Is JD-SW (9618.HK) stock halal to invest in?

According to AAOIFI Shariah screening standards, JD-SW (9618.HK) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.

Does JD-SW have any interest income?

JD-SW's interest income ratio is 85.4% of total revenue. AAOIFI standards require this to be below 30%.

What guidelines are used to determine if 9618.HK stock is Shariah-compliant?

9618.HK is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.

How often is JD-SW stock reviewed for Shariah compliance?

JD-SW's compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.

How can I stay updated on JD-SW's compliance status?

You can save 9618.HK to your Mizaan portfolio to track its compliance status over time. Mizaan will update the screening whenever new financial data is available, so you always have the latest result.

Are dividends from JD-SW stock considered halal?

Dividends from JD-SW require purification. Approximately 0.68% of dividend income should be donated to charity to cleanse earnings from non-permissible sources such as interest income.

Do I need to pay Zakat on my JD-SW shares?

Yes, Zakat is generally due on stock holdings. The calculation depends on your school of thought (madhab) and whether you hold shares for trading or long-term investment. Use Mizaan's Zakat calculator to compute your obligation based on your specific madhab and holding intent.

Is JD-SW (9618.HK) Stock Halal or Haram?

JD-SW (9618.HK) - Not Halal (Non-Compliant)

JD-SW (9618.HK) is classified as Not Halal (Non-Compliant) according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.

Business Activity Screen

Sector: Consumer Cyclical
Industry: Internet Retail
Result: Pass
Reason: The sector "Consumer Cyclical" and industry "Internet Retail" are not in the excluded categories.

Financial Ratios

Debt Ratio: Value: 40.6% | Threshold: 30% | Result: Fail
Cash & Interest-bearing Securities Ratio: Value: 85.4% | Threshold: 30% | Result: Fail
Non-Permissible Income Ratio: Value: 0.7% | Threshold: 5% | Result: Pass

Dividend Purification

Purification percentage: 0.68%.Based on the company's financial statements, approximately 0.68% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.68% of total income). Some scholars may differ on the exact calculation method.

About JD-SW

JD.com, Inc. operates as a supply chain-based technology and service provider in the People's Republic of China and Europe. It operates through three segments: JD Retail, JD Logistics, and New Businesses. The company provides home appliances; mobile handsets and other digital products; computers, including desktop, laptop, and other various products, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics and other personal care items; and pet products. It offers women's shoes, bags, watches, jewelry, and luxury goods; men's shoes, sports gear, and fitness equipment; automobiles and accessories; maternal and childcare products; toys and musical instruments; food, beverages, and fresh produce; gifts, flowers, and plants; and pharmaceutical and healthcare products, such as OCT pharmaceutical products, nutritional supplements, healthcare services, and other healthcare equipment. In addition, the company provides books, e-books, music, movies, and other media products; virtual goods consisting of online travel agency, attraction tickets, and prepaid phone cards and game cards; industrial products; and installation and maintenance services. Further, it offers online marketplace services for third-party merchants; marketing services; and omni-channel solutions to customers and offline retailers, as well as online healthcare services. Additionally, the company develops, owns, and manages its logistics facilities and other real estate properties to support third parties; and offers asset management services and integrated service platform; leasing of storage facilities and related management services, as well as engages in online retail business; technology-driven supply chain solutions; and logistics services. The company was formerly known as 360buy Jingdong Inc. and changed its name to JD.com, Inc. in January 2014. JD.com, Inc. was incorporated in 2006 and is headquartered in Beijing, the People's Republic of China.

Business Activity

Pass

Consumer CyclicalInternet Retail

The sector "Consumer Cyclical" and industry "Internet Retail" are not in the excluded categories.

Business-activity data: inferred from the company description (lower confidence). How coverage works

Financial Ratios

Fail

Debt Ratio40.6% / 30%

Cash & Interest-bearing Securities Ratio85.4% / 30%

Non-Permissible Income Ratio0.7% / 5%

Denominator: Market Capitalization

Dividend Purification

0.68%

Based on the company's financial statements, approximately 0.68% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.68% of total income). Some scholars may differ on the exact calculation method.

Uses quarterly data

About JD-SW

ChinaHKEXConsumer Cyclical

Screened using AAOIFI Standard No. 21 on October 20, 2026. Financial ratios compared against market capitalization. Different methodologies may produce different results. Learn how we screen.

Screened using AAOIFI Shariah Standard No. 21 (3 ratios). Debt and interest-bearing deposits must each be under 30% of market capitalization, and non-permissible income under 5% of total income. This screening is for educational purposes only and does not constitute a fatwa or religious ruling. Results are based on publicly available financial data and automated analysis. Users should consult qualified Islamic scholars and financial advisors for personal investment decisions. Financial data may be delayed or incomplete. Past compliance does not guarantee future status.

Verdict history

Free with an account.

Oct 20, 2026Status changed from Questionable to Not Halalon-demand screening

Dates are when Mizaan recorded the change. Tracked and watched stocks are re-checked weekly; other stocks are re-screened on demand.

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JD-SW

Business Activity

Financial Ratios

Dividend Purification

About JD-SW

Verdict history

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