Is NEW GERMANY FUND INC (GF) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Asset Management | ✗ NOT HALAL | |||
| DJIM | Excluded — Asset Management | ✗ NOT HALAL | |||
| MSCI | Excluded — Asset Management | ✗ NOT HALAL | |||
| S&P | Excluded — Asset Management | ✗ NOT HALAL | |||
| FTSE | Excluded — Asset Management | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 100.0% | |
| Operating Margin | -222.1% | |
| Net Margin | 1498.0% | |
| Return on Equity (ROE) | 31.0% | |
| Return on Assets (ROA) | 0.4% |
Cash Flow & Balance Sheet
| Debt-to-Equity | 13.2 |
| Current Ratio | 1.0 |
| Total Assets | $161M |
Price & Trading
| Last Close | $10.21 |
| 50-Day MA | $11.56 |
| 200-Day MA | $11.51 |
| Avg Volume | 17K |
| Beta | 0.9 |
|
52-Week Range
$8.80
| |
About NEW GERMANY FUND INC (GF)
The New Germany Fund Inc. is a closed ended equity mutual fund launched by Deutsche Investment Management Americas Inc. The fund is managed by Deutsche Asset Management International GmbH. It invests in the public equity markets of Germany. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in stocks of small and mid cap companies. The fund benchmarks the performance of its portfolio against the Midcap Market Performance Index. The New Germany Fund Inc. was formed on January 16, 1990 and is domiciled in Germany.
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Frequently Asked Questions
Is NEW GERMANY FUND INC (GF) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), NEW GERMANY FUND 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 NEW GERMANY FUND INC's debt ratio?
NEW GERMANY FUND INC's debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are NEW GERMANY FUND INC's key financial metrics?
NEW GERMANY FUND INC has a market capitalization of $165M, trailing P/E ratio of 3.0, and revenue of -$19M. The company maintains a gross margin of 100.0% and a net margin of 1498.0%. Return on equity stands at 31.0%.
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.