Is SunCar Technology Group Inc. (SDA) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 35.7% / 30% | 20.3% / 30% | 33.4% / 30% | 0.29% / 5% | ✗ NOT HALAL |
| DJIM | 35.7% / 33% | 20.3% / 33% | 33.4% / 33% | 0.29% / 5% | ✗ NOT HALAL |
| MSCI | 34.1% / 33% | 19.4% / 33% | 31.9% / 33% | 0.29% / 5% | ✗ NOT HALAL |
| S&P | 35.7% / 33% | 20.3% / 33% | 33.4% / 33% | 0.29% / 5% | ✗ NOT HALAL |
| FTSE | 34.1% / 33% | 19.4% / 33% | 31.9% / 50% | 0.29% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 10.7% | |
| Operating Margin | 2.5% | |
| Net Margin | -2.4% | |
| Return on Equity (ROE) | -8.5% | |
| Return on Assets (ROA) | 0.4% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $12M |
| Free Cash Flow | $11M |
| Total Debt | $84M |
| Debt-to-Equity | 98.8 |
| Current Ratio | 1.3 |
| Total Assets | $247M |
Price & Trading
| Last Close | $1.75 |
| 50-Day MA | $1.99 |
| 200-Day MA | $2.19 |
| Avg Volume | 246K |
| Beta | 0.1 |
|
52-Week Range
$1.54
| |
About SunCar Technology Group Inc. (SDA)
SunCar Technology Group Inc., through its subsidiaries, provides cloud and mobile app-based auto eInsurance, technology, and auto services in the People's Republic of China. It offers one-stop, fully digitalized, and on-demand auto service systems. The company also provides customized service solutions to banks, insurance companies, telecommunication companies, and others. In addition, it offers car wash, oil change, tire repair, car beautification, road assistance, flight pickup, designated driving, VIP lounge, etc. in collaboration with third-party auto service providers. Further, the company facilitates the sale of auto e-Insurance products underwritten by insurance companies through a network of external sales partners; and provides its services through an online software, as well as offers technical services. The company was founded in 2007 and is based in Shanghai, China.
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Frequently Asked Questions
Is SunCar Technology Group Inc. (SDA) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), SunCar Technology Group Inc. 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 SunCar Technology Group Inc.'s debt ratio?
SunCar Technology Group Inc.'s debt ratio is 35.7% 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 34.1%.
What are SunCar Technology Group Inc.'s key financial metrics?
SunCar Technology Group Inc. has a market capitalization of $172M, and revenue of $442M. The company maintains a gross margin of 10.7% and a net margin of -2.4%. Return on equity stands at -8.5%.
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.