Is Perpetuals.com Ltd (PDC) Halal?
Shariah Screening — 5 Standards
Based on financial data from April 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 341.2% / 30% | 687.1% / 30% | 173.5% / 30% | 2.36% / 5% | ✗ NOT HALAL |
| DJIM | 341.2% / 33% | 687.1% / 33% | 173.5% / 33% | 2.36% / 5% | ✗ NOT HALAL |
| MSCI | 27.2% / 33% | 54.8% / 33% | 13.8% / 33% | 2.36% / 5% | ✗ NOT HALAL |
| S&P | 341.2% / 33% | 687.1% / 33% | 173.5% / 33% | 2.36% / 5% | ✗ NOT HALAL |
| FTSE | 27.2% / 33% | 54.8% / 33% | 13.8% / 50% | 2.36% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 51.6% | |
| Operating Margin | -66.1% | |
| Net Margin | -58.3% | |
| Return on Equity (ROE) | -126.8% | |
| Return on Assets (ROA) | -40.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$192M |
| Free Cash Flow | -$224M |
| Total Debt | $52M |
| Debt-to-Equity | 70.0 |
| Current Ratio | 1.7 |
| Total Assets | $191M |
Price & Trading
| Last Close | $4.78 |
| 50-Day MA | $5.11 |
| 200-Day MA | $4.15 |
| Avg Volume | 101K |
| Beta | 1.8 |
|
52-Week Range
$1.64
| |
About Perpetuals.com Ltd (PDC)
Perpetuals.com Ltd operates as a financial technology company combining blockchain infrastructure and artificial intelligence to transform digital asset trading. The company develops and operates an exchange software suite, Kronos X, a proprietary multi-asset exchange platform and blockchain-based settlement solution fully compliant with European regulations including MiFID II, MiCA, DORA, and EMIR. The company provides financial market infrastructure as a service from Equinix FR2 in Frankfurt, Germany, alongside Eurex and Xetra, enabling clients to operate trading of crypto spot, derivatives, tokenized securities, and structured products. The company was formerly known as Earlyworks Co., Ltd and changed its name to Perpetuals.com Ltd in January 2026. Perpetuals.com Ltd was incorporated in 2018 and is headquartered in Tokyo, Japan.
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Frequently Asked Questions
Is Perpetuals.com Ltd (PDC) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Perpetuals.com Ltd 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 Perpetuals.com Ltd's debt ratio?
Perpetuals.com Ltd's debt ratio is 341.2% 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 27.2%.
What are Perpetuals.com Ltd's key financial metrics?
Perpetuals.com Ltd has a market capitalization of $15M, and revenue of $440M. The company maintains a gross margin of 51.6% and a net margin of -58.3%. Return on equity stands at -126.8%.
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.