Is GLOBAL TECH INDUSTRIES GROUP, INC. (GTII) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2023
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 141.8% / 30% | 33.0% / 30% | 0.0% / 30% | N/A | ✗ NOT HALAL |
| DJIM | 141.8% / 33% | 33.0% / 33% | 0.0% / 33% | N/A | ✗ NOT HALAL |
| MSCI | 423.4% / 33% | 98.6% / 33% | 0.0% / 33% | N/A | ✗ NOT HALAL |
| S&P | 141.8% / 33% | 33.0% / 33% | 0.0% / 33% | N/A | ✗ NOT HALAL |
| FTSE | 423.4% / 33% | 98.6% / 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 Equity (ROE) | -7988.6% | |
| Return on Assets (ROA) | -428.7% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$4M |
| Free Cash Flow | -$4M |
| Total Debt | $5M |
| Current Ratio | 0.4 |
| Total Assets | $1M |
Price & Trading
| Last Close | $0.02 |
| 50-Day MA | $0.02 |
| 200-Day MA | $0.07 |
| Avg Volume | 16K |
| Beta | -5.6 |
|
52-Week Range
$0.00
| |
About GLOBAL TECH INDUSTRIES GROUP, INC. (GTII)
Global Tech Industries Group, Inc. does not significant operations. Previously, the company was engaged in operation of a cryptocurrency marketplace in the United States. It intends to acquire companies with significant growth opportunities. The company was formerly known as Tree Top Industries, Inc. and changed its name to Global Tech Industries Group, Inc. in July 2016. Global Tech Industries Group, Inc. is based in New York, New York.
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Frequently Asked Questions
Is GLOBAL TECH INDUSTRIES GROUP, INC. (GTII) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), GLOBAL TECH INDUSTRIES 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 GLOBAL TECH INDUSTRIES GROUP, INC.'s debt ratio?
GLOBAL TECH INDUSTRIES GROUP, INC.'s debt ratio is 141.8% 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 423.4%.
What are GLOBAL TECH INDUSTRIES GROUP, INC.'s key financial metrics?
GLOBAL TECH INDUSTRIES GROUP, INC. has a market capitalization of $4M. Return on equity stands at -7988.6%.
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.