TEN Holdings, Inc. (XHLD) - Not Halal (Non-Compliant)
TEN Holdings, Inc. (XHLD) 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
- Communication Services
- Industry
- Broadcasting
- Result
- Doubtful
- Reason
- This company requires further review: the industry "Broadcasting" has mixed revenue streams that require further analysis. The sector "Communication Services" is not categorically excluded, but deeper analysis is recommended.
Financial Ratios
- Debt Ratio
- Value: 3.7% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 41.3% | Threshold: 30% | Result: Fail
- Non-Permissible Income Ratio
- Value: 0.0% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 0.00%.No non-permissible income detected in the financial statements, so this calculation finds nothing to purify based on available data.
About TEN Holdings, Inc.
TEN Holdings, Inc. provides event planning, production, and broadcasting services in the United States. The company organizes virtual, hybrid, self-service, and physical events, including conferences, marketing events, product launches, trainings, and investors and shareholder meetings. Its events are enabled by its Xyvid Pro and TEN Pro platforms, which are internet-based broadcast platforms with interactive engagement tools designed to provide web broadcast audiences with a dynamic, interactive, and engaging virtual event experience. The company also provides live streaming and video recording for physical events; video editing and production; and a custom on-demand video library for finished video content to be viewed and downloaded. It serves a range of industries, such as technology firms, healthcare organizations, educational institutions, and marketing and advertising agencies, as well as nonprofits and associations. The company was formerly known as The Events Network, Inc. and changed its name to TEN Holdings, Inc. in June 2024. The company was founded in 2011 and is headquartered in New York, New York.
