Chanson International Holding (CHSN) - Not Halal (Non-Compliant)
Chanson International Holding (CHSN) 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
- Restaurants
- Result
- Doubtful
- Reason
- This company requires further review: the industry "Restaurants" has mixed revenue streams that require further analysis. The sector "Consumer Cyclical" is not categorically excluded, but deeper analysis is recommended.
Financial Ratios
- Debt Ratio
- Value: 372.3% | Threshold: 30% | Result: Fail
- Cash & Interest-bearing Securities Ratio
- Value: 598.2% | Threshold: 30% | Result: Fail
- Non-Permissible Income Ratio
- Value: 3.8% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 3.83%.Based on the company's financial statements, approximately 3.83% of dividend income comes from non-permissible sources; this is the share many investors donate to purify it. This is derived from identified interest income (3.83% of total income). Some scholars may differ on the exact calculation method.
About Chanson International Holding
Chanson International Holding manufactures and sells a range of bakery products, seasonal products, and beverage products for individual and corporate customers in the People's Republic of China, Cayman Islands, and the United States. The company offers packaged bakery products, such as cakes, bread, sweets, and snacks; birthday cakes; cookies; fruit cakes, amber-walnut cookies, multigrain and wholewheat bread, cheesecakes, almond pudding; made-in-store pastries; mooncakes and zongzi products; and eat in menu items, including sandwiches, salads, toasts, croissants, soups, and desserts, as well as beverages products. It provides eat-in services in its stores. The company sells its products through a chain of bakeries, as well as digital platforms and third-party online food ordering platforms. It sells its bakery and other products under the George Chanson, Patisserie Chanson, and Chanson brand names. The company was formerly known as formerly known as RON Holding Limited and changed its name to Chanson International Holding in December 2020. The company was incorporated in 2019 and is headquartered in Urumqi, China. Chanson International Holding is a subsidiary of Danton Global Limited.
