Hong Kong Exchanges and Clearing Limited (0388.HK) is currently considered not halal (non-compliant), per In-house ratio engine (last assessed 2026-08-27). See the full ratio breakdown and business-activity screen below for the reasoning.
⚠️ Financial ratios are only half the screen, and this verdict does not rest on them. Our business-activity screen classifies Hong Kong Exchanges and Clearing Limited under conventional finance, which is an excluded sector — so the verdict is non-compliant even though some ratios below pass. Business activity is a hard gate that ratio math never captures.
Computed from Yahoo Finance fundamentals (Tier-4 provider, no filing available), balance sheet as of 2025-12-31. 0388.HK files no SEC reports, so these ratios come from the issuer's own published statements rather than XBRL.
Business activity: conventional_finance
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 0.32% | 30.00% | Pass |
| Interest-bearing investments | 60.25% | 30.00% | Fail |
| Non-permissible income | 41.01% | 5.00% | Fail |
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 0.29% | 33.00% | Pass |
| Interest-bearing investments | 54.80% | 33.00% | Fail |
| Non-liquid assets | 33.50% | at least 20.00% | Pass |
| Non-permissible income | 41.01% | 5.00% | Fail |
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 0.29% | 33.33% | Pass |
| Cash + interest-bearing securities | 54.80% | 33.33% | Fail |
| Accounts receivable | 66.50% | 33.33% | Fail |
| Non-permissible income | 41.01% | 5.00% | Fail |
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 0.29% | 33.33% | Pass |
| Cash + interest-bearing securities | 54.80% | 33.33% | Fail |
| Accounts receivable | 66.50% | 50.00% | Fail |
| Non-permissible income | 41.01% | 5.00% | Fail |
Scored against a trailing-average market cap (24-month), share-weighted by the issuer's own reported share counts — not today's market cap.
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 0.35% | 33.00% | Pass |
| Cash + interest-bearing securities | 64.87% | 33.00% | Fail |
| Accounts receivable | 13.85% | 33.00% | Pass |
| Non-permissible income | 41.01% | 5.00% | Fail |
Scored against a trailing-average market cap (36-month), share-weighted by the issuer's own reported share counts — not today's market cap.
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 0.39% | 33.00% | Pass |
| Cash + interest-bearing securities | 73.37% | 49.00% | Fail |
| Accounts receivable | 15.67% | 49.00% | Pass |
| Non-permissible income | 41.01% | 5.00% | Fail |
Scored against a trailing-average market cap (36-month), share-weighted by the issuer's own reported share counts — not today's market cap.
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 0.39% | 33.33% | Pass |
| Cash + interest-bearing securities | 73.37% | 33.33% | Fail |
| Accounts receivable | 89.04% | 49.00% | Fail |
| Non-permissible income | 41.01% | 5.00% | Fail |
Research only, not investment advice. Thresholds are each standard-setter's published limits; a ratio marked “at least” is a floor, not a ceiling.
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Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.
The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally above. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 38.10 | NEUTRAL |
| Stochastic %K (14) | 12.18 | BUY |
| CCI (20) | -166.05 | BUY |
| Williams %R (14) | -87.82 | BUY |
| MACD (12,26,9) | -2.53 | SELL |
| ROC (10) | -5.76 | SELL |
| Momentum (10) | -23.99 | SELL |
| EMA (10) | 401.91 | SELL |
| SMA (10) | 403.60 | SELL |
| EMA (20) | 403.48 | SELL |
| SMA (20) | 406.52 | SELL |
| EMA (30) | 402.42 | SELL |
| SMA (30) | 405.18 | SELL |
| EMA (50) | 399.70 | SELL |
| SMA (50) | 398.08 | SELL |
| EMA (100) | 397.55 | SELL |
| SMA (100) | 395.13 | SELL |
| EMA (200) | 401.91 | SELL |
| SMA (200) | 397.62 | SELL |
Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.
Financial Services · Financial Data & Stock Exchanges
Hong Kong Exchanges and Clearing Limited, together with its subsidiaries, owns and operates stock and futures exchanges, and related clearing houses in Hong Kong, the United Kingdom, and Mainland China. It operates through Cash, Equity and Financial Derivatives, Commodities, and Data and Connectivity segments. The Cash segment covers various equity products traded on the cash market platforms of the Stock Exchange of Hong Kong Limited, as well as through the Shanghai-Hong Kong and the Shenzhen-Hong Kong stock connects; clearing, settlement and custodian, listing, depository, and nominee services; and other related activities. Its Equity and Financial Derivatives segment provides and maintains trading and clearing platforms for a range of equity and financial derivative products, such as stock and equity index futures and options, derivative warrants, callable bull/bear contracts and warrants, and over the counter derivatives contracts. The Commodities segment operates an exchange for the trading of base and ferrous metals futures and options contracts in the United Kingdom; and operates Qianhai Mercantile Exchange Co., Ltd., a commodity trading platform in Mainland China. This segment also covers commodities contracts traded on Futures Exchange. Its Data and Connectivity segment offers various services that provides access to the platform and infrastructure, as well as services of BayConnect Technology Company Limited; network, terminal user, data line and software sublicense, and hosting services; and sells market data relating to the Hong Kong cash and derivatives markets. The company serves issuers and investors. Hong Kong Exchanges and Clearing Limited was incorporated in 1999 and is based in Central, Hong Kong.
Background via Yahoo Finance — informational, not part of the verdict.
Peer movement computing — it will appear here on its own.
NO DATA 0 buys · 0 sells
NEUTRAL report date 2026-09-01 · Asset managers net 934180 (-19048)
Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.