Lixiang Education Holding Co., (LXEH) - Not Halal (Non-Compliant)
Lixiang Education Holding Co., (LXEH) 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 Defensive
- Industry
- Education & Training Services
- Result
- Pass
- Reason
- The sector "Consumer Defensive" and industry "Education & Training Services" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 554.0% | Threshold: 30% | Result: Fail
- Cash & Interest-bearing Securities Ratio
- Value: 240.7% | Threshold: 30% | Result: Fail
- Non-Permissible Income Ratio
- Value: 0.0% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 0.03%.Based on the company's financial statements, approximately 0.03% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.03% of total income). Some scholars may differ on the exact calculation method.
About Lixiang Education Holding Co.,
Lixiang Education Holding Co., Ltd., through its subsidiaries, provides private education services in the People's Republic of China. It operates through High School and Vocational Education segments. The company offers high school and vocational education services through Qingtian International School, Lishui International School, Langfang School, and Hainan Jiangcai. It also provides education and human resources services comprising labor dispatch, human education, and agency recruitment; outsourcing vocational services; recruitment process outsourcing services; and flexible employment services, such as part-time employment, retirement re-employment, internships, and other short-term or temporary employment methods. In addition, the company offers human resources services for internship and employment recommendations. Further, it provides healthcare support services, including basic living care, special care, accompanying services, and related services. The company was formerly known as Lianwai Education Group Limited and changed its name to Lixiang Education Holding Co., Ltd. in May 2020. Lixiang Education Holding Co., Ltd. was founded in 2001 and is headquartered in Lishui, the People's Republic of China.