Is OPTT (OPTT) Halal?
Shariah Screening — 5 Standards
Based on financial data from April 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 2.3% / 30% | 8.4% / 30% | 2.9% / 30% | 0.8% / 5% | ✓ HALAL |
| DJIM | 2.3% / 33% | 8.4% / 33% | 2.9% / 33% | 0.8% / 5% | ✓ HALAL |
| MSCI | 5.8% / 33% | 21.8% / 33% | 7.4% / 33% | 0.8% / 5% | ✓ HALAL |
| S&P | 2.3% / 33% | 8.4% / 33% | 2.9% / 33% | 0.8% / 5% | ✓ HALAL |
| FTSE | 5.8% / 33% | 21.8% / 33% | 7.4% / 50% | 0.8% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | -56.4% | |
| Operating Margin | -1777.4% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -147.0% | |
| Return on Assets (ROA) | -55.8% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$19M |
| Free Cash Flow | -$19M |
| Total Debt | $2M |
| Debt-to-Equity | 42.6 |
| Current Ratio | 1.1 |
| Total Assets | $31M |
Price & Trading
| Last Close | $0.35 |
| 50-Day MA | $0.43 |
| 200-Day MA | $0.48 |
| Avg Volume | 14.7M |
| Beta | 2.6 |
|
52-Week Range
$0.29
| |
About OPTT (OPTT)
Ocean Power Technologies, Inc., a maritime domain awareness company, provides maritime solutions in North America, South America, Europe, the Middle East, Africa, Australia, and Asia. Its maritime solutions include Data as a Service (DaaS), Robotics as a Service (RaaS), and Power as a Service (PaaS). The company also designs, manufactures, deploys, and operates PowerBuoy, a sensor and power solution; wave adaptive modular vessel (WAM-V), an autonomous unmanned surface vehicle; and Merrows, a user interface and command and control (C2) system for defense, security, subsea infrastructure, offshore oil and gas, offshore energy, marine research, and communication markets. It serves defense agencies, offshore energy operators, and other commercial interests through a combination of direct sales and leases, strategic partnerships, and long-term service agreements. The company was incorporated in 1984 and is headquartered in Monroe Township, New Jersey.
Purification Calculator
As a halal stock with 0.80% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is OPTT (OPTT) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), OPTT 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 OPTT's debt ratio?
OPTT's debt ratio is 2.3% 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 5.8%.
Does OPTT require dividend purification?
Yes, OPTT has an impermissible income ratio of 0.80%, which means 0.80% 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 OPTT's key financial metrics?
OPTT has a market capitalization of $75M, and revenue of $6M. Return on equity stands at -147.0%.
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.