Nyxoah SA (NYXH) - Not Halal (Non-Compliant)
Nyxoah SA (NYXH) 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
- Healthcare
- Industry
- Medical Devices
- Result
- Pass
- Reason
- The sector "Healthcare" and industry "Medical Devices" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 12.6% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 23.4% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 18.3% | Threshold: 5% | Result: Fail
Dividend Purification
Purification percentage: 18.30%.Based on the company's financial statements, approximately 18.30% of dividend income should be donated to charity for purification. This is derived from identified interest income (18.30% of total income). Some scholars may differ on the exact calculation method.
About Nyxoah SA
Nyxoah SA, a medical technology company, focuses on the development and commercialization of solutions to treat obstructive sleep apnea. Its lead solution is the Genio system, a hypoglossal neurostimulations therapy for obstructive sleep apnea. The company was incorporated in 2009 and is headquartered in Mont-Saint-Guibert, Belgium.
Frequently Asked Questions
Is Nyxoah SA (NYXH) stock halal to invest in?
According to AAOIFI Shariah screening standards, Nyxoah SA (NYXH) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Does Nyxoah SA have any interest income?
Nyxoah SA's interest income ratio is 23.4% of total revenue. AAOIFI standards require this to be below 30%.
What guidelines are used to determine if NYXH stock is Shariah-compliant?
NYXH 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.

