Is Borqs Technologies Inc halal to invest in?

According to Musaffa's Shariah screening methodology, Borqs Technologies Inc (BRQSF) is currently classified as NOT HALAL as of October 2024. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is Borqs Technologies Inc a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Borqs Technologies Inc using these criteria to determine its compliance status.

Can Muslims buy shares of Borqs Technologies Inc?

Muslim investors may consider investing in Borqs Technologies Inc if it meets Shariah compliance standards. Investors typically review the company's business activities, debt levels, and non-permissible income before making a decision.

Why is Borqs Technologies Inc classified as NOT HALAL?

Musaffa determines the Shariah status of Borqs Technologies Inc by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for Borqs Technologies Inc updated?

The Shariah compliance status of Borqs Technologies Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Borqs Technologies Inc become non-compliant?

Yes. A stock that is currently Shariah-compliant may become non-compliant if the company's financial ratios exceed Shariah thresholds or its business activities change.

Where can I check the Shariah status of Borqs Technologies Inc?

You can check the latest Shariah compliance status of Borqs Technologies Inc on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

BRQSF Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: October 28, 2024

Report Source: 2023 Annual Report

Analyst's Ratings for Borqs Technologies Inc (BRQSF)

Based on 9 analysts giving stock ratings to Borqs Technologies Inc in the past 3 months

Strong
SellSellHoldBuyStrong
Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

Borqs Technologies Inc. Stock Analysis BRQSF

United States Information Technology Nano Cap Report: 2023 Annual

Borqs Technologies, Inc. engages in the provision of software, development services, and products for the Internet of Things (IoT) providing customizable, differentiated, and scalable Android-based smart-connected mobile devices and E2E cloud-service solutions. The company employs 303 full-time employees The company went IPO on 2015-10-15. The firm provides customizable, differentiated and scalable Android-based smart connected devices and cloud service solutions. The Company’s connected solutions business segment works closely with chipset partners to develop new connected devices. Borqs developed the reference Android software platform and hardware platform for Intel and Qualcomm phones and tablets. The firm provides connected solutions customers with customized, integrated, commercial grade Android platform software and service solutions to address vertical market segment needs through the targeted BorqsWare software platform solutions.

Key Statistics of Borqs Technologies Inc (BRQSF)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

$0.18$0.20

Today's Open

$0.20

Volume

736.00

P/E Ratio (TTM)

0.31

52 Week Range

$0.08$0.22

Market Cap

3.83M

Avg. Volume

6673.74

Dividend Yield

Financial Metrics & Statements of Borqs Technologies Inc (BRQSF)

FAQ's for Borqs Technologies Inc (BRQSF)

According to Musaffa’s Shariah screening methodology, Borqs Technologies Inc (BRQSF) is currently classified as NOT HALAL as of October 2024. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.