Nano Magic, Inc. engages in the development, marketing, and sale of consumer and industrial products enabled by nanotechnology. The company is headquartered in Miami, Florida and currently employs 13 full-time employees. The firm develops, commercializes and markets nanotechnology-powered consumer and industrial cleaners and coatings to clean, protect, and enhance products. Its consumer products include lens and screen cleaners and coatings, antifog solutions, household and automotive cleaners and protective coatings sold direct to consumers and in big box retail. The firm also sells branded and private label cleaners and coatings in the optical, safety, and industrial channels. Its consumer products are sold as liquids and as wet and dry towelettes and industrial coating products are typically sold in liquid form. The company has multiple product technology platforms that offer solutions to common surface problems, such as ease of cleaning, preventing fogging, preventing accumulation of dirt or grime, improving resistance to scuffing and wear and surface protection.
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FAQ's for Nano Magic Inc (NMGX)
As of August 2026, Nano Magic Inc NMGX 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 Nano Magic Inc using these criteria to determine its compliance status.
Muslim investors may consider investing in Nano Magic Inc 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 Nano Magic Inc 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 Nano Magic Inc 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 Nano Magic Inc 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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