Is Changjiang Securities (000783.SZ) stock halal?
Screened against AAOIFI Shari’ah Standard 21
No. Changjiang Securities (000783.SZ) does not pass the AAOIFI Shari’ah Standard 21 screen. Its main business is futures and options trading (Yahoo industry “Capital Markets”), which AAOIFI Shari’ah Standard 21 excludes (3/4/1). Last checked 27 September 2026.
Changjiang Securities is not compliant under Halal / Islamic guidelines
AAOIFI Shari’ah Standard 21 Financial Audit
Figures from the latest annual report (the SEC filing or, for European companies, the ESEF annual report, where one exists, checked against Yahoo Finance) and a 36-month average market value.
| Test | Standard Limit | Actual Figure | Status |
|---|---|---|---|
| Main business | — | — | Fail |
| Interest-bearing debt | 30% | 423.08% | Review |
| Cash and interest-bearing investments | 30% | 319.99% | Fail |
| Prohibited income | 5% | 36.04% | Fail |
| Not just cash and debts | 90% | 96.79% | Review |
Key Findings & Observations
- Its main business is futures and options trading (Yahoo industry “Capital Markets”), which AAOIFI Shari’ah Standard 21 excludes (3/4/1).Source: Business check
- The interest-bearing debt test couldn’t be settled: Only an upper estimate is available, and it is over the limit. No debt figure was reported, so total liabilities are used as an upper bound.Source: AAOIFI Shari'ah Standard 21
- Cash and interest-bearing investments are 320.0% of the company’s 36-month average market value. AAOIFI’s limit is under 30% (Shari'ah Standard 21, 3/4/3).Source: AAOIFI Shari'ah Standard 21
- Prohibited income, interest included, is 36.0% of total revenue. AAOIFI’s limit is 5% (Shari'ah Standard 21, 3/4/4).Source: AAOIFI Shari'ah Standard 21
- The not just cash and debts test couldn’t be settled: Almost all of the company’s assets are cash, investments and receivables, so it may be a cash shell. Check what it does before investing.Source: AAOIFI Shari'ah Standard 21
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Frequently Asked Questions about Changjiang Securities Company Limited (000783.SZ)
Is Changjiang Securities (000783.SZ) stock halal?▾
No. Changjiang Securities (000783.SZ) does not pass the AAOIFI Shari’ah Standard 21 screen. Its main business is futures and options trading (Yahoo industry “Capital Markets”), which AAOIFI Shari’ah Standard 21 excludes (3/4/1). Last checked 27 September 2026.
What is Changjiang Securities's debt ratio under Islamic finance standards?▾
Under AAOIFI Shari’ah Standard 21, interest-bearing debt must stay under 30% of a company's 36-month average market value. Changjiang Securities's ratio is at most 423.1%.
How much dividend purification is required for Changjiang Securities (000783.SZ) stock?▾
Changjiang Securities does not pass the screen, so purification does not apply: the standard does not permit holding it.
Does Changjiang Securities operate in prohibited business activities?▾
AAOIFI Shari’ah Standard 21 excludes companies whose main business is prohibited, such as alcohol, pork, gambling, conventional interest-based finance and adult entertainment. Changjiang Securities's main business is checked against these. For companies that file with the US SEC, revenue by division is also read from the filing, so a division in a prohibited business is counted. Where the check cannot be settled, the result is shown as Needs Review rather than guessed.
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