Is Defi Technologies, Inc. (DEFT) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Capital Markets | ✗ NOT HALAL | |||
| DJIM | Excluded — Capital Markets | ✗ NOT HALAL | |||
| MSCI | Excluded — Capital Markets | ✗ NOT HALAL | |||
| S&P | Excluded — Capital Markets | ✗ NOT HALAL | |||
| FTSE | Excluded — Capital Markets | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 100.0% | |
| Operating Margin | 48.2% | |
| Net Margin | 12.6% | |
| Return on Equity (ROE) | 7.7% | |
| Return on Assets (ROA) | 1.3% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$91M |
| Free Cash Flow | -$91M |
| Total Debt | $10M |
| Debt-to-Equity | 13.6 |
| Current Ratio | 0.9 |
| Total Assets | $920M |
Price & Trading
| Last Close | $0.57 |
| 50-Day MA | $0.73 |
| 200-Day MA | $1.73 |
| Avg Volume | 4.0M |
| Beta | 3.9 |
|
52-Week Range
$0.47
| |
About Defi Technologies, Inc. (DEFT)
DeFi Technologies Inc., a technology company, develops exchange traded products that synthetically track the value of a single DeFi protocol or a basket of protocols in Canada. The company offers asset management services, such as indirect exposure to underlying digital assets, digital asset indexes, or other decentralized finance instruments. It is also involved in early-stage investments in companies, banks, and foundations in the digital asset space; operation of a specialized arbitrage trading desk that focuses on identifying and capitalizing on low-risk arbitrage opportunities within the digital asset market; private research that produces research reports on digital assets; and provision of OTC desk and digital asset liquidity. The company was formerly known as Valour Inc. and changed its name to DeFi Technologies Inc. in July 2023. DeFi Technologies Inc. was incorporated in 1986 and is headquartered in Toronto, Canada.
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Frequently Asked Questions
Is Defi Technologies, Inc. (DEFT) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Defi Technologies, Inc. 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 Defi Technologies, Inc.'s debt ratio?
Defi Technologies, Inc.'s debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are Defi Technologies, Inc.'s key financial metrics?
Defi Technologies, Inc. has a market capitalization of $199M, trailing P/E ratio of 48.1, and revenue of $68M. The company maintains a gross margin of 100.0% and a net margin of 12.6%. Return on equity stands at 7.7%.
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.