Is Fly-E Group, Inc. (FLYE) Halal?
Shariah Screening — 5 Standards
Based on financial data from March 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 576.1% / 30% | 25.4% / 30% | 38.9% / 30% | 0.04% / 5% | ✗ NOT HALAL |
| DJIM | 576.1% / 33% | 25.4% / 33% | 38.9% / 33% | 0.04% / 5% | ✗ NOT HALAL |
| MSCI | 56.6% / 33% | 2.5% / 33% | 3.8% / 33% | 0.04% / 5% | ✗ NOT HALAL |
| S&P | 576.1% / 33% | 25.4% / 33% | 38.9% / 33% | 0.04% / 5% | ✗ NOT HALAL |
| FTSE | 56.6% / 33% | 2.5% / 33% | 3.8% / 50% | 0.04% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 38.5% | |
| Operating Margin | -26.8% | |
| Net Margin | -38.8% | |
| Return on Equity (ROE) | -53.2% | |
| Return on Assets (ROA) | -10.5% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$10M |
| Free Cash Flow | -$13M |
| Total Debt | $19M |
| Debt-to-Equity | 100.0 |
| Current Ratio | 1.9 |
| Total Assets | $34M |
Price & Trading
| Last Close | $2.11 |
| 50-Day MA | $3.37 |
| 200-Day MA | $29.75 |
| Avg Volume | 366K |
|
52-Week Range
$1.68
| |
About Fly-E Group, Inc. (FLYE)
Fly-E Group, Inc., through its subsidiaries, designs, installs, and sells smart electric motorcycles, electric bikes, electric scooters, and related accessories under the Fly E-Bike brand in the United States, Mexico, and Canada. The company offers e-mopeds, e-motorcycles, e-tricycles, and e-scooters; e-bikes, including city, foldable, standard; and traditional bikes. It also provides accessories and spare parts, such as raincoats, gloves, knee pads, storage baskets and tail boxes, smart phone holders, backrests, locks, and branded apparel; and upgrade components for wheels, shock absorbers, brake calipers, and carbon fiber body panels. In addition, the company offers after sales services consisting of repair; maintenance services, including exterior check, mechanical structure, motor system check, electrification, battery maintenance, tire pressure check, and cleaning services; and other value-added services, such as GPS add-on and installation, and theft reporting services. It sells its products to food delivery workers through distributors, and its retail and online stores. Fly-E Group, Inc. was founded in 2018 and is based in Flushing, New York.
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Frequently Asked Questions
Is Fly-E Group, Inc. (FLYE) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Fly-E Group, 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 Fly-E Group, Inc.'s debt ratio?
Fly-E Group, Inc.'s debt ratio is 576.1% 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 56.6%.
What are Fly-E Group, Inc.'s key financial metrics?
Fly-E Group, Inc. has a market capitalization of $3M, and revenue of $25M. The company maintains a gross margin of 38.5% and a net margin of -38.8%. Return on equity stands at -53.2%.
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.