NeoMagic Corp. engages in development, manufacturing, and sale of applications processors for the hand-held systems market. The company is headquartered in Milpitas, California and currently employs 4 full-time employees. The firm markets its applications processors under the MiMagic brand name. The company designs and delivers consumer electronic device solutions with semiconductors and software for video, television, imaging, graphics, and audio. Its applications processors are sold under the MiMagic brand name. The company is developing and delivering solutions for audio/video processing of the dominant mobile digital TV standards, including integrated services, digital broadcasting - terrestrial (ISDB-T), terrestrial-digital multimedia broadcasting (T-DMB) and digital video broadcasting handheld (DVB-H). The company delivers a suite of middleware and sample applications for imaging, video, and audio functionality, and provides multiple operating system ports. Its system-on-a-chip (SOC) processors include MiMagic 6+ Application Processor, NeoMobile TV, and MiMagic 8 Application Processor.
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As of August 2026, NeoMagic Corp NMGC is classified as not covered according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes NeoMagic Corp using these criteria to determine its compliance status.
Muslim investors may consider investing in NeoMagic Corp if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
Musaffa determines the Shariah status of NeoMagic Corp by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
The Shariah compliance status of NeoMagic Corp may be updated periodically when new financial statements, earnings reports, or business activity information become available.
Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
You can check the latest Shariah compliance status of NeoMagic Corp on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
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