Is NaaS Technology Inc. (NAAS) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 5150.2% / 30% | 653.5% / 30% | 544.6% / 30% | 179.28% / 5% | ✗ NOT HALAL |
| DJIM | 5150.2% / 33% | 653.5% / 33% | 544.6% / 33% | 179.28% / 5% | ✗ NOT HALAL |
| MSCI | 164.5% / 33% | 20.9% / 33% | 17.4% / 33% | 179.28% / 5% | ✗ NOT HALAL |
| S&P | 5150.2% / 33% | 653.5% / 33% | 544.6% / 33% | 179.28% / 5% | ✗ NOT HALAL |
| FTSE | 164.5% / 33% | 20.9% / 33% | 17.4% / 50% | 179.28% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 75.0% | |
| Operating Margin | -80.9% | |
| Net Margin | 0.0% | |
| Return on Assets (ROA) | -18.4% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$179M |
| Free Cash Flow | -$179M |
| Total Debt | $1.1B |
| Current Ratio | 0.3 |
| Total Assets | $651M |
Price & Trading
| Last Close | $2.40 |
| 50-Day MA | $2.53 |
| 200-Day MA | $3.15 |
| Avg Volume | 12K |
| Beta | 1.8 |
|
52-Week Range
$1.80
| |
About NaaS Technology Inc. (NAAS)
NaaS Technology Inc. provides electric vehicle (EV) charging services in China. The company offers online EV charging solutions to charging stations, including mobility connectivity services through Kuaidian; SaaS products, such as traffic support and management, marketing, payment, chargers management, order management, load management, and membership management; and operates full station. It also provides energy solutions comprising site selection; hardware procurement; engineering, procurement, and construction for charging stations. In addition, the company integrates smart photovoltaics energy storage and power charging for station upgrade, as well as offline operational and management services. Further, it is involved in providing electricity procurement services to charging stations; cloud-based virtual power plant platform to facilitate the establishment of a modern energy system for charging stations. Additionally, the company offers other amenities and ancillary services, such as vending machines, massage chairs, and car wash tunnels, as well as design and decoration, furniture, ands fixture procurement. NaaS Technology Inc. is headquartered in Beijing, China.
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Frequently Asked Questions
Is NaaS Technology Inc. (NAAS) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), NaaS Technology 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 NaaS Technology Inc.'s debt ratio?
NaaS Technology Inc.'s debt ratio is 5150.2% 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 164.5%.
What are NaaS Technology Inc.'s key financial metrics?
NaaS Technology Inc. has a market capitalization of $31M, and revenue of $201M.
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.