Is BRASKEM SA (BAK) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 3764.1% / 30% | 856.3% / 30% | 332.1% / 30% | 1.62% / 5% | ✗ NOT HALAL |
| DJIM | 3764.1% / 33% | 856.3% / 33% | 332.1% / 33% | 1.62% / 5% | ✗ NOT HALAL |
| MSCI | 72.6% / 33% | 16.5% / 33% | 6.4% / 33% | 1.62% / 5% | ✗ NOT HALAL |
| S&P | 3764.1% / 33% | 856.3% / 33% | 332.1% / 33% | 1.62% / 5% | ✗ NOT HALAL |
| FTSE | 72.6% / 33% | 16.5% / 33% | 6.4% / 50% | 1.62% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 4.4% | |
| Operating Margin | -9.7% | |
| Net Margin | -7.1% | |
| Return on Assets (ROA) | -2.8% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $2.4B |
| Free Cash Flow | -$1.3B |
| Total Debt | $73.7B |
| Current Ratio | 1.2 |
| Total Assets | $101.6B |
Price & Trading
| Last Close | $3.94 |
| 50-Day MA | $3.93 |
| 200-Day MA | $3.25 |
| Avg Volume | 2.1M |
| Beta | 0.9 |
|
52-Week Range
$2.32
| |
About BRASKEM SA (BAK)
Braskem S.A., together with its subsidiaries, engages in the manufacture, sale, import, and export of chemicals, petrochemicals, and fuels in Brazil. It produces and sells polyethylene (PE), polypropylene, tertiary-butyl ethyl ether, gasoline, benzene, toluene, xylene, ethylene, propylene, polyvinyl chloride, caustic soda, butadiene, cumene, naphtha, solvents, and condensate; thermoplastic resins; and basic petrochemicals. The company also supplies electricity and other inputs to second-generation producers; and sale of utilities such as steam, water, compressed air and industrial gases, as well as provides industrial services and natural gas. It also operates in the United States, Mexico, Switzerland, Argentina, Germany, Japan, the Netherlands, Singapore, Chile, Spain, Peru, Italy, Luxembourg, China, and internationally. The company was formerly known as Copene Petroquímica do Nordeste S.A. and changed its name to Braskem S.A. in 2002. Braskem S.A. was founded in 1972 and is headquartered in São Paulo, Brazil. Braskem S.A. is a subsidiary of NSP Investimentos S.A.
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Frequently Asked Questions
Is BRASKEM SA (BAK) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), BRASKEM SA is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is BRASKEM SA's debt ratio?
BRASKEM SA's debt ratio is 3764.1% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 72.6%.
What are BRASKEM SA's key financial metrics?
BRASKEM SA has a market capitalization of $1.4B, and revenue of $77.4B. The company maintains a gross margin of 4.4% and a net margin of -7.1%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.