Is Wellchange Holdings Co Ltd (WCT) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 5.8% / 30% | 2.4% / 30% | 12.7% / 30% | 0.08% / 5% | ✓ HALAL |
| DJIM | 5.8% / 33% | 2.4% / 33% | 12.7% / 33% | 0.08% / 5% | ✓ HALAL |
| MSCI | 9.0% / 33% | 3.7% / 33% | 19.8% / 33% | 0.08% / 5% | ✓ HALAL |
| S&P | 5.8% / 33% | 2.4% / 33% | 12.7% / 33% | 0.08% / 5% | ✓ HALAL |
| FTSE | 9.0% / 33% | 3.7% / 33% | 19.8% / 50% | 0.08% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 68.8% | |
| Operating Margin | -272.0% | |
| Net Margin | -154.5% | |
| Return on Equity (ROE) | -51.3% | |
| Return on Assets (ROA) | -30.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$316,126 |
| Free Cash Flow | -$3M |
| Total Debt | $601,714 |
| Debt-to-Equity | 4.3 |
| Current Ratio | 4.3 |
| Total Assets | $7M |
Price & Trading
| Last Close | $2.78 |
| 50-Day MA | $5.80 |
| 200-Day MA | $10.51 |
| Avg Volume | 9K |
|
52-Week Range
$2.31
| |
About Wellchange Holdings Co Ltd (WCT)
Wellchange Holdings Company Limited, through its subsidiaries, operates as an enterprise software solution services provider in Hong Kong. The company provides tailor-made software solutions, cloud-based software-as-a-service (SaaS) solutions, and white-labelled software design and development services. The company also operates MR. CLOUD, a cloud-based SaaS enterprise resource planning software platform based on subscription services to support back-office and front-office functions, such as finance and accounting, procurement, manufacturing, inventory management, order management, warehouse management, supply chain management, customer relationship management, professional services automation, project and file management, human resources management, e-commerce, and marketing automation. In addition, the company offers IT software including desktop software development service, web and mobile application development services. It serves small and medium-sized businesses and corporate customers. The company was founded in 2011 and is based in Cheung Sha Wan, Hong Kong. Wellchange Holdings Company Limited operates as a subsidiary of Power Smart International Limited.
Purification Calculator
As a halal stock with 0.08% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is Wellchange Holdings Co Ltd (WCT) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Wellchange Holdings Co 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 Wellchange Holdings Co Ltd's debt ratio?
Wellchange Holdings Co Ltd's debt ratio is 5.8% 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 9.0%.
Does Wellchange Holdings Co Ltd require dividend purification?
Yes, Wellchange Holdings Co Ltd has an impermissible income ratio of 0.08%, which means 0.08% 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 Wellchange Holdings Co Ltd's key financial metrics?
Wellchange Holdings Co Ltd has a market capitalization of $8M, and revenue of $2M. The company maintains a gross margin of 68.8% and a net margin of -154.5%. Return on equity stands at -51.3%.
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.