Is HiTek Global Inc. (HKIT) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 9.4% / 30% | 111.9% / 30% | 10.5% / 30% | 31.71% / 5% | ✗ NOT HALAL |
| DJIM | 9.4% / 33% | 111.9% / 33% | 10.5% / 33% | 31.71% / 5% | ✗ NOT HALAL |
| MSCI | 6.1% / 33% | 72.6% / 33% | 6.8% / 33% | 31.71% / 5% | ✗ NOT HALAL |
| S&P | 9.4% / 33% | 111.9% / 33% | 10.5% / 33% | 31.71% / 5% | ✗ NOT HALAL |
| FTSE | 6.1% / 33% | 72.6% / 33% | 6.8% / 50% | 31.71% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 12.5% | |
| Operating Margin | -181.7% | |
| Net Margin | -106.7% | |
| Return on Equity (ROE) | -6.2% | |
| Return on Assets (ROA) | -4.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$688,538 |
| Free Cash Flow | -$979,026 |
| Total Debt | $3M |
| Debt-to-Equity | 7.5 |
| Current Ratio | 14.3 |
| Total Assets | $42M |
Price & Trading
| Last Close | $0.06 |
| 50-Day MA | $1.53 |
| 200-Day MA | $1.68 |
| Avg Volume | 92K |
| Beta | 1.4 |
|
52-Week Range
$0.03
| |
About HiTek Global Inc. (HKIT)
Hitek Global Inc., through its subsidiaries, provides information technology (IT) consulting and solutions services to small and medium, and large businesses in China. The company offers anti-counterfeiting tax control system (ACTCS) tax devices, including golden tax disk and printers, ACTCS services, and IT services; and sells software and hardware to large businesses, such as laptops, printers, desktop computers, and related accessories, as well as internet servers, cameras, and monitors. It also sells communication interface system, a software used by petrochemical and coal businesses to collect industrial, electricity, facility pressure, and temperature statistics and convert to readable format for analytical purposes. In addition, the company provides IT maintenance services. Hitek Global Inc. was founded in 1996 and is headquartered in Xiamen, China.
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Frequently Asked Questions
Is HiTek Global Inc. (HKIT) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), HiTek Global 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 HiTek Global Inc.'s debt ratio?
HiTek Global Inc.'s debt ratio is 9.4% 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 6.1%.
What are HiTek Global Inc.'s key financial metrics?
HiTek Global Inc. has a market capitalization of $2M, and revenue of $3M. The company maintains a gross margin of 12.5% and a net margin of -106.7%. Return on equity stands at -6.2%.
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.