Is SKYX Platforms Corp. (SKYX) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 15.7% / 30% | 5.0% / 30% | 1.0% / 30% | 0.46% / 5% | ✓ HALAL |
| DJIM | 15.7% / 33% | 5.0% / 33% | 1.0% / 33% | 0.46% / 5% | ✓ HALAL |
| MSCI | 59.7% / 33% | 19.2% / 33% | 3.7% / 33% | 0.46% / 5% | ✗ NOT HALAL |
| S&P | 15.7% / 33% | 5.0% / 33% | 1.0% / 33% | 0.46% / 5% | ✓ HALAL |
| FTSE | 59.7% / 33% | 19.2% / 33% | 3.7% / 50% | 0.46% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 30.3% | |
| Operating Margin | -28.5% | |
| Net Margin | -36.3% | |
| Return on Equity (ROE) | -706.1% | |
| Return on Assets (ROA) | -29.4% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$18M |
| Free Cash Flow | -$19M |
| Total Debt | $39M |
| Debt-to-Equity | 9075.0 |
| Current Ratio | 0.6 |
| Total Assets | $66M |
Price & Trading
| Last Close | $1.56 |
| 50-Day MA | $2.10 |
| 200-Day MA | $1.64 |
| Avg Volume | 1.1M |
| Beta | -3955.1 |
|
52-Week Range
$0.88
| |
About SKYX Platforms Corp. (SKYX)
SKYX Platforms Corp. provides a series of safe-smart platform technologies in the United States. Its first and second-generation technologies enable light fixtures, ceiling fans, and other electrically wired products to be installed and plugged into a ceiling's electrical outlet box. The company also provides universal power-plugs and receptacle products. In addition, it offers smart products, such as SkyHome App; sky smart universal power-plug and receptacle; sky-smart plug and play ceiling fans and lightings; and all-in-one smart sky platform. SKYX Platforms Corp. was formerly known as SQL Technologies Corp. and changed its name to SKYX Platforms Corp. in June 2022. The company was incorporated in 2004 and is based in Pompano Beach, Florida.
Purification Calculator
As a halal stock with 0.46% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is SKYX Platforms Corp. (SKYX) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), SKYX Platforms Corp. is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is SKYX Platforms Corp.'s debt ratio?
SKYX Platforms Corp.'s debt ratio is 15.7% 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 59.7%.
Does SKYX Platforms Corp. require dividend purification?
Yes, SKYX Platforms Corp. has an impermissible income ratio of 0.46%, which means 0.46% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are SKYX Platforms Corp.'s key financial metrics?
SKYX Platforms Corp. has a market capitalization of $160M, and revenue of $86M. The company maintains a gross margin of 30.3% and a net margin of -36.3%. Return on equity stands at -706.1%.
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.