Is Omnitek Engineering Corp halal to invest in?

According to Musaffa's Shariah screening methodology, Omnitek Engineering Corp (OMTK) is currently classified as NOT HALAL as of July 2025. 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 Omnitek Engineering Corp 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 Omnitek Engineering Corp using these criteria to determine its compliance status.

Can Muslims buy shares of Omnitek Engineering Corp?

Muslim investors may consider investing in Omnitek Engineering Corp 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 Omnitek Engineering Corp classified as NOT HALAL?

Musaffa determines the Shariah status of Omnitek Engineering Corp 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 Omnitek Engineering Corp updated?

The Shariah compliance status of Omnitek Engineering Corp may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Omnitek Engineering Corp 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 Omnitek Engineering Corp?

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

OMTK Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 04, 2025

Report Source: 2025 1st Quarter Report

Omnitek Engineering Corp. Stock Analysis OMTK

United States Consumer Discretionary Nano Cap Report: Q1, 2025

Omnitek Engineering Corp. engages in the development and sale of proprietary technology to convert diesel engines to an alternative fuel, natural gas engines and complementary products. The company is headquartered in Vista, California and currently employs 6 full-time employees. The company went IPO on 2007-10-31. Omnitek develops and sells technology to convert diesel engines to alternative fuel, new alternative fuel engines and complementary products. Omnitek products are available for stationary applications and the global transportation markets, which include light commercial vehicles, minibuses, heavy-duty trucks, municipal buses, as well as rail and marine applications. Its product line includes a conversion kit for converting diesel engines to run on an alternative fuel; new complete natural gas engines; high-pressure natural gas coalescing filter, and natural gas engine components. Its range of products include New Natural Gas Engines, Omnitek DNG Engines, Products for Diesel-to-Natural Gas Engine Conversions, Engine Management System (EMS) and Components, EFI for V-Twin Motorcycles, Small Engines and Hydrogen Engine System.

Key Statistics of Omnitek Engineering Corp (OMTK)

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

Today's Range

$0.01$0.01

Today's Open

$0.01

Volume

50.50K

P/E Ratio (TTM)

0.99

52 Week Range

$0.01$0.06

Market Cap

263.38K

Avg. Volume

12.13K

Dividend Yield

Financial Metrics & Statements of Omnitek Engineering Corp (OMTK)

FAQ's for Omnitek Engineering Corp (OMTK)

According to Musaffa’s Shariah screening methodology, Omnitek Engineering Corp (OMTK) is currently classified as NOT HALAL as of July 2025. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.