Is iPower Inc. (IPW) Halal?
Shariah Screening — 5 Standards
Based on financial data from June 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 468.6% / 30% | 268.2% / 30% | 563.0% / 30% | N/A | ✗ NOT HALAL |
| DJIM | 468.6% / 33% | 268.2% / 33% | 563.0% / 33% | N/A | ✗ NOT HALAL |
| MSCI | 25.1% / 33% | 14.4% / 33% | 30.2% / 33% | N/A | ✓ HALAL |
| S&P | 468.6% / 33% | 268.2% / 33% | 563.0% / 33% | N/A | ✗ NOT HALAL |
| FTSE | 25.1% / 33% | 14.4% / 33% | 30.2% / 50% | N/A | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 42.5% | |
| Operating Margin | -34.2% | |
| Net Margin | -10.3% | |
| Return on Equity (ROE) | -24.6% | |
| Return on Assets (ROA) | -12.7% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $6M |
| Free Cash Flow | $6M |
| Total Debt | $13M |
| Debt-to-Equity | 58.7 |
| Current Ratio | 1.8 |
| Total Assets | $51M |
Price & Trading
| Last Close | $1.56 |
| 50-Day MA | $3.09 |
| 200-Day MA | $12.24 |
| Avg Volume | 333K |
| Beta | 3.5 |
|
52-Week Range
$1.36
| |
About iPower Inc. (IPW)
iPower Inc. operates as an online retailer and supplier of consumer home, pet, garden, outdoor, and consumer electronics products for commercial and home cultivators growing specialty crops, and home goods customers in the United States. The company offers grow light systems; advanced heating, ventilation, and air conditioning systems; water pumps, heaters, chillers, and filters; nutrient and fertilizer delivery systems; and various growing media products made from soil, rock wool or coconut fiber, and others. It also provides general gardening products, including environmental sensors, controls, and nutrients; and home products, which comprise commercial fans, floor and wall fans, storage and shelving units, and chairs. The company sells its products under the iPower, Simple Deluxe, and other brand names through zenhydro.com, simpledeluxe.com, and various third-party online platforms. Additionally, the company engages in the manufacturing of packaging solutions. The company was formerly known as BZRTH Inc. and changed its name to iPower Inc. in September 2020. iPower Inc. was incorporated in 2018 and is based in Rancho Cucamonga, California.
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Frequently Asked Questions
Is iPower Inc. (IPW) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), iPower 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 iPower Inc.'s debt ratio?
iPower Inc.'s debt ratio is 468.6% 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 25.1%.
What are iPower Inc.'s key financial metrics?
iPower Inc. has a market capitalization of $2M. The company maintains a gross margin of 42.5% and a net margin of -10.3%. Return on equity stands at -24.6%.
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.