Northern Data AG (NB2.MU) is currently considered not halal (non-compliant), per In-house ratio engine (last assessed 2026-08-28). See the full ratio breakdown and business-activity screen below for the reasoning.
⚠️ Financial ratios are only half the screen. A company whose core business is in an excluded sector — weapons/defense, alcohol, gambling, conventional (interest-based) finance, tobacco, pork, or adult entertainment — is non-compliant even if every debt and income ratio passes. So passing ratios below don't override this verdict; check the business-activity screen for the reason.
Computed from Yahoo Finance fundamentals (Tier-4 provider, no filing available), balance sheet as of 2025-12-31. NB2.MU files no SEC reports, so these ratios come from the issuer's own published statements rather than XBRL.
Business activity: cleared (no excluded categories detected)
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 233.37% | 30.00% | Fail |
| Interest-bearing investments | 15.34% | 30.00% | Pass |
| Non-permissible income | 2.23% | 5.00% | Pass |
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 69.47% | 33.00% | Fail |
| Interest-bearing investments | 4.57% | 33.00% | Pass |
| Non-liquid assets | 94.62% | at least 20.00% | Pass |
| Non-permissible income | 2.23% | 5.00% | Pass |
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 69.47% | 33.33% | Fail |
| Cash + interest-bearing securities | 4.57% | 33.33% | Pass |
| Accounts receivable | 5.38% | 33.33% | Pass |
| Non-permissible income | 2.23% | 5.00% | Pass |
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 69.47% | 33.33% | Fail |
| Cash + interest-bearing securities | 4.57% | 33.33% | Pass |
| Accounts receivable | 5.38% | 50.00% | Pass |
| Non-permissible income | 2.23% | 5.00% | Pass |
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 | 68.59% | 33.00% | Fail |
| Cash + interest-bearing securities | 4.51% | 33.00% | Pass |
| Accounts receivable | 0.81% | 33.00% | Pass |
| Non-permissible income | 2.23% | 5.00% | Pass |
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 | 76.15% | 33.00% | Fail |
| Cash + interest-bearing securities | 5.00% | 49.00% | Pass |
| Accounts receivable | 0.90% | 49.00% | Pass |
| Non-permissible income | 2.23% | 5.00% | Pass |
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 | 76.15% | 33.33% | Fail |
| Cash + interest-bearing securities | 5.00% | 33.33% | Pass |
| Accounts receivable | 5.90% | 49.00% | Pass |
| Non-permissible income | 2.23% | 5.00% | Pass |
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) | 42.70 | NEUTRAL |
| Stochastic %K (14) | 27.47 | NEUTRAL |
| CCI (20) | -78.05 | NEUTRAL |
| Williams %R (14) | -72.53 | NEUTRAL |
| MACD (12,26,9) | 0.05 | BUY |
| ROC (10) | -12.86 | SELL |
| Momentum (10) | -0.85 | SELL |
| EMA (10) | 5.81 | BUY |
| SMA (10) | 5.79 | BUY |
| EMA (20) | 6.06 | SELL |
| SMA (20) | 6.03 | SELL |
| EMA (30) | 6.42 | SELL |
| SMA (30) | 6.19 | SELL |
| EMA (50) | 7.20 | SELL |
| SMA (50) | 6.94 | SELL |
| EMA (100) | 8.74 | SELL |
| SMA (100) | 9.49 | SELL |
| EMA (200) | 10.85 | SELL |
| SMA (200) | 11.02 | 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.
Technology · Information Technology Services
Northern Data AG develops and operates high-performance computing (HPC) and artificial intelligence (AI) solutions in Europe and North America. The company operates through Taiga Cloud and Ardent Data Centers segment. It offers computing services; hosting and colocation services; computing power for generative AI purposes and cloud computing and graphics processing units (GPU) hardware related services. The company also provides data centers and managed infrastructure optimized for AI and HPC needs; and procures, installs, and manages server hardware. In addition, it offers infrastructure as a service and platform as a service. The company was formerly known as Northern Bitcoin AG and changed its name to Northern Data AG in January 2020. Northern Data AG was founded in 2008 and is headquartered in Frankfurt am Main, Germany. As of June 17, 2026, Northern Data AG operates as a subsidiary of Rumble Inc.
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.
