Is NORTHERN TECHNOLOGIES INTERNATIONAL CORP (NTIC) Halal?
Shariah Screening — 5 Standards
Based on financial data from August 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 16.1% / 30% | 8.9% / 30% | 24.2% / 30% | 0.37% / 5% | ✓ HALAL |
| DJIM | 16.1% / 33% | 8.9% / 33% | 24.2% / 33% | 0.37% / 5% | ✓ HALAL |
| MSCI | 12.8% / 33% | 7.1% / 33% | 19.3% / 33% | 0.37% / 5% | ✓ HALAL |
| S&P | 16.1% / 33% | 8.9% / 33% | 24.2% / 33% | 0.37% / 5% | ✓ HALAL |
| FTSE | 12.8% / 33% | 7.1% / 33% | 19.3% / 50% | 0.37% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 37.0% | |
| Operating Margin | -1.2% | |
| Net Margin | -0.4% | |
| Return on Equity (ROE) | 0.9% | |
| Return on Assets (ROA) | -0.8% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $2M |
| Free Cash Flow | -$2M |
| Total Debt | $13M |
| Debt-to-Equity | 16.9 |
| Current Ratio | 1.8 |
| Total Assets | $103M |
Price & Trading
| Last Close | $8.40 |
| 50-Day MA | $8.84 |
| 200-Day MA | $8.04 |
| Avg Volume | 12K |
| Beta | 0.2 |
|
52-Week Range
$6.75
| |
About NORTHERN TECHNOLOGIES INTERNATIONAL CORP (NTIC)
Northern Technologies International Corporation, together with its subsidiaries, develops and markets rust and corrosion inhibiting products in China, Brazil, India, the United States, and internationally. It operates through ZERUST and Natur-Tec segments. The company offers rust and corrosion inhibiting products, such as plastic and paper packaging, liquids, coatings, rust removers, cleaners, diffusers, and engineered solutions designed for the oil and gas industry under the ZERUST brand. It also provides a portfolio of bio-based and certified compostable polymer resin compounds under the Natur-Tec brand; and finished products, such as trash bags, agricultural films, and single-use disposable products under the Natur-Bag brand. In addition, the company offers on-site and technical consulting for rust and corrosion prevention issues. It sells its products and services to the automotive, general industrial, mechanical, mining, agricultural, retail consumer, and oil and gas markets through direct sales force, network of independent distributors and agents, manufacturer's sales representatives, joint ventures, and strategic partners. Northern Technologies International Corporation was incorporated in 1970 and is headquartered in Circle Pines, Minnesota.
Purification Calculator
As a halal stock with 0.37% impermissible income, you need to purify your dividends.
Related Halal Stocks in Basic Materials
Frequently Asked Questions
Is NORTHERN TECHNOLOGIES INTERNATIONAL CORP (NTIC) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), NORTHERN TECHNOLOGIES INTERNATIONAL CORP 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 NORTHERN TECHNOLOGIES INTERNATIONAL CORP's debt ratio?
NORTHERN TECHNOLOGIES INTERNATIONAL CORP's debt ratio is 16.1% 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 12.8%.
Does NORTHERN TECHNOLOGIES INTERNATIONAL CORP require dividend purification?
Yes, NORTHERN TECHNOLOGIES INTERNATIONAL CORP has an impermissible income ratio of 0.37%, which means 0.37% 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 NORTHERN TECHNOLOGIES INTERNATIONAL CORP's key financial metrics?
NORTHERN TECHNOLOGIES INTERNATIONAL CORP has a market capitalization of $78M, and revenue of $84M. The company maintains a gross margin of 37.0% and a net margin of -0.4%. Return on equity stands at 0.9%.
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.