Is MMTec, Inc. (MTC) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 27.4% / 30% | 2.4% / 30% | 0.0% / 30% | 240.91% / 5% | ✗ NOT HALAL |
| DJIM | 27.4% / 33% | 2.4% / 33% | 0.0% / 33% | 240.91% / 5% | ✗ NOT HALAL |
| MSCI | 49.1% / 33% | 4.4% / 33% | 0.0% / 33% | 240.91% / 5% | ✗ NOT HALAL |
| S&P | 27.4% / 33% | 2.4% / 33% | 0.0% / 33% | 240.91% / 5% | ✗ NOT HALAL |
| FTSE | 49.1% / 33% | 4.4% / 33% | 0.0% / 50% | 240.91% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 82.2% | |
| Operating Margin | -189.7% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -291.7% | |
| Return on Assets (ROA) | -1.9% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $722,853 |
| Free Cash Flow | $717,817 |
| Total Debt | $32M |
| Current Ratio | 1.3 |
| Total Assets | $66M |
Price & Trading
| Last Close | $6.95 |
| 50-Day MA | $4.39 |
| 200-Day MA | $2.23 |
| Avg Volume | 44K |
| Beta | -0.8 |
|
52-Week Range
$0.25
| |
About MMTec, Inc. (MTC)
MMTec, Inc., together with its subsidiaries, develops and deploys platforms that enable financial institutions to engage in securities market transactions and settlements worldwide. It operates in two segments: Gujia, MM Future, HC Securities; and MM Global. The company offers securities dealers trading system, which supports securities registration and clearing, account management, risk management, trading and execution, and third-party access middleware; private fund investment management system, which supports multi-account management, fund valuation, risk management, quantitative trading access, liquidation, and requisition management; and mobile transaction individual client system and PC client system for Apple iOS, Android, PC, and web applications. It serves hedge funds, mutual funds, registered investment advisors, proprietary trading groups, and brokerage firms. The company was incorporated in 2018 and is headquartered in Sheung Wan, Hong Kong.
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Frequently Asked Questions
Is MMTec, Inc. (MTC) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), MMTec, Inc. 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 MMTec, Inc.'s debt ratio?
MMTec, Inc.'s debt ratio is 27.4% 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 49.1%.
What are MMTec, Inc.'s key financial metrics?
MMTec, Inc. has a market capitalization of $157M, and revenue of $2M. Return on equity stands at -291.7%.
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.