Is Health In Tech, Inc. (HIT) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 0.2% / 30% | 7.4% / 30% | 2.0% / 30% | 0.63% / 5% | ✓ HALAL |
| DJIM | 0.2% / 33% | 7.4% / 33% | 2.0% / 33% | 0.63% / 5% | ✓ HALAL |
| MSCI | 1.3% / 33% | 49.8% / 33% | 13.6% / 33% | 0.63% / 5% | ✗ NOT HALAL |
| S&P | 0.2% / 33% | 7.4% / 33% | 2.0% / 33% | 0.63% / 5% | ✓ HALAL |
| FTSE | 1.3% / 33% | 49.8% / 33% | 13.6% / 50% | 0.63% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 62.8% | |
| Operating Margin | -2.3% | |
| Net Margin | 3.8% | |
| Return on Equity (ROE) | 8.4% | |
| Return on Assets (ROA) | 4.9% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $2M |
| Free Cash Flow | $1M |
| Total Debt | $206,692 |
| Debt-to-Equity | 0.8 |
| Current Ratio | 3.1 |
| Total Assets | $16M |
Price & Trading
| Last Close | $1.61 |
| 50-Day MA | $1.43 |
| 200-Day MA | $1.94 |
| Avg Volume | 379K |
|
52-Week Range
$0.51
| |
About Health In Tech, Inc. (HIT)
Health In Tech, Inc. operates as an insurance technology platform company. The company offers reference-based pricing, group insurance captives, community health plans, and association health programs for small businesses; and enhance do it yourself benefit system (eDIYBS), a web-based SaaS quoting platform to quote health insurance for small and medium sized employers. It also provides health intelligence (HI) card to streamline the management of medical records and claims; and HI performance network, which offers a series of hospital facilities, as well as delivers medicare-based reimbursement pricing. Health In Tech, Inc. was founded in 2014 and is headquartered in Stuart, Florida.
Purification Calculator
As a halal stock with 0.63% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is Health In Tech, Inc. (HIT) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Health In Tech, Inc. is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Health In Tech, Inc.'s debt ratio?
Health In Tech, Inc.'s debt ratio is 0.2% 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 1.3%.
Does Health In Tech, Inc. require dividend purification?
Yes, Health In Tech, Inc. has an impermissible income ratio of 0.63%, which means 0.63% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are Health In Tech, Inc.'s key financial metrics?
Health In Tech, Inc. has a market capitalization of $83M, trailing P/E ratio of 69.5, and revenue of $19M. The company maintains a gross margin of 62.8% and a net margin of 3.8%. Return on equity stands at 8.4%.
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.