Is Runway Growth Finance Corp. (RWAY) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Asset Management | ✗ NOT HALAL | |||
| DJIM | Excluded — Asset Management | ✗ NOT HALAL | |||
| MSCI | Excluded — Asset Management | ✗ NOT HALAL | |||
| S&P | Excluded — Asset Management | ✗ NOT HALAL | |||
| FTSE | Excluded — Asset Management | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 100.0% | |
| Operating Margin | 72.0% | |
| Net Margin | 24.8% | |
| Return on Equity (ROE) | 6.8% | |
| Return on Assets (ROA) | 6.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $70M |
| Free Cash Flow | $70M |
| Total Debt | $552M |
| Debt-to-Equity | 92.8 |
| Current Ratio | 1.2 |
| Total Assets | $1.1B |
Price & Trading
| Last Close | $6.81 |
| 50-Day MA | $8.20 |
| 200-Day MA | $9.60 |
| Avg Volume | 407K |
| Beta | 0.6 |
|
52-Week Range
$6.58
| |
About Runway Growth Finance Corp. (RWAY)
Runway Growth Finance Corp. is a business development company specializing investments in senior-secured loans to late stage and growth companies. It prefers to make investments in companies engaged in the technology, life sciences, healthcare and information services, business services and select consumer services and products sectors. It prefers to investments in companies engaged in electronic equipment and instruments, systems software, hardware, storage and peripherals and specialized consumer services, application software, healthcare technology, internet software and services, data processing and outsourced services, internet retail, human resources and employment services, biotechnology, healthcare equipment and education services. It invests in senior secured loans between $10 million and $75 million.
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Frequently Asked Questions
Is Runway Growth Finance Corp. (RWAY) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Runway Growth Finance Corp. 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 Runway Growth Finance Corp.'s debt ratio?
Runway Growth Finance Corp.'s debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are Runway Growth Finance Corp.'s key financial metrics?
Runway Growth Finance Corp. has a market capitalization of $238M, trailing P/E ratio of 7.1, and revenue of $86M. The company maintains a gross margin of 100.0% and a net margin of 24.8%. Return on equity stands at 6.8%.
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.