Is ORANGEKLOUD TECHNOLOGY INC. (ORKT) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 8.1% / 30% | 131.9% / 30% | 6.1% / 30% | 0.75% / 5% | ✗ NOT HALAL |
| DJIM | 8.1% / 33% | 131.9% / 33% | 6.1% / 33% | 0.75% / 5% | ✗ NOT HALAL |
| MSCI | 3.1% / 33% | 51.0% / 33% | 2.4% / 33% | 0.75% / 5% | ✗ NOT HALAL |
| S&P | 8.1% / 33% | 131.9% / 33% | 6.1% / 33% | 0.75% / 5% | ✗ NOT HALAL |
| FTSE | 3.1% / 33% | 51.0% / 33% | 2.4% / 50% | 0.75% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 30.9% | |
| Operating Margin | -154.4% | |
| Net Margin | -241.7% | |
| Return on Equity (ROE) | -217.3% | |
| Return on Assets (ROA) | -99.9% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$10M |
| Free Cash Flow | -$10M |
| Total Debt | $503,579 |
| Debt-to-Equity | 4.1 |
| Current Ratio | 5.2 |
| Total Assets | $16M |
Price & Trading
| Last Close | $1.02 |
| 50-Day MA | $1.03 |
| 200-Day MA | $1.74 |
| Avg Volume | 1.1M |
|
52-Week Range
$0.62
| |
About ORANGEKLOUD TECHNOLOGY INC. (ORKT)
Orangekloud Technology Inc., through its subsidiaries, provides IT consultancy services and related products and services in Singapore, Malaysia, and the United States. It operates through Packaged Software Solutions; and No-Code Platform and Mobile Application segments. The company offers eMOBIQ platform, a No-Code rapid mobile application development platform for SMEs and organizations to design, build, and implement enterprise-grade custom applications with no coding required. It also provides consulting, customizing, implementing, sales, and after-sales support services for Microsoft dynamics enterprise resource planning system, and information technology consultancy services. In addition, the company operates OK365, a web portal solution that offers an intermediary platform for customers to collect data from their end customers and perform operational tasks before uploading the final data back to the backend system. Further, it provides project implementation services, including solution architecture consultancy, business process re-mapping, system customization, and customer support. The company serves the food manufacturing and food service industry, precision engineering, construction, retail, energy, and warehouse management sectors. The company has a strategic partnership with Intellsync Sdn. Bhd. for the development of no-code applications to support digital transformation for SMEs. Orangekloud Technology Inc. was incorporated in 2023 and is headquartered in Singapore.
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Frequently Asked Questions
Is ORANGEKLOUD TECHNOLOGY INC. (ORKT) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), ORANGEKLOUD 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 ORANGEKLOUD TECHNOLOGY INC.'s debt ratio?
ORANGEKLOUD TECHNOLOGY INC.'s debt ratio is 8.1% 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 3.1%.
What are ORANGEKLOUD TECHNOLOGY INC.'s key financial metrics?
ORANGEKLOUD TECHNOLOGY INC. has a market capitalization of $6M, and revenue of $4M. The company maintains a gross margin of 30.9% and a net margin of -241.7%. Return on equity stands at -217.3%.
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.