Is HireQuest, Inc. (HQI) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 4.5% / 30% | 1.4% / 30% | 28.0% / 30% | 1.61% / 5% | ✓ HALAL |
| DJIM | 4.5% / 33% | 1.4% / 33% | 28.0% / 33% | 1.61% / 5% | ✓ HALAL |
| MSCI | 7.4% / 33% | 2.4% / 33% | 46.3% / 33% | 1.61% / 5% | ✗ NOT HALAL |
| S&P | 4.5% / 33% | 1.4% / 33% | 28.0% / 33% | 1.61% / 5% | ✓ HALAL |
| FTSE | 7.4% / 33% | 2.4% / 33% | 46.3% / 50% | 1.61% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 100.0% | |
| Operating Margin | 31.5% | |
| Net Margin | 21.9% | |
| Return on Equity (ROE) | 11.1% | |
| Return on Assets (ROA) | 4.7% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $12M |
| Free Cash Flow | $12M |
| Total Debt | $7M |
| Debt-to-Equity | 3.2 |
| Current Ratio | 2.4 |
| Total Assets | $94M |
Price & Trading
| Last Close | $10.03 |
| 50-Day MA | $10.98 |
| 200-Day MA | $9.86 |
| Avg Volume | 26K |
| Beta | 1.0 |
|
52-Week Range
$7.38
| |
About HireQuest, Inc. (HQI)
HireQuest, Inc. provides staffing solutions in the United States. The company offers direct-dispatch, executive search, commercial staffing, unskilled and semi-skilled industrial, construction personnel, skilled and semi-skilled industrial personnel, clerical and administrative personnel, permanent placement, commercial and non-CDL drivers, skilled personnel, and executive placement and consultant services. It provides its services under the HireQuest Direct, HireQuest, Snelling, DriverQuest, HireQuest Health, Northbound Executive Search, and MRI trade names. The company serves construction, recycling, warehousing, logistics, auctioneering, manufacturing, hospitality, landscaping, and retail industries, as well as dental practices. HireQuest, Inc. was founded in 2002 and is headquartered in Goose Creek, South Carolina.
Purification Calculator
As a halal stock with 1.61% impermissible income, you need to purify your dividends.
Related Halal Stocks in Industrials
Frequently Asked Questions
Is HireQuest, Inc. (HQI) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), HireQuest, 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 HireQuest, Inc.'s debt ratio?
HireQuest, Inc.'s debt ratio is 4.5% 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 7.4%.
Does HireQuest, Inc. require dividend purification?
Yes, HireQuest, Inc. has an impermissible income ratio of 1.61%, which means 1.61% 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 HireQuest, Inc.'s key financial metrics?
HireQuest, Inc. has a market capitalization of $140M, trailing P/E ratio of 19.1, and revenue of $35M. The company maintains a gross margin of 100.0% and a net margin of 21.9%. Return on equity stands at 11.1%.
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.