Is Freight Technologies, Inc. (FRGT) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 189.2% / 30% | 11.5% / 30% | 229.3% / 30% | 0.01% / 5% | ✗ NOT HALAL |
| DJIM | 189.2% / 33% | 11.5% / 33% | 229.3% / 33% | 0.01% / 5% | ✗ NOT HALAL |
| MSCI | 58.8% / 33% | 3.6% / 33% | 71.2% / 33% | 0.01% / 5% | ✗ NOT HALAL |
| S&P | 189.2% / 33% | 11.5% / 33% | 229.3% / 33% | 0.01% / 5% | ✗ NOT HALAL |
| FTSE | 58.8% / 33% | 3.6% / 33% | 71.2% / 50% | 0.01% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | -24.4% | |
| Operating Margin | -54.3% | |
| Net Margin | -40.3% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$4M |
| Free Cash Flow | -$5M |
| Total Debt | $3M |
| Debt-to-Equity | 52.7 |
| Current Ratio | 0.9 |
| Total Assets | $6M |
Price & Trading
| Last Close | $1.03 |
| 50-Day MA | $1.23 |
| 200-Day MA | $4.89 |
| Avg Volume | 853K |
| Beta | 0.8 |
|
52-Week Range
$0.99
| |
About Freight Technologies, Inc. (FRGT)
Freight Technologies, Inc., through its subsidiary, operates as a technology company that engages in the freight management business in the United States and Mexico. It offers Fr8App platform for over-the-road business-to-business cross-border shipping; Fr8Now, a specialized service for less than truckload shipping; Fr8Fleet, a capacity service for enterprise clients; Waavely, a digital platform for ocean freight booking and management of container shipments between North America and ports worldwide; Fr8Radar to track and trace visibility for shippers and carriers; and Fleet Rocket, a transportation management system for brokers, shippers, and other logistics operators. The company is headquartered in Monterrey, Mexico.
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Frequently Asked Questions
Is Freight Technologies, Inc. (FRGT) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Freight 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 Freight Technologies, Inc.'s debt ratio?
Freight Technologies, Inc.'s debt ratio is 189.2% 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 58.8%.
What are Freight Technologies, Inc.'s key financial metrics?
Freight Technologies, Inc. has a market capitalization of $3M, trailing P/E ratio of 0.0, and revenue of $14M. The company maintains a gross margin of -24.4% and a net margin of -40.3%.
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.