Is Neo-Concept International Group (NCI) Stock Halal or Haram?
Neo-Concept International Group (NCI) - Halal (Shariah-Compliant)
Neo-Concept International Group (NCI) 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
Consumer Cyclical
Industry
Apparel Manufacturing
Result
Pass
Reason
The sector "Consumer Cyclical" and industry "Apparel Manufacturing" are not in the excluded categories.
Financial Ratios
Debt Ratio
Value: 23.1% | Threshold: 30% | Result: Pass
Cash & Interest-bearing Securities Ratio
Value: 1.2% | Threshold: 30% | Result: Pass
Non-Permissible Income Ratio
Value: 0.1% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 0.07%.Based on the company's financial statements, approximately 0.07% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.07% of total income). Some scholars may differ on the exact calculation method.
About Neo-Concept International Group
Neo-Concept International Group Holdings Limited provides one-stop apparel solutions in the United States, Canada, the United Kingdom, and internationally. The company offers a suite of services in the apparel supply chain, including market trend analysis, product design and development, raw material sourcing, production and quality control, and logistics management services. It also sells knitwear and apparel products under the les 100 ciels brand through digital and physical retail stores, as well as third-party online platforms. The company serves brand owners, apparel sourcing agents, and online fashion retailers. Neo-Concept International Group Holdings Limited was incorporated in 2021 and is based in Kwun Tong, Hong Kong.
Frequently Asked Questions
Is Neo-Concept International Group (NCI) stock halal to invest in?
According to AAOIFI Shariah screening standards, Neo-Concept International Group (NCI) is currently classified as Halal (Shariah-Compliant). This is based on both business activity and financial ratio screening.
Based on the company's financial statements, approximately 0.07% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.07% of total income). Some scholars may differ on the exact calculation method.
Uses quarterly data
About Neo-Concept International Group
Neo-Concept International Group Holdings Limited provides one-stop apparel solutions in the United States, Canada, the United Kingdom, and internationally. The company offers a suite of services in the apparel supply chain, including market trend analysis, product design and development, raw material sourcing, production and quality control, and logistics management services. It also sells knitwear and apparel products under the les 100 ciels brand through digital and physical retail stores, as well as third-party online platforms. The company serves brand owners, apparel sourcing agents, and online fashion retailers. Neo-Concept International Group Holdings Limited was incorporated in 2021 and is based in Kwun Tong, Hong Kong.
Hong KongNASDAQConsumer 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.
No verdict changes recorded since first screened on Sep 30, 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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Frequently Asked Questions
According to AAOIFI Shariah screening standards, Neo-Concept International Group (NCI) is currently classified as Halal (Shariah-Compliant). This is based on both business activity and financial ratio screening.
Neo-Concept International Group's interest income ratio is 1.2% of total revenue. AAOIFI standards require this to be below 30%.
NCI 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.
Neo-Concept International Group'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.
You can save NCI 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.
Dividends from Neo-Concept International Group require purification. Approximately 0.07% of dividend income should be donated to charity to cleanse earnings from non-permissible sources such as interest income.
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.
Does Neo-Concept International Group have any interest income?
Neo-Concept International Group's interest income ratio is 1.2% of total revenue. AAOIFI standards require this to be below 30%.
What guidelines are used to determine if NCI stock is Shariah-compliant?
NCI 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 Neo-Concept International Group stock reviewed for Shariah compliance?
Neo-Concept International Group'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 Neo-Concept International Group's compliance status?
You can save NCI 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 Neo-Concept International Group stock considered halal?
Dividends from Neo-Concept International Group require purification. Approximately 0.07% 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 Neo-Concept International Group 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.
