Is Hexagon AB (HXGBY) stock halal to invest in?

According to AAOIFI Shariah screening standards, Hexagon AB (HXGBY) is currently classified as Halal (Shariah-Compliant). This is based on both business activity and financial ratio screening.

Does Hexagon AB have any interest income?

Hexagon AB's interest income ratio is 7.7% of total revenue. AAOIFI standards require this to be below 30%.

What guidelines are used to determine if HXGBY stock is Shariah-compliant?

HXGBY 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 Hexagon AB stock reviewed for Shariah compliance?

Hexagon AB'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 Hexagon AB's compliance status?

You can save HXGBY 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 Hexagon AB stock considered halal?

Dividends from Hexagon AB require purification. Approximately 0.24% 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 Hexagon AB 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 Hexagon AB (HXGBY) Stock Halal or Haram?

Hexagon AB (HXGBY) - Halal (Shariah-Compliant)

Hexagon AB (HXGBY) is classified as Halal (Shariah-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: Technology
Industry: Scientific & Technical Instruments
Result: Pass
Reason: The sector "Technology" and industry "Scientific & Technical Instruments" are not in the excluded categories.

Financial Ratios

Debt Ratio: Value: 9.4% | Threshold: 30% | Result: Pass
Cash & Interest-bearing Securities Ratio: Value: 7.7% | Threshold: 30% | Result: Pass
Non-Permissible Income Ratio: Value: 0.2% | Threshold: 5% | Result: Pass

Dividend Purification

Purification percentage: 0.24%.Based on the company's financial statements, approximately 0.24% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.24% of total income). Some scholars may differ on the exact calculation method.

About Hexagon AB

Hexagon AB (publ) provides geospatial and industrial enterprise solutions worldwide. It operates in Manufacturing Intelligence, Geosystems, Autonomous Solutions and Octave segments. The company provides autonomy and perception, enterprise software for farms, GNSS positioning, and machine control; airborne and mobile mapping, geospatial content, laser scanning, ERIDAA imagin, lucaid, and M.app enterprise; and asset lifecycle information management, design and visualization, engineering and schematics, enterprise project performance, operations and maintenance, OT/ICS cyber security, and smart digital reality, as well as procurement, fabrication, and construction services. It offers automated measurement systems, CAD/CAM and production software, CAE software, coordinate measuring machines, metrology software, portable measuring systems, quality assurance software, and service and support services. In addition, the company provides evaluation, planning and design; drill and blast; load and haul; mine survey and monitoring; processing; reclamation; operational safety; autonomous operations; and multi-senor technology insights services. Further, it offers anti-jam systems, anti-jam systems, correction services, GNSS and SMART antennas, GNSS/INS receivers and post processing, resilience and integrity technology, and visualization software; HxGN Oncall, Connect, and dC3; forensics and investigations; and AEC software, documentation and verification solutions, total stations, GNNS systems, survey software, detection systems, digital realities platform, monitoring solutions, and airborne solutions. It serves agriculture, geospatial, industrial asset lifecycle, manufacturing, mining, positioning, safety, security, and surveillance industries. The company was founded in 1975 and is headquartered in Stockholm, Sweden.

Business Activity

Pass

TechnologyScientific & Technical Instruments

The sector "Technology" and industry "Scientific & Technical Instruments" are not in the excluded categories.

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

Financial Ratios

Pass

Debt Ratio9.4% / 30%

Cash & Interest-bearing Securities Ratio7.7% / 30%

Non-Permissible Income Ratio0.2% / 5%

Denominator: Market Capitalization

Dividend Purification

0.24%

Based on the company's financial statements, approximately 0.24% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.24% of total income). Some scholars may differ on the exact calculation method.

Uses quarterly data

About Hexagon AB

SwedenOTCTechnology

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.

No verdict changes recorded since first screened on Apr 29, 2026. We started recording changes on Oct 19, 2026.

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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Hexagon AB

Business Activity

Financial Ratios

Dividend Purification

About Hexagon AB

Verdict history

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