Is U-BX Technology Ltd. (UBXG) Halal?
Shariah Screening — 5 Standards
Based on financial data from June 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 1.4% / 30% | 9.2% / 30% | 18.8% / 30% | 0.5% / 5% | ✓ HALAL |
| DJIM | 1.4% / 33% | 9.2% / 33% | 18.8% / 33% | 0.5% / 5% | ✓ HALAL |
| MSCI | 4.3% / 33% | 28.8% / 33% | 58.9% / 33% | 0.5% / 5% | ✗ NOT HALAL |
| S&P | 1.4% / 33% | 9.2% / 33% | 18.8% / 33% | 0.5% / 5% | ✓ HALAL |
| FTSE | 4.3% / 33% | 28.8% / 33% | 58.9% / 50% | 0.5% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 0.8% | |
| Operating Margin | -22.1% | |
| Net Margin | -9.2% | |
| Return on Equity (ROE) | -16.5% | |
| Return on Assets (ROA) | -10.3% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$1M |
| Free Cash Flow | -$1M |
| Total Debt | $716,535 |
| Debt-to-Equity | 2.1 |
| Current Ratio | 10.2 |
| Total Assets | $17M |
Price & Trading
| Last Close | $1.65 |
| 50-Day MA | $1.83 |
| 200-Day MA | $2.30 |
| Avg Volume | 6K |
|
52-Week Range
$1.45
| |
About U-BX Technology Ltd. (UBXG)
U-BX Technology Ltd., together with its subsidiaries, focuses on providing value-added services using artificial intelligence-driven technology to businesses in the insurance industry in China. It offers digital promotion services; risk assessment services; and value-added bundled benefits, including auto maintenance, auto value-added, vehicle moving notification, and other services to property and auto insurance carriers, and insurance brokers. The company also provides insurance-related information to individual consumers; and Magic Mirror algorithm to calculate payout risks for insurance carriers to underwrite auto insurance coverage. The company was formerly known as Famingsur Develop Limited and changed its name to U-BX Technology Ltd. in October 2021. U-BX Technology Ltd. was founded in 2018 and is based in Beijing, China.
Purification Calculator
As a halal stock with 0.50% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is U-BX Technology Ltd. (UBXG) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), U-BX Technology Ltd. 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 U-BX Technology Ltd.'s debt ratio?
U-BX Technology Ltd.'s debt ratio is 1.4% 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 4.3%.
Does U-BX Technology Ltd. require dividend purification?
Yes, U-BX Technology Ltd. has an impermissible income ratio of 0.50%, which means 0.50% 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 U-BX Technology Ltd.'s key financial metrics?
U-BX Technology Ltd. has a market capitalization of $48M, and revenue of $52M. The company maintains a gross margin of 0.8% and a net margin of -9.2%. Return on equity stands at -16.5%.
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.