22nd Century Group, Inc (XXII) - Not Halal (Non-Compliant)
22nd Century Group, Inc (XXII) 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
- Tobacco
- Result
- Fail
- Reason
- The industry "Tobacco" is classified as non-permissible according to Shariah screening standards.
Financial Ratios
- Debt Ratio
- Value: 0.0% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 0.1% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 1.2% | Threshold: 5% | Result: Pass
About 22nd Century Group, Inc
22nd Century Group, Inc., a tobacco products company, manufactures, distributes, and sells proprietary new reduced nicotine tobacco products in the United States. The company offers reduced nicotine content tobacco and very low nicotine combustible cigarette products. It also provides contract manufacturing services for conventional combustible tobacco products for third-party brands, as well as turnkey contract manufacturing of cigarettes and filtered cigars for other established tobacco brands. 22nd Century Group, Inc. was founded in 1998 and is headquartered in Mocksville, North Carolina.
Frequently Asked Questions
Is 22nd Century Group, Inc (XXII) stock halal to invest in?
According to AAOIFI Shariah screening standards, 22nd Century Group, Inc (XXII) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Does 22nd Century Group, Inc have any interest income?
Identified interest income is 1.2% of 22nd Century Group, Inc's total income. AAOIFI standards require non-permissible income to be below 5%.
What guidelines are used to determine if XXII stock is Shariah-compliant?
XXII 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.
