Is MIND TECHNOLOGY, INC (MIND) Halal?
Shariah Screening — 5 Standards
Based on financial data from January 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 1.9% / 30% | 7.6% / 30% | 16.8% / 30% | 0.51% / 5% | ✓ HALAL |
| DJIM | 1.9% / 33% | 7.6% / 33% | 16.8% / 33% | 0.51% / 5% | ✓ HALAL |
| MSCI | 3.6% / 33% | 14.5% / 33% | 32.2% / 33% | 0.51% / 5% | ✓ HALAL |
| S&P | 1.9% / 33% | 7.6% / 33% | 16.8% / 33% | 0.51% / 5% | ✓ HALAL |
| FTSE | 3.6% / 33% | 14.5% / 33% | 32.2% / 50% | 0.51% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 45.9% | |
| Operating Margin | 8.0% | |
| Net Margin | 6.6% | |
| Return on Equity (ROE) | 9.4% | |
| Return on Assets (ROA) | 8.3% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $651,000 |
| Free Cash Flow | $214,000 |
| Total Debt | $1M |
| Debt-to-Equity | 3.2 |
| Current Ratio | 6.3 |
| Total Assets | $37M |
Price & Trading
| Last Close | $8.96 |
| 50-Day MA | $8.61 |
| 200-Day MA | $9.14 |
| Avg Volume | 176K |
| Beta | 0.6 |
|
52-Week Range
$4.45
| |
About MIND TECHNOLOGY, INC (MIND)
MIND Technology, Inc., together with its subsidiaries, provides technology to the oceanographic, hydrographic, defense, seismic, and maritime security industries in the United States, China, Norway, Turkey, Singapore, Canada, and internationally. The company's primary products include the GunLink seismic source acquisition and control systems that provide operators of marine seismic surveys with precise monitoring and control of energy sources; the BuoyLink RGPS tracking system, which is used to offer precise positioning of marine seismic energy sources and streamers; Sleeve Gun energy sources; and SeaLink towed seismic streamer system. It also provides streamer weight collars, depth and pressure transducers, air control valves, and source array systems; spare and replacement parts; and repair and engineering services, training and field service operations, and umbilical terminations. The company was formerly known as Mitcham Industries, Inc. MIND Technology, Inc. was incorporated in 1987 and is headquartered in The Woodlands, Texas.
Purification Calculator
As a halal stock with 0.51% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is MIND TECHNOLOGY, INC (MIND) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), MIND TECHNOLOGY, INC 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 MIND TECHNOLOGY, INC's debt ratio?
MIND TECHNOLOGY, INC's debt ratio is 1.9% 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 3.6%.
Does MIND TECHNOLOGY, INC require dividend purification?
Yes, MIND TECHNOLOGY, INC has an impermissible income ratio of 0.51%, which means 0.51% 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 MIND TECHNOLOGY, INC's key financial metrics?
MIND TECHNOLOGY, INC has a market capitalization of $80M, and revenue of $47M. The company maintains a gross margin of 45.9% and a net margin of 6.6%. Return on equity stands at 9.4%.
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.