Is BTC Digital Ltd. (BTCT) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 6.5% / 30% | 114.3% / 30% | 43.2% / 30% | 0.0% / 5% | ✗ NOT HALAL |
| DJIM | 6.5% / 33% | 114.3% / 33% | 43.2% / 33% | 0.0% / 5% | ✗ NOT HALAL |
| MSCI | 2.1% / 33% | 36.2% / 33% | 13.7% / 33% | 0.0% / 5% | ✗ NOT HALAL |
| S&P | 6.5% / 33% | 114.3% / 33% | 43.2% / 33% | 0.0% / 5% | ✗ NOT HALAL |
| FTSE | 2.1% / 33% | 36.2% / 33% | 13.7% / 50% | 0.0% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | -6.9% | |
| Operating Margin | -87.7% | |
| Net Margin | -43.4% | |
| Return on Equity (ROE) | -19.1% | |
| Return on Assets (ROA) | -12.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $2M |
| Free Cash Flow | -$1M |
| Total Debt | $853,000 |
| Debt-to-Equity | 0.9 |
| Current Ratio | 75.2 |
| Total Assets | $41M |
Price & Trading
| Last Close | $1.13 |
| 50-Day MA | $1.31 |
| 200-Day MA | $2.20 |
| Avg Volume | 82K |
| Beta | 5.8 |
|
52-Week Range
$1.07
| |
About BTC Digital Ltd. (BTCT)
BTC Digital Ltd., a crypto asset technology company, engages in bitcoin mining business in the United States. It is also involved in mining machines resale and rental business. The company was formerly known as Meten Holding Group Ltd. and changed its name to BTC Digital Ltd. in August 2023. The company was founded in 2006 and is headquartered in Singapore.
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Frequently Asked Questions
Is BTC Digital Ltd. (BTCT) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), BTC Digital Ltd. 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 BTC Digital Ltd.'s debt ratio?
BTC Digital Ltd.'s debt ratio is 6.5% 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 2.1%.
What are BTC Digital Ltd.'s key financial metrics?
BTC Digital Ltd. has a market capitalization of $10M, and revenue of $12M. The company maintains a gross margin of -6.9% and a net margin of -43.4%. Return on equity stands at -19.1%.
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.