Is New Providence Acquisition Corp. III/Cayman (NPAC) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Shell Companies | ✗ NOT HALAL | |||
| DJIM | Excluded — Shell Companies | ✗ NOT HALAL | |||
| MSCI | Excluded — Shell Companies | ✗ NOT HALAL | |||
| S&P | Excluded — Shell Companies | ✗ NOT HALAL | |||
| FTSE | Excluded — Shell Companies | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 0.0% | |
| Operating Margin | 0.0% | |
| Net Margin | 0.0% |
Cash Flow & Balance Sheet
| Total Debt | $68,020 |
| Current Ratio | 0.3 |
| Total Assets | $77,492 |
Price & Trading
| Last Close | $10.25 |
| 50-Day MA | $10.31 |
| 200-Day MA | $10.24 |
| Avg Volume | 75K |
|
52-Week Range
$10.07
| |
About New Providence Acquisition Corp. III/Cayman (NPAC)
New Providence Acquisition Corp. III, a blank check company, focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2021 and is based in Palm Beach, Florida.
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Frequently Asked Questions
Is New Providence Acquisition Corp. III/Cayman (NPAC) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), New Providence Acquisition Corp. III/Cayman 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 New Providence Acquisition Corp. III/Cayman's debt ratio?
New Providence Acquisition Corp. III/Cayman's debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are New Providence Acquisition Corp. III/Cayman's key financial metrics?
New Providence Acquisition Corp. III/Cayman has a market capitalization of $394M.
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.