Cango Inc

CANG

Not Compliant
Exchange
Sector
Headquarters
Group
NYSE
Technology
China
Small cap

Cango Inc is not Shariah Compliant because of its involvement in Interest-based Finance and related activities.

4.34%

Impure Income*

-

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Price Target (Low)
Price Target (High)
Total Analysts
Small cap
0
$0.00
$0.00
$0.00
0
Revenue Growth
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
412.94%
21.91%
37.27%
0.00
1.88
0.00%

Shariah Compliance

  • Updated on April 14, 2025
Debt
5.88%
✓
Non-Compliant Assets
59.76%
✗
Impure Income
4.34%
✓

AAOIFI Rulebook:

  • Non-compliant Liabilities (like Interest-based Debt) < 30% of Market cap
  • Non-compliant Assets (like Interest-based Investments) < 30% of Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: AAOIFI SS21

Debt
7.42%
✓
Impure Income
4.34%
✓

S&P Sharia Rulebook:

  • Interest-based Debt < 33% of 36-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: S&P Shariah Methodology

Debt
9.44%
✓
Impure Income
4.34%
✓

Dow Jones Islamic Market (DJIM) Rulebook:

  • Interest-based Debt < 33% of 24-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: DJIM Methodology

Debt
2.09%
✓
Cash
22.2%
✓
Cash & AR
23.15%
✓
Impure Income
4.34%
✓

FTSE Shariah Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 50% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: FTSE RUSSELL

Debt
2.09%
✓
Cash
22.2%
✓
Cash & AR
23.15%
✓
Impure Income
4.34%
✓

MSCI Islamic Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 33.33% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: MSCI Islamic Indexes

Impure Income Breakdown

-
-
Interest Income
4.34%

Note on Purification and Zakat:

  • Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly). 
  • If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
  • For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them. 

Company Profile

Cango Inc is a holding company principally engaged in the provision of automotive transaction service platform. The Company mainly provides automobile trading solutions and after-market services facilitation services. Automobile trading solutions mainly include car sourcing and transaction facilitation services, along with logistics and warehousing support for dealers, which are accessible primarily through Cango U-car application (app). After-market services facilitation services include the sale of insurance policies and other after-market services. The Company provides automotive financing facilitation services, as well as value-added services, such as assistance with administrative procedures associated with car purchasing and financing. The Company also operates overseas crypto mining business.

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