Is MITQ (MITQ) Halal?

AMEX Technology United States $5M
✗ NOT HALAL
Confidence: 90/100
MITQ (MITQ) is Not Halal under AAOIFI Standard 21. While the debt ratio of 19.5% is acceptable, the cash and interest-bearing securities ratio of 97.4% exceeds the 30% threshold. MITQ operates in the Technology sector.

Shariah Screening — 5 Standards

Based on financial data from June 2025

Standard Debt Ratio Cash Ratio Receivables Income Status
AAOIFI 19.5%
/ 30%
97.4%
/ 30%
25.0%
/ 30%
0.76%
/ 5%
✗ NOT HALAL
DJIM 19.5%
/ 33%
97.4%
/ 33%
25.0%
/ 33%
0.76%
/ 5%
✗ NOT HALAL
MSCI 10.5%
/ 33%
52.5%
/ 33%
13.4%
/ 33%
0.76%
/ 5%
✗ NOT HALAL
S&P 19.5%
/ 33%
97.4%
/ 33%
25.0%
/ 33%
0.76%
/ 5%
✗ NOT HALAL
FTSE 10.5%
/ 33%
52.5%
/ 33%
13.4%
/ 50%
0.76%
/ 5%
✗ NOT HALAL

Financial Highlights

EPS
$-0.03
P/B Ratio
1.1
EV/EBITDA
-5.9
EV: $3M
Revenue
$18M
Growth: 10.2%
Beta
0.5
Low volatility
Current Ratio
2.2

Profitability

Gross Margin 27.1%
Operating Margin -10.8%
Net Margin -1.5%
Return on Equity (ROE) -5.4%
Return on Assets (ROA) -3.3%

Cash Flow & Balance Sheet

Operating Cash Flow$437,000
Free Cash Flow$437,000
Total Debt$1M
Debt-to-Equity20.7
Current Ratio2.2
Total Assets$11M

Price & Trading

Last Close$0.58
50-Day MA$0.64
200-Day MA$0.76
Avg Volume33K
Beta0.5
52-Week Range
$0.42
$1.66

About MITQ (MITQ)

CEO
Mr. Philip L. Rafnson
Employees
25
Sector
Technology
Industry
Communication Equipment
Country
United States
Exchange
AMEX
Market Cap
$5M
Currency
USD

Moving iMage Technologies, Inc. designs, manufactures, integrates, installs, and distributes proprietary and custom designed equipment, and other off the shelf cinema products for cinema requirements in the United States and internationally. The company provides automation, pedestal, projection pod, and power management systems; and in-house designed, manufactured, and assembled lighting products and dimmers, as well as distributes digital cinema projectors and media servers. It also offers premium sound systems; demand-controlled ventilation systems that automatically shuts down exhaust fans; and cup holders, trays, and cups. In addition, the company provides software solutions, such as CineQC, a cinema quality control system. Further, it offers technical, design, and consulting services, such as custom engineering, audio visual integration, systems design and installation, and digital technology services, as well as software solutions for operations enhancement and theatre management. Additionally, the company provides turnkey project management, and furniture fixture and equipment services to commercial cinema exhibitors for new construction and remodels, including design, consulting, and procurement of seats, screen systems, lighting, acoustical treatments, screens, projection, and sound equipment for upgrades and new professional cinema, screening room, postproduction facilities and ultra-high-end cinema builds. Moving iMage Technologies, Inc. is headquartered in Fountain Valley, California.

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Frequently Asked Questions

Is MITQ (MITQ) halal to invest in?

Based on our screening using AAOIFI Standard 21 (the strictest methodology), MITQ 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 MITQ's debt ratio?

MITQ's debt ratio is 19.5% 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 10.5%.

What are MITQ's key financial metrics?

MITQ has a market capitalization of $5M, and revenue of $18M. The company maintains a gross margin of 27.1% and a net margin of -1.5%. Return on equity stands at -5.4%.

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.