Is Lufax Holding Ltd (LU) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2023
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Credit Services | ✗ NOT HALAL | |||
| DJIM | Excluded — Credit Services | ✗ NOT HALAL | |||
| MSCI | Excluded — Credit Services | ✗ NOT HALAL | |||
| S&P | Excluded — Credit Services | ✗ NOT HALAL | |||
| FTSE | Excluded — Credit Services | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 57.0% | |
| Operating Margin | -12.8% | |
| Net Margin | -13.6% | |
| Return on Equity (ROE) | -4.1% | |
| Return on Assets (ROA) | 2.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $15.0B |
| Free Cash Flow | $15.0B |
| Total Debt | $44.9B |
| Debt-to-Equity | 55.1 |
| Current Ratio | 19.4 |
| Total Assets | $237.0B |
Price & Trading
| Last Close | $1.89 |
| 50-Day MA | $2.52 |
| 200-Day MA | $2.84 |
| Avg Volume | 1.4M |
| Beta | 0.6 |
|
52-Week Range
$1.73
| |
About Lufax Holding Ltd (LU)
Lufax Holding Ltd engages in the retail credit and enablement business to borrowers and institutions in China. It offers loan products, including general unsecured loans and secured loans, as well as consumer finance loans. The company also provides wealth management products, such as asset management plans, bank products, mutual fund products, private investment fund products, trust plans, and others. In addition, it offers technology advisory, internet platform, banking, microfinance, financing guarantee, enterprise management, information consultation, asset management, and investment and financial consulting services. The company serves small and micro business owners, individual entrepreneurs, and individuals. Lufax Holding Ltd was founded in 2005 and is headquartered in Shanghai, China.
Related Halal Stocks in Financial Services
Frequently Asked Questions
Is Lufax Holding Ltd (LU) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Lufax Holding 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 Lufax Holding Ltd's debt ratio?
Lufax Holding Ltd's debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are Lufax Holding Ltd's key financial metrics?
Lufax Holding Ltd has a market capitalization of $1.7B, and revenue of $28.1B. The company maintains a gross margin of 57.0% and a net margin of -13.6%. Return on equity stands at -4.1%.
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.