XIACF Shariah Compliance
Screening Methodology: AAOIFI
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Xiaomi Corp. Stock Analysis XIACF
Xiaomi Corp. engages in the design, manufacture and sale of smartphone, hardware and software products. The company is headquartered in Beijing, Beijing and currently employs 43,688 full-time employees. The company went IPO on 2018-07-09. The firm conducts its businesses primarily through four segments. The Smartphone segment is primarily engaged in the sales of smartphones. The IoT and lifestyle products segment primarily sells other in-house products (including smart TVs, laptops, artificial intelligence (AI) speakers and smart routers), ecological chain products (including IoT and other smart hardware products) and some consumer products. The Internet Services segment provides advertising services and Internet value-added services such as online games and fintech businesses. The Other segment provides hardware product repair services. The firm is also engaged in smart electric vehicles and other related businesses.
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Halal stocks refer to shares of companies that comply with Islamic finance principles, meaning they do not engage in businesses related to alcohol, gambling, pork, or interest-based financial services.