Is REE Automotive Ltd. (REE) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 278.6% / 30% | 397.4% / 30% | 8.5% / 30% | 1570.49% / 5% | ✗ NOT HALAL |
| DJIM | 278.6% / 33% | 397.4% / 33% | 8.5% / 33% | 1570.49% / 5% | ✗ NOT HALAL |
| MSCI | 38.9% / 33% | 55.5% / 33% | 1.2% / 33% | 1570.49% / 5% | ✗ NOT HALAL |
| S&P | 278.6% / 33% | 397.4% / 33% | 8.5% / 33% | 1570.49% / 5% | ✗ NOT HALAL |
| FTSE | 38.9% / 33% | 55.5% / 33% | 1.2% / 50% | 1570.49% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 0.0% | |
| Operating Margin | -29347.3% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -202.6% | |
| Return on Assets (ROA) | -57.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$69M |
| Free Cash Flow | -$77M |
| Total Debt | $51M |
| Debt-to-Equity | 105.7 |
| Current Ratio | 1.7 |
| Total Assets | $130M |
Price & Trading
| Last Close | $0.58 |
| 50-Day MA | $0.61 |
| 200-Day MA | $0.74 |
| Avg Volume | 93K |
| Beta | 2.8 |
|
52-Week Range
$0.51
| |
About REE Automotive Ltd. (REE)
REE Automotive Ltd. operates as an automotive technology company in France, the United Kingdom, the United States, Germany, and internationally. The company offers a range of electric and software-defined vehicle (SDV) solutions, including X-by-Wire systems, software services, complete commercial EVs, stripped chassis, and REEcorner module, a compact module that integrates critical vehicle drive components comprising as steering, braking, suspension, powertrain, and control between the chassis and the wheel. It also provides P7-S Strip Chassis for commercial delivery vehicles, autonomous vehicles, and walk-in vans; and P7-C Chassis Cab and Cutway Chassis, a class 4 and 5 chassis cab fully electric commercial truck for delivery and a range of vocational applications. It serves original equipment manufacturer, delivery and logistic fleets, dealers, e-commerce retailers, new mobility players, mobility-as-a-service providers, and autonomous drive companies. The company is headquartered in Herzliya, Israel.
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Frequently Asked Questions
Is REE Automotive Ltd. (REE) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), REE Automotive 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 REE Automotive Ltd.'s debt ratio?
REE Automotive Ltd.'s debt ratio is 278.6% 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 38.9%.
What are REE Automotive Ltd.'s key financial metrics?
REE Automotive Ltd. has a market capitalization of $17M, and revenue of $183,000. Return on equity stands at -202.6%.
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.