Is WRAP TECHNOLOGIES, INC. (WRAP) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 2.6% / 30% | 4.2% / 30% | 0.6% / 30% | 3.46% / 5% | ✓ HALAL |
| DJIM | 2.6% / 33% | 4.2% / 33% | 0.6% / 33% | 3.46% / 5% | ✓ HALAL |
| MSCI | 14.5% / 33% | 23.9% / 33% | 3.4% / 33% | 3.46% / 5% | ✓ HALAL |
| S&P | 2.6% / 33% | 4.2% / 33% | 0.6% / 33% | 3.46% / 5% | ✓ HALAL |
| FTSE | 14.5% / 33% | 23.9% / 33% | 3.4% / 50% | 3.46% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 57.5% | |
| Operating Margin | -185.2% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -136.3% | |
| Return on Assets (ROA) | -42.3% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$8M |
| Free Cash Flow | -$8M |
| Total Debt | $2M |
| Debt-to-Equity | 17.6 |
| Current Ratio | 7.1 |
| Total Assets | $15M |
Price & Trading
| Last Close | $1.46 |
| 50-Day MA | $1.85 |
| 200-Day MA | $1.98 |
| Avg Volume | 365K |
| Beta | 1.5 |
|
52-Week Range
$1.20
| |
About WRAP TECHNOLOGIES, INC. (WRAP)
Wrap Technologies, Inc., a public safety technology and services company, develops policing solutions for law enforcement and security personnel in the United States, Europe, the Middle East, Africa, Asia Pacific, and internationally. The company offers BolaWrap 150, a handheld remote restraint device that discharges a seven-and-a-half-foot kevlar tether, entangling an individual from a range of 1025 feet; BolaWrap Remote Restraint Device, a hand-held remote restraint device that discharges a seven and half-foot Kevlar tether to entangle an individual at a range of 10-25 feet; and Wrap Intrensic, a body-worn camera and digital evidence management for capturing, storing, and managing digital evidence, such as video and audio recordings for criminal investigations and maintaining transparency in public interactions. It also provides Wrap Reality Virtual Training platfom, a law enforcement 3D training system employing immersive computer graphics VR with proprietary software-enabled content. Wrap Technologies, Inc. was founded in 2016 and is headquartered in Miami, Florida.
Purification Calculator
As a halal stock with 3.46% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is WRAP TECHNOLOGIES, INC. (WRAP) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), WRAP TECHNOLOGIES, INC. 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 WRAP TECHNOLOGIES, INC.'s debt ratio?
WRAP TECHNOLOGIES, INC.'s debt ratio is 2.6% 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 14.5%.
Does WRAP TECHNOLOGIES, INC. require dividend purification?
Yes, WRAP TECHNOLOGIES, INC. has an impermissible income ratio of 3.46%, which means 3.46% 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 WRAP TECHNOLOGIES, INC.'s key financial metrics?
WRAP TECHNOLOGIES, INC. has a market capitalization of $83M, and revenue of $5M. Return on equity stands at -136.3%.
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.