Is ICZOOM Group Inc. (IZM) Halal?
Shariah Screening — 5 Standards
Based on financial data from June 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 155.7% / 30% | 31.4% / 30% | 368.2% / 30% | 0.2% / 5% | ✗ NOT HALAL |
| DJIM | 155.7% / 33% | 31.4% / 33% | 368.2% / 33% | 0.2% / 5% | ✗ NOT HALAL |
| MSCI | 30.4% / 33% | 6.1% / 33% | 72.0% / 33% | 0.2% / 5% | ✗ NOT HALAL |
| S&P | 155.7% / 33% | 31.4% / 33% | 368.2% / 33% | 0.2% / 5% | ✗ NOT HALAL |
| FTSE | 30.4% / 33% | 6.1% / 33% | 72.0% / 50% | 0.2% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 3.3% | |
| Operating Margin | 0.5% | |
| Net Margin | 0.6% | |
| Return on Equity (ROE) | 7.8% | |
| Return on Assets (ROA) | 1.5% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $2M |
| Free Cash Flow | $2M |
| Total Debt | $12M |
| Debt-to-Equity | 98.9 |
| Current Ratio | 1.6 |
| Total Assets | $40M |
Price & Trading
| Last Close | $0.45 |
| 50-Day MA | $0.92 |
| 200-Day MA | $1.79 |
| Avg Volume | 80K |
| Beta | 1.6 |
|
52-Week Range
$0.37
| |
About ICZOOM Group Inc. (IZM)
ICZOOM Group Inc., together with its subsidiaries, sells electronic component products through its e-commerce trading platform in the People's Republic of China. The company provides semiconductor products, including various integrated circuits, discretes, passive components, and optoelectronics; and equipment, tools, and other electronic component products comprising various electromechanical, maintenance, repair and operation, and various design tools. Its products are used by small and medium-sized enterprises in the consumer electronics industry, Internet of Things, automotive electronics, and industry control segments. The company sells its products through its online platform. It also offers customs clearance, temporary warehousing, logistics, and shipping services. The company was formerly known as Horizon Business Intelligence Co., Limited and changed its name to ICZOOM Group Inc. in May 2018. ICZOOM Group Inc. was founded in 2012 and is headquartered in Shenzhen, the People's Republic of China.
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Frequently Asked Questions
Is ICZOOM Group Inc. (IZM) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), ICZOOM Group 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 ICZOOM Group Inc.'s debt ratio?
ICZOOM Group Inc.'s debt ratio is 155.7% 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 30.4%.
What are ICZOOM Group Inc.'s key financial metrics?
ICZOOM Group Inc. has a market capitalization of $11M, trailing P/E ratio of 8.8, and revenue of $178M. The company maintains a gross margin of 3.3% and a net margin of 0.6%. Return on equity stands at 7.8%.
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.