Is Singularity Future Technology Ltd. (SGLY) Halal?
Shariah Screening — 5 Standards
Based on financial data from June 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 10.6% / 30% | 502.4% / 30% | 9.2% / 30% | 0.0% / 5% | ✗ NOT HALAL |
| DJIM | 10.6% / 33% | 502.4% / 33% | 9.2% / 33% | 0.0% / 5% | ✗ NOT HALAL |
| MSCI | 1.6% / 33% | 78.2% / 33% | 1.4% / 33% | 0.0% / 5% | ✗ NOT HALAL |
| S&P | 10.6% / 33% | 502.4% / 33% | 9.2% / 33% | 0.0% / 5% | ✗ NOT HALAL |
| FTSE | 1.6% / 33% | 78.2% / 33% | 1.4% / 50% | 0.0% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 23.3% | |
| Operating Margin | -407.0% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -156.2% | |
| Return on Assets (ROA) | -6.7% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$4M |
| Free Cash Flow | -$4M |
| Total Debt | $308,618 |
| Debt-to-Equity | 96.7 |
| Current Ratio | 1.2 |
| Total Assets | $19M |
Price & Trading
| Last Close | $0.39 |
| 50-Day MA | $0.46 |
| 200-Day MA | $0.77 |
| Avg Volume | 323K |
| Beta | 1.6 |
|
52-Week Range
$0.34
| |
About Singularity Future Technology Ltd. (SGLY)
Singularity Future Technology Ltd. operates as an integrated logistics solutions provider in China and the United States. It offers transportation, warehouse, collection, last-mile delivery, drop shipping, customs clearance, and overseas transit delivery services. The company also offers freight logistics services, including shipping, warehouse and other logistical support services. In addition, it serves the steel companies businesses. The company was formerly known as Sino-Global Shipping America, Ltd. and changed its name to Singularity Future Technology Ltd. in January 2022. Singularity Future Technology Ltd. was founded in 2001 and is headquartered in New York, New York.
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Frequently Asked Questions
Is Singularity Future Technology Ltd. (SGLY) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Singularity Future Technology 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 Singularity Future Technology Ltd.'s debt ratio?
Singularity Future Technology Ltd.'s debt ratio is 10.6% 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 1.6%.
What are Singularity Future Technology Ltd.'s key financial metrics?
Singularity Future Technology Ltd. has a market capitalization of $3M, and revenue of $3M. Return on equity stands at -156.2%.
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.