Is Glucotrack, Inc. (GCTK) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 17.5% / 30% | 367.8% / 30% | 0.0% / 30% | N/A | ✗ NOT HALAL |
| DJIM | 17.5% / 33% | 367.8% / 33% | 0.0% / 33% | N/A | ✗ NOT HALAL |
| MSCI | 4.5% / 33% | 94.7% / 33% | 0.0% / 33% | N/A | ✗ NOT HALAL |
| S&P | 17.5% / 33% | 367.8% / 33% | 0.0% / 33% | N/A | ✗ NOT HALAL |
| FTSE | 4.5% / 33% | 94.7% / 33% | 0.0% / 50% | N/A | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 0.0% | |
| Operating Margin | 0.0% | |
| Net Margin | 0.0% | |
| Return on Assets (ROA) | -225.7% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$12M |
| Free Cash Flow | -$13M |
| Total Debt | $267,000 |
| Debt-to-Equity | 119.9 |
| Current Ratio | 1.5 |
| Total Assets | $6M |
Price & Trading
| Last Close | $1.09 |
| 50-Day MA | $1.87 |
| 200-Day MA | $4.89 |
| Avg Volume | 350K |
| Beta | 0.4 |
|
52-Week Range
$0.96
| |
About Glucotrack, Inc. (GCTK)
GlucoTrack, Inc., a medical device company, focuses on the development of an implantable continuous blood glucose monitor (CBGM) for people with diabetes in the United States. The company develops the GlucoTrack, a non-invasive glucose monitoring device that helps people with diabetes and pre-diabetics to obtain blood glucose level readings without the pain through a small sensor clipped onto the earlobe. It is also developing the GlucoTrack CBGM, a long-term implantable blood-based CBGM for use by Type 1 diabetes patients and insulin-dependent Type 2 diabetes patients. The company was formerly known as Integrity Applications, Inc. and changed its name to GlucoTrack, Inc. in November 2021. GlucoTrack, Inc. was founded in 2001 and is based in Rutherford, New Jersey.
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Frequently Asked Questions
Is Glucotrack, Inc. (GCTK) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Glucotrack, 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 Glucotrack, Inc.'s debt ratio?
Glucotrack, Inc.'s debt ratio is 17.5% 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 4.5%.
What are Glucotrack, Inc.'s key financial metrics?
Glucotrack, Inc. has a market capitalization of $1M.
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.