Is Luda Technology Group Ltd (LUD) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 12.3% / 30% | 9.5% / 30% | 15.3% / 30% | 0.01% / 5% | ✓ HALAL |
| DJIM | 12.3% / 33% | 9.5% / 33% | 15.3% / 33% | 0.01% / 5% | ✓ HALAL |
| MSCI | 31.3% / 33% | 24.2% / 33% | 38.8% / 33% | 0.01% / 5% | ✗ NOT HALAL |
| S&P | 12.3% / 33% | 9.5% / 33% | 15.3% / 33% | 0.01% / 5% | ✓ HALAL |
| FTSE | 31.3% / 33% | 24.2% / 33% | 38.8% / 50% | 0.01% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 15.7% | |
| Operating Margin | -5.5% | |
| Net Margin | -4.7% | |
| Return on Equity (ROE) | -9.6% | |
| Return on Assets (ROA) | -2.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $5M |
| Free Cash Flow | $4M |
| Total Debt | $12M |
| Debt-to-Equity | 61.5 |
| Current Ratio | 1.6 |
| Total Assets | $39M |
Price & Trading
| Last Close | $3.56 |
| 50-Day MA | $5.98 |
| 200-Day MA | $7.52 |
| Avg Volume | 35K |
|
52-Week Range
$2.90
| |
About Luda Technology Group Ltd (LUD)
Luda Technology Group Limited, through its subsidiaries, manufactures and trades stainless steel and carbon steel flanges and fittings products. It offers steel flanges, including blind, slip, plate, thread, and welding neck flanges; and steel fittings, such as elbow, reducer, cap, and tee. The company also manufactures and sells stainless steel and carbon steel flanges, and fittings products; and trades steel pipes, valves, and other steel tubing products. It serves to the chemical, petrochemical, maritime, and manufacturing industries. The company has operations in the People's Republic of China, South America, Australia, Europe, North America, rest of Asia, and internationally. The company was founded in 2004 and is headquartered in Hung Hom, Hong Kong. Luda Technology Group Limited is a subsidiary of Diamond Horses Group Limited.
Purification Calculator
As a halal stock with 0.01% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is Luda Technology Group Ltd (LUD) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Luda Technology Group Ltd is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Luda Technology Group Ltd's debt ratio?
Luda Technology Group Ltd's debt ratio is 12.3% 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 31.3%.
Does Luda Technology Group Ltd require dividend purification?
Yes, Luda Technology Group Ltd has an impermissible income ratio of 0.01%, which means 0.01% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are Luda Technology Group Ltd's key financial metrics?
Luda Technology Group Ltd has a market capitalization of $88M, and revenue of $45M. The company maintains a gross margin of 15.7% and a net margin of -4.7%. Return on equity stands at -9.6%.
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.