically and not reviewed by a human.
Status history
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Compliance comparison only: no opinion on the value of these securities.
General information: neither investment advice nor a fatwa. Verdict calculated by published rules, from financial statements read automatically and not reviewed by a human. Read the methodology