Is DAQO NEW ENERGY CORP. (DQ) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 0.5% / 30% | 141.5% / 30% | 3.7% / 30% | 2.94% / 5% | ✗ NOT HALAL |
| DJIM | 0.5% / 33% | 141.5% / 33% | 3.7% / 33% | 2.94% / 5% | ✗ NOT HALAL |
| MSCI | 0.1% / 33% | 32.8% / 33% | 0.9% / 33% | 2.94% / 5% | ✓ HALAL |
| S&P | 0.5% / 33% | 141.5% / 33% | 3.7% / 33% | 2.94% / 5% | ✗ NOT HALAL |
| FTSE | 0.1% / 33% | 32.8% / 33% | 0.9% / 50% | 2.94% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | -20.7% | |
| Operating Margin | -9.4% | |
| Net Margin | -25.6% | |
| Return on Equity (ROE) | -3.7% | |
| Return on Assets (ROA) | -2.6% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$435M |
| Free Cash Flow | -$804M |
| Total Debt | $7M |
| Current Ratio | 5.4 |
| Total Assets | $6.4B |
Price & Trading
| Last Close | $21.26 |
| 50-Day MA | $23.93 |
| 200-Day MA | $25.42 |
| Avg Volume | 751K |
| Beta | 0.8 |
|
52-Week Range
$12.41
| |
About DAQO NEW ENERGY CORP. (DQ)
Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon to photovoltaic product manufacturers in the People's Republic of China. Its products are used in ingots, wafers, cells, and modules for solar power solutions. The company was formerly known as Mega Stand International Limited and changed its name to Daqo New Energy Corp. in August 2009. The company was founded in 2006 and is based in Shanghai, the People's Republic of China.
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Frequently Asked Questions
Is DAQO NEW ENERGY CORP. (DQ) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), DAQO NEW ENERGY CORP. 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 DAQO NEW ENERGY CORP.'s debt ratio?
DAQO NEW ENERGY CORP.'s debt ratio is 0.5% 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 0.1%.
What are DAQO NEW ENERGY CORP.'s key financial metrics?
DAQO NEW ENERGY CORP. has a market capitalization of $1.4B. The company maintains a gross margin of -20.7% and a net margin of -25.6%. Return on equity stands at -3.7%.
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.