Is Rain Enhancement Technologies Holdco, Inc. (RAIN) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 15.3% / 30% | 0.1% / 30% | 2.8% / 30% | N/A | ✓ HALAL |
| DJIM | 15.3% / 33% | 0.1% / 33% | 2.8% / 33% | N/A | ✓ HALAL |
| MSCI | 275.0% / 33% | 2.6% / 33% | 50.9% / 33% | N/A | ✗ NOT HALAL |
| S&P | 15.3% / 33% | 0.1% / 33% | 2.8% / 33% | N/A | ✓ HALAL |
| FTSE | 275.0% / 33% | 2.6% / 33% | 50.9% / 50% | N/A | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 0.0% | |
| Operating Margin | 0.0% | |
| Net Margin | 0.0% | |
| Return on Assets (ROA) | -241.7% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$1M |
| Free Cash Flow | -$1M |
| Total Debt | $4M |
| Current Ratio | 0.1 |
| Total Assets | $1M |
Price & Trading
| Last Close | $2.85 |
| 50-Day MA | $2.75 |
| 200-Day MA | $4.20 |
| Avg Volume | 32K |
| Beta | -0.2 |
|
52-Week Range
$1.83
| |
About Rain Enhancement Technologies Holdco, Inc. (RAIN)
Rain Enhancement Technologies Holdco, Inc. develops, manufactures, and commercializes ionization rainfall generation technology. It plans to develop improvements on existing rainfall generation technologies by introducing robust measurement tools, including software monitoring technology, machine learning, rain gauges, and weather stations. The company was founded in 2022 and is headquartered in Naples, Florida.
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Frequently Asked Questions
Is Rain Enhancement Technologies Holdco, Inc. (RAIN) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Rain Enhancement Technologies Holdco, Inc. 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 Rain Enhancement Technologies Holdco, Inc.'s debt ratio?
Rain Enhancement Technologies Holdco, Inc.'s debt ratio is 15.3% 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 275.0%.
What are Rain Enhancement Technologies Holdco, Inc.'s key financial metrics?
Rain Enhancement Technologies Holdco, Inc. has a market capitalization of $23M.
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.