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Is ONTEX GROUP stock halal?
Between 30% and one third of total assets: admitted at the one-third threshold, not at the 30% threshold.
This verdict follows the median view, that of AAOIFI Standard No. 21. It is based on the financial statements for the fiscal year ended 12/31/2024.
The ratios
| Criterion | Measure | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 30.5% of total assets | 30% | threshold exceeded |
| Interest-bearing investments | 2.4% of total assets | 30% | within threshold |
| Impermissible income | not published | 5% | to be verified |
Standard: Total assets, 30% threshold.
The three views
- Median view, our reference : the company is excluded.
- Strictest view : the company is excluded, because it borrows or invests at interest.
- Most lenient view : the company is admitted (Total assets, one-third threshold).
Business activity
Fabrication et vente de produits d'hygiène personnelle (soins pour bébés, hygiène féminine, incontinence adulte), distribués sous marques de distributeurs et marques propres
Financial statements read
Fiscal year ended 12/31/2024, in millions of euros. Source: Annual report of ONTEX GROUP (ESEF format), fiscal year ended 2024-12-31.
What could not be verified
- Market capitalization: missing from the filed financial statements, so the AAOIFI ratio is not computed; tolerance is assessed on total assets.
- Interest received: amount not isolated in the filed financial statements.
- Financial statements for the fiscal year ended 12/31/2024: the next annual report was not in the database on the day of reading.
- Activity classified automatically from the "nature of activities" note of the annual report, without human review: to be confirmed.
- Figures read automatically and not reviewed by a human.
In the same sector
- CHEVRON CORP Questionable
- CONOCOPHILLIPS Permitted
- CORNING INC /NY Permitted
- Parker-Hannifin Corp Questionable
- Marathon Petroleum Corp Prohibited
- VALERO ENERGY CORP/TX Questionable
- Phillips 66 Questionable
- Howmet Aerospace Inc. Permitted
Compliance comparison only: no opinion on the value of these securities.
General information: neither investment advice nor a fatwa. Verdict calculated by published rules, from financial statements read automatically and not reviewed by a human. Read the methodology