Is Flag Ship Acquisition Corp (FSHP) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Shell Companies | ✗ NOT HALAL | |||
| DJIM | Excluded — Shell Companies | ✗ NOT HALAL | |||
| MSCI | Excluded — Shell Companies | ✗ NOT HALAL | |||
| S&P | Excluded — Shell Companies | ✗ NOT HALAL | |||
| FTSE | Excluded — Shell Companies | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 0.0% | |
| Operating Margin | 0.0% | |
| Net Margin | 0.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$876,327 |
| Free Cash Flow | -$876,327 |
| Total Debt | $677,851 |
| Current Ratio | 0.0 |
| Total Assets | $71M |
Price & Trading
| Last Close | $10.93 |
| 50-Day MA | $10.86 |
| 200-Day MA | $10.66 |
| Avg Volume | 3K |
|
52-Week Range
$10.32
| |
About Flag Ship Acquisition Corp (FSHP)
Flag Ship Acquisition Corporation does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization with one or more businesses. The company intends to focus on businesses that have a connection to the Asian market. Flag Ship Acquisition Corporation was incorporated in 2018 and is based in New York, New York.
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Frequently Asked Questions
Is Flag Ship Acquisition Corp (FSHP) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Flag Ship Acquisition 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 Flag Ship Acquisition Corp's debt ratio?
Flag Ship Acquisition Corp's debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are Flag Ship Acquisition Corp's key financial metrics?
Flag Ship Acquisition Corp has a market capitalization of $97M, trailing P/E ratio of 42.0.
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.