Is Taoping Inc. (TAOP) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 60.8% / 30% | 12.1% / 30% | 61.1% / 30% | 0.01% / 5% | ✗ NOT HALAL |
| DJIM | 60.8% / 33% | 12.1% / 33% | 61.1% / 33% | 0.01% / 5% | ✗ NOT HALAL |
| MSCI | 22.5% / 33% | 4.5% / 33% | 22.6% / 33% | 0.01% / 5% | ✓ HALAL |
| S&P | 60.8% / 33% | 12.1% / 33% | 61.1% / 33% | 0.01% / 5% | ✗ NOT HALAL |
| FTSE | 22.5% / 33% | 4.5% / 33% | 22.6% / 50% | 0.01% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 14.9% | |
| Operating Margin | -23.8% | |
| Net Margin | -19.6% | |
| Return on Equity (ROE) | -46.8% | |
| Return on Assets (ROA) | -11.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$2M |
| Free Cash Flow | -$3M |
| Total Debt | $8M |
| Debt-to-Equity | 71.9 |
| Current Ratio | 2.4 |
| Total Assets | $35M |
Price & Trading
| Last Close | $1.47 |
| 50-Day MA | $1.46 |
| 200-Day MA | $2.65 |
| Avg Volume | 49K |
| Beta | 0.3 |
|
52-Week Range
$1.19
| |
About Taoping Inc. (TAOP)
Taoping Inc. provides cloud-app technologies for smart city IoT platforms, digital advertising delivery, and other internet-based information distribution systems in China. The company offers cloud-based products, high-end data storage servers, and related services to private sectors, including new media, healthcare, education and residential community management, and other industries and applications; and hardware and software solutions with proprietary software and content, as well as designs and develops software products customized for private sector. It also provides advertising services. In addition, the company engages in the wastewater treatment business and other AI-related product and solutions. Further, it operates Taoping Net, an advertising-resources trading service platform, which connects screen owners, advertisers, and consumers; and Taoping App that enables customers to distribute and manage ads from mobile terminals. The company was formerly known as China Information Technology, Inc. and changed its name to Taoping Inc. in June 2018. Taoping Inc. was founded in 1993 and is headquartered in Tianjin, the People's Republic of China.
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Frequently Asked Questions
Is Taoping Inc. (TAOP) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Taoping 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 Taoping Inc.'s debt ratio?
Taoping Inc.'s debt ratio is 60.8% 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 22.5%.
What are Taoping Inc.'s key financial metrics?
Taoping Inc. has a market capitalization of $13M, and revenue of $37M. The company maintains a gross margin of 14.9% and a net margin of -19.6%. Return on equity stands at -46.8%.
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.