Is RedCloud Holdings plc (RCT) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 180.9% / 30% | 2.0% / 30% | 19.0% / 30% | 23.22% / 5% | ✗ NOT HALAL |
| DJIM | 180.9% / 33% | 2.0% / 33% | 19.0% / 33% | 23.22% / 5% | ✗ NOT HALAL |
| MSCI | 416.7% / 33% | 4.6% / 33% | 43.8% / 33% | 23.22% / 5% | ✗ NOT HALAL |
| S&P | 180.9% / 33% | 2.0% / 33% | 19.0% / 33% | 23.22% / 5% | ✗ NOT HALAL |
| FTSE | 416.7% / 33% | 4.6% / 33% | 43.8% / 50% | 23.22% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 52.1% | |
| Operating Margin | -154.8% | |
| Net Margin | -110.3% | |
| Return on Assets (ROA) | -270.8% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$35M |
| Free Cash Flow | -$39M |
| Total Debt | $73M |
| Current Ratio | 0.3 |
| Total Assets | $18M |
Price & Trading
| Last Close | $0.86 |
| 50-Day MA | $1.01 |
| 200-Day MA | $1.59 |
| Avg Volume | 179K |
|
52-Week Range
$0.67
| |
About RedCloud Holdings plc (RCT)
RedCloud Holdings plc operates a cloud based business-to-business open commerce platform primarily in Argentina, the United Kingdom, Brazil, Nigeria, South Africa, and internationally. The company develops and operates the RedCloud Platform that facilitates the trading of consumer supplies of fast-moving consumer goods across business supply chains. Its platform enables retailers in markets to use data driven insights backed by AI to help make business-to-business purchases and inventory decisions from brands and distributors by purchasing behaviors of product inventory catalogues. It also provides digital financial solutions under the RedPay, including e-wallet services and access to localized payment networks. RedCloud Holdings plc was incorporated in 2024 and is based in London, the United Kingdom.
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Frequently Asked Questions
Is RedCloud Holdings plc (RCT) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), RedCloud Holdings plc 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 RedCloud Holdings plc's debt ratio?
RedCloud Holdings plc's debt ratio is 180.9% 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 416.7%.
What are RedCloud Holdings plc's key financial metrics?
RedCloud Holdings plc has a market capitalization of $43M, and revenue of $46M. The company maintains a gross margin of 52.1% and a net margin of -110.3%.
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.