Is JinkoSolar Holding Co., Ltd. (JKS) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 3969.0% / 30% | 2155.2% / 30% | 1742.9% / 30% | 0.45% / 5% | ✗ NOT HALAL |
| DJIM | 3969.0% / 33% | 2155.2% / 33% | 1742.9% / 33% | 0.45% / 5% | ✗ NOT HALAL |
| MSCI | 38.3% / 33% | 20.8% / 33% | 16.8% / 33% | 0.45% / 5% | ✗ NOT HALAL |
| S&P | 3969.0% / 33% | 2155.2% / 33% | 1742.9% / 33% | 0.45% / 5% | ✗ NOT HALAL |
| FTSE | 38.3% / 33% | 20.8% / 33% | 16.8% / 50% | 0.45% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 3.1% | |
| Operating Margin | -5.3% | |
| Net Margin | -5.0% | |
| Return on Equity (ROE) | -16.6% | |
| Return on Assets (ROA) | -3.3% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $16.9B |
| Free Cash Flow | $7.5B |
| Total Debt | $47.8B |
| Debt-to-Equity | 138.3 |
| Current Ratio | 1.3 |
| Total Assets | $124.9B |
Price & Trading
| Last Close | $25.52 |
| 50-Day MA | $26.11 |
| 200-Day MA | $24.82 |
| Avg Volume | 647K |
| Beta | 0.6 |
|
52-Week Range
$13.42
| |
About JinkoSolar Holding Co., Ltd. (JKS)
JinkoSolar Holding Co., Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots. It provides solar system integration services; solar power generation and solar system EPC services; and energy storage system, as well as undertakes solar power projects. The company sells its products to distributors, project developers, system integrators, and manufacturers of solar power products under the JinkoSolar brand. As of December 31, 2024, it had an integrated annual capacity of 120 gigawatts (GW) for mono wafers; 95 GW for solar cells; and 130 GW for solar modules. It operates in China, the United States, Mexico, Australia, Japan, the United Arab Emirates, Turkey, Jordan, Vietnam, Egypt, Spain, Germany, and internationally. The company was founded in 2006 and is headquartered in Guangxin, the People's Republic of China.
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Frequently Asked Questions
Is JinkoSolar Holding Co., Ltd. (JKS) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), JinkoSolar Holding Co., Ltd. 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 JinkoSolar Holding Co., Ltd.'s debt ratio?
JinkoSolar Holding Co., Ltd.'s debt ratio is 3969.0% 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 38.3%.
What are JinkoSolar Holding Co., Ltd.'s key financial metrics?
JinkoSolar Holding Co., Ltd. has a market capitalization of $1.3B, and revenue of $92.3B. The company maintains a gross margin of 3.1% and a net margin of -5.0%. Return on equity stands at -16.6%.
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.