Is NetX Holdings Berhad (0020.KL) halal? Doubtful. NetX Holdings Berhad is not on the Securities Commission Malaysia's official list of Shariah-compliant securities. Treat it as non-compliant and consult a qualified scholar.

00

0020.KL: Is NetX Holdings Berhad Halal?

Doubtful

NetX Holdings Berhad

KLSETechnologyMY

RM聽0.06

+0.10%

About NetX Holdings Berhad

NetX Holdings Berhad (0020.KL) is listed on Bursa Malaysia (KLSE) and is not on the Securities Commission Malaysia's official Shariah-compliant list.

Sector: Technology 路 Industry: Information Technology Services

Shariah Compliance Status

SC Malaysia listUpdated Jun 1, 2026
D

Insufficient Data

Not enough data to grade

Business Activity Screen

Failed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Shariah Status: Official

Not on SC List

NetX Holdings Berhad is not on the Securities Commission Malaysia's official list of Shariah-compliant securities. Treat it as non-compliant and consult a qualified scholar.

Market Cap

RM 0.05B

Total Debt

-

Cash & Deposits

-

Revenue

RM 0.01B

Only securities on the SC's official Shariah-compliant list are treated as compliant; this security is not currently listed. Financials shown for reference (Yahoo Finance).

HalalScreener AAOIFI Analysis

Informational

Our independent AAOIFI financial-ratio screen (market-cap basis). The halal/haram verdict above is the Securities Commission Malaysia鈥檚 official ruling: it also weighs business activity and uses a total-assets basis (33% limit), so these ratios can differ from the verdict (e.g. a low-market-cap utility can exceed 30% here yet remain SC-compliant).

Debt / Market CapN/A / 30.0%

Compliance History

Doubtful, unchanged since May 2025.

No status changes recorded since we began tracking.

Tracked since May 2025. Updates automatically on each re-screen.

Screened: Jun 1, 2026Fiscal: Not on SC compliant list (May 2025)Source: SC_EXCLUDED

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Financial Overview

Market Cap

51.6M

Price

RM聽0.06

Sector

Technology

Industry

Information Technology Services

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Frequently Asked Questions

Is NetX Holdings Berhad (0020.KL) halal to invest in?
NetX Holdings Berhad (0020.KL) is classified Shariah-compliant by the Securities Commission Malaysia (SAC) official list, the authoritative ruling for Bursa Malaysia-listed stocks. The SC uses a two-tier methodology: business-activity benchmarks plus financial ratios (debt/total-assets and interest deposits/total-assets below 33%).
Why did NetX Holdings Berhad get a D compliance rating?
The Securities Commission Malaysia assigns Shariah-compliant status annually via its Shariah Advisory Council (SAC). The methodology applies a two-tier test: (1) a business-activity benchmark and (2) financial ratios (total debt and interest-bearing deposits both below 33% of total assets). NetX Holdings Berhad meets these criteria under the SC's current assessment.
What could change NetX Holdings Berhad's Shariah verdict?
The Securities Commission Malaysia reviews its Shariah-compliant securities list twice a year (typically May and November). NetX Holdings Berhad's status may change if its business activities shift into prohibited sectors or if its financial ratios (debt or interest deposits exceeding 33% of total assets) deteriorate at the next SAC review.
How often is NetX Holdings Berhad re-screened for Shariah compliance?
The Securities Commission Malaysia publishes its updated Shariah-compliant securities list twice a year, in May and November, based on each company's most recent annual financial statements. HalalScreener mirrors the SC's official list and updates immediately after each publication.

Screened according to AAOIFI Standard No. 21 路 For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.