Is ITP (ITP) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 305.4% / 30% | 188.2% / 30% | 429.5% / 30% | 0.02% / 5% | ✗ NOT HALAL |
| DJIM | 305.4% / 33% | 188.2% / 33% | 429.5% / 33% | 0.02% / 5% | ✗ NOT HALAL |
| MSCI | 5.4% / 33% | 3.3% / 33% | 7.6% / 33% | 0.02% / 5% | ✓ HALAL |
| S&P | 305.4% / 33% | 188.2% / 33% | 429.5% / 33% | 0.02% / 5% | ✗ NOT HALAL |
| FTSE | 5.4% / 33% | 3.3% / 33% | 7.6% / 50% | 0.02% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 5.7% | |
| Operating Margin | -3.9% | |
| Net Margin | -13.9% | |
| Return on Equity (ROE) | -6.9% | |
| Return on Assets (ROA) | -3.4% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $6M |
| Free Cash Flow | $6M |
| Total Debt | $10M |
| Debt-to-Equity | 6.7 |
| Current Ratio | 1.9 |
| Total Assets | $178M |
Price & Trading
| Last Close | $0.18 |
| 50-Day MA | $0.20 |
| 200-Day MA | $0.22 |
| Avg Volume | 188K |
| Beta | -0.4 |
|
52-Week Range
$0.15
| |
About ITP (ITP)
IT Tech Packaging, Inc., together with its subsidiaries, produces and distributes paper products in the People's Republic of China. It operates in three segments: Dongfang Paper, Tengsheng Paper, and Baoding Shengde. The company offers corrugating medium papers to companies making corrugating cardboard; and offset printing papers to printing companies. It also provides tissue paper products, including toilet paper, boxed and soft-packed tissues, handkerchief tissues, and paper napkins, as well as bathroom and kitchen paper towels under the Dongfang Paper brand. In addition, the company produces and sells digital photo paper, non-medical single-use face masks, and medical face masks. The company was formerly known as Orient Paper, Inc. and changed its name to IT Tech Packaging, Inc. in August 2018. IT Tech Packaging, Inc. is headquartered in Baoding, the People's' Republic of China.
Related Halal Stocks in Basic Materials
Frequently Asked Questions
Is ITP (ITP) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), ITP 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 ITP's debt ratio?
ITP's debt ratio is 305.4% 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 5.4%.
What are ITP's key financial metrics?
ITP has a market capitalization of $3M, and revenue of $76M. The company maintains a gross margin of 5.7% and a net margin of -13.9%. Return on equity stands at -6.9%.
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.