Is Xanadu Quantum Technologies (XNDU.TO) stock halal?
Screened against AAOIFI Shari’ah Standard 21
Not settled. Xanadu Quantum Technologies (XNDU.TO) could not be confirmed either way under the AAOIFI Shari’ah Standard 21 screen. The prohibited income test couldn’t be settled: Only an upper estimate is available, and it is over the limit. Interest income is not reported, so we assume all cash, investments and receivables earned 10%, which is more than they could have. We show this as Needs Review rather than guess. Last checked 2 October 2026.
Xanadu Quantum Technologies needs further review 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 | — | — | Pass |
| Interest-bearing debt | 30% | 0.64% | Pass |
| Cash and interest-bearing investments | 30% | 0.27% | Pass |
| Prohibited income | 5% | 35.23% | Review |
| Not just cash and debts | 90% | 23.04% | Pass |
Key Findings & Observations
- The prohibited income test couldn’t be settled: Only an upper estimate is available, and it is over the limit. Interest income is not reported, so we assume all cash, investments and receivables earned 10%, which is more than they could have.Source: AAOIFI Shari'ah Standard 21
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Frequently Asked Questions about Xanadu Quantum Technologies Limited (XNDU.TO)
Is Xanadu Quantum Technologies (XNDU.TO) stock halal?▾
Not settled. Xanadu Quantum Technologies (XNDU.TO) could not be confirmed either way under the AAOIFI Shari’ah Standard 21 screen. The prohibited income test couldn’t be settled: Only an upper estimate is available, and it is over the limit. Interest income is not reported, so we assume all cash, investments and receivables earned 10%, which is more than they could have. We show this as Needs Review rather than guess. Last checked 2 October 2026.
What is Xanadu Quantum Technologies'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. Xanadu Quantum Technologies's ratio is about 0.6%.
How much dividend purification is required for Xanadu Quantum Technologies (XNDU.TO) stock?▾
Under AAOIFI Shari’ah Standard 21, shareholders should give away the part of their income that comes from prohibited sources: at most CA$0.0056 per share for the latest financial year. This is an upper estimate: the exact figure is not reported, so it is the most the amount could be. The amount goes to charity, without counting it as one's own donation.
Does Xanadu Quantum Technologies 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. Xanadu Quantum Technologies'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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