Is iQSTEL Inc (IQST) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 91.8% / 30% | 28.6% / 30% | 660.8% / 30% | 0.63% / 5% | ✗ NOT HALAL |
| DJIM | 91.8% / 33% | 28.6% / 33% | 660.8% / 33% | 0.63% / 5% | ✗ NOT HALAL |
| MSCI | 10.2% / 33% | 3.2% / 33% | 73.3% / 33% | 0.63% / 5% | ✗ NOT HALAL |
| S&P | 91.8% / 33% | 28.6% / 33% | 660.8% / 33% | 0.63% / 5% | ✗ NOT HALAL |
| FTSE | 10.2% / 33% | 3.2% / 33% | 73.3% / 50% | 0.63% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 2.8% | |
| Operating Margin | -0.5% | |
| Net Margin | -2.5% | |
| Return on Equity (ROE) | -59.2% | |
| Return on Assets (ROA) | -3.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$3M |
| Free Cash Flow | -$3M |
| Total Debt | $8M |
| Debt-to-Equity | 23.3 |
| Current Ratio | 1.0 |
| Total Assets | $79M |
Price & Trading
| Last Close | $1.60 |
| 50-Day MA | $2.20 |
| 200-Day MA | $5.31 |
| Avg Volume | 89K |
| Beta | 1.7 |
|
52-Week Range
$1.48
| |
About iQSTEL Inc (IQST)
iQSTEL Inc. provides telecommunication services as a wholesale carrier of voice, short message service (SMS), and data for other telecom companies. The company offers VoIP, SMS, proprietary Internet of Things, and international fiber-optic communication services; international long-distance voice services for telecommunications operators; submarine fiber optic network capacity for internet, such as 4G and 5G; and network infrastructure services to the retail end users. It also provides international voice termination for carriers, US/Canada inbound / origination, global DIDs and toll-free numbers, private branch exchange for small businesses, and SIP trunking services; ItsBchain, a blockchain technology and solutions provider that focus on the telecom sector; financial services to immigrants; mobile number portability application services; electric motorcycles and mid speed cars; white label solutions; and Fintech ecosystem, including a debit card, US bank account, and a mobile app/wallet to manage remittances and mobile top up. The company serves wholesale carrier, government, corporate, enterprise, and small and medium companies in North America, Switzerland, Latin America, and rest of Europe. iQSTEL Inc. is based in Coral Gables, Florida.
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Frequently Asked Questions
Is iQSTEL Inc (IQST) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), iQSTEL 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 iQSTEL Inc's debt ratio?
iQSTEL Inc's debt ratio is 91.8% 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 10.2%.
What are iQSTEL Inc's key financial metrics?
iQSTEL Inc has a market capitalization of $7M, and revenue of $283M. The company maintains a gross margin of 2.8% and a net margin of -2.5%. Return on equity stands at -59.2%.
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.