Is Fatpipe Inc/UT (FATN) Halal?
Shariah Screening — 5 Standards
Based on financial data from March 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 26.1% / 30% | 11.6% / 30% | 35.5% / 30% | 0.26% / 5% | ✗ NOT HALAL |
| DJIM | 26.1% / 33% | 11.6% / 33% | 35.5% / 33% | 0.26% / 5% | ✗ NOT HALAL |
| MSCI | 23.3% / 33% | 10.3% / 33% | 31.7% / 33% | 0.26% / 5% | ✓ HALAL |
| S&P | 26.1% / 33% | 11.6% / 33% | 35.5% / 33% | 0.26% / 5% | ✗ NOT HALAL |
| FTSE | 23.3% / 33% | 10.3% / 33% | 31.7% / 50% | 0.26% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 92.3% | |
| Operating Margin | 9.8% | |
| Net Margin | 4.1% | |
| Return on Equity (ROE) | 3.4% | |
| Return on Assets (ROA) | 3.4% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$504,124 |
| Free Cash Flow | -$523,886 |
| Total Debt | $7M |
| Debt-to-Equity | 27.4 |
| Current Ratio | 2.7 |
| Total Assets | $28M |
Price & Trading
| Last Close | $2.38 |
| 50-Day MA | $1.86 |
| 200-Day MA | $4.48 |
| Avg Volume | 1.3M |
|
52-Week Range
$1.31
| |
About Fatpipe Inc/UT (FATN)
FatPipe, Inc. develops application-aware, secure software-defined wide area network, secure access service edge, and network monitoring service (NMS) software solutions in the United States, India, and internationally. The company offers SD-WAN, a network architecture solution that allows enterprises to utilize software and virtualization technologies to enhance the performance, security, and manageability of their WANs that connect offices, data centers, cloud applications, and cloud storage; SASE that provides virtual network functions, which combine networking and network security services into a single cloud-delivered solution; and NMS, a EnterpriseView reporting system for network monitoring that provides a platform to monitor an end-user's WAN and the performance of FatPipe devices under management. It also provides technical support services, professional, technology development, and training services. In addition, the company offers its solutions to enterprises, communication service providers, security service providers, government organizations, and other middle-market companies. The company sells its software solutions through a subscription-based model through a network of distributors, value-added resellers, internet service providers, and other third parties. FatPipe, Inc. was incorporated in 2010 and is headquartered in Salt Lake City, Utah.
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Frequently Asked Questions
Is Fatpipe Inc/UT (FATN) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Fatpipe Inc/UT 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 Fatpipe Inc/UT's debt ratio?
Fatpipe Inc/UT's debt ratio is 26.1% 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 23.3%.
What are Fatpipe Inc/UT's key financial metrics?
Fatpipe Inc/UT has a market capitalization of $32M, trailing P/E ratio of 46.6, and revenue of $16M. The company maintains a gross margin of 92.3% and a net margin of 4.1%. Return on equity stands at 3.4%.
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.