Is Joint Stock Co Kaspi.kz (KSPI) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 1483.3% / 30% | 14129.4% / 30% | 23213.6% / 30% | 0.45% / 5% | ✗ NOT HALAL |
| DJIM | 1483.3% / 33% | 14129.4% / 33% | 23213.6% / 33% | 0.45% / 5% | ✗ NOT HALAL |
| MSCI | 2.6% / 33% | 25.2% / 33% | 41.4% / 33% | 0.45% / 5% | ✗ NOT HALAL |
| S&P | 1483.3% / 33% | 14129.4% / 33% | 23213.6% / 33% | 0.45% / 5% | ✗ NOT HALAL |
| FTSE | 2.6% / 33% | 25.2% / 33% | 41.4% / 50% | 0.45% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 70.1% | |
| Operating Margin | 0.0% | |
| Net Margin | 26.5% | |
| Return on Equity (ROE) | 51.2% | |
| Return on Assets (ROA) | 14.4% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $581.9B |
| Free Cash Flow | $486.2B |
| Total Debt | $221.5B |
| Debt-to-Equity | 13.6 |
| Current Ratio | 5.6 |
| Total Assets | $8.4T |
Price & Trading
| Last Close | $74.16 |
| 50-Day MA | $74.56 |
| 200-Day MA | $79.96 |
| Avg Volume | 525K |
| Beta | -0.0 |
|
52-Week Range
$68.59
| |
About Joint Stock Co Kaspi.kz (KSPI)
Joint Stock Company Kaspi.kz, together with its subsidiaries, provides payments, marketplace, and fintech solutions for consumers and merchants in Kazakhstan, Azerbaijan, and Ukraine. The company operates through three segments: Payments, Marketplace, and Fintech. The Payments segment offers a platform that facilities transactions between and among merchants and consumers. This segment provides ways for consumers to pay for shopping transactions and regular household bills, as well as make peer to peer payments; and enables merchants to accept payment online and in store, issue and settle invoices, pay suppliers, and monitor merchant turnover. It also offers proprietary data, which facilitates informed decision-making across multiple areas of business. Its Marketplace Platform segment connects both online and offline merchants with consumers, enabling merchants to increase sales through an omnichannel strategy and allowing consumers to purchase products and services from various merchants. This segment operates marketplaces through m-commerce, a mobile solution for shopping in person; e-Commerce, which allows consumers to shop anywhere and anytime with free delivery; and Kaspi Travel that allows consumers to book domestic and international flights, domestic rail tickets, and international package holidays. It also enhances merchants' sales by connecting payments and fintech products, Kapsi advertising, and other delivery services. The Fintech Platform segment provides consumers with buy-now-pay-later, finance and savings products, and merchants with merchant finance services. It also involved in the banking; distressed asset management; real estate business; payment processing; online travel; e-grocery; classifieds; and storage and processing of information services. Joint Stock Company Kaspi.kz was incorporated in 2008 and is headquartered in Almaty, the Republic of Kazakhstan.
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Frequently Asked Questions
Is Joint Stock Co Kaspi.kz (KSPI) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Joint Stock Co Kaspi.kz 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 Joint Stock Co Kaspi.kz's debt ratio?
Joint Stock Co Kaspi.kz's debt ratio is 1483.3% 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 2.6%.
What are Joint Stock Co Kaspi.kz's key financial metrics?
Joint Stock Co Kaspi.kz has a market capitalization of $13.5B, trailing P/E ratio of 6.2, and revenue of $2.5T. The company maintains a gross margin of 70.1% and a net margin of 26.5%. Return on equity stands at 51.2%.
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.