Zooz Power Ltd

ZOOZ

Compliant
Exchange
Sector
Headquarters
Group
NASDAQ
Utilities
Israel
Micro cap

Zooz Power Ltd is Shariah Compliant. It passes 3/5 Shariah standards we screen against.

2.12%

Impure Income*

$0.000

Purification*

$0.029

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Price Target (Low)
Price Target (High)
Total Analysts
Micro cap
BUY
$4.50
$4.00
$5.00
2
Revenue Growth
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
0.00%
-1790.09%
-1769.59%
2.34
3.28
0.00%

Shariah Compliance

Debt
9.62%
Non-Compliant Assets
2.17%
Impure Income
2.12%

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
1.37%
Impure Income
2.12%

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
2.51%
Impure Income
2.12%

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
10%
Cash
50.21%
Cash & AR
50.21%
Impure Income
2.12%

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
10%
Cash
50.21%
Cash & AR
50.21%
Impure Income
2.12%

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
2.12%

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

Zooz Power Ltd, formerly known as Chakratec Ltd, is an Israel-based company engaged primarily in the provision of flywheel energy storage technology dedicated to electric vehicle (EV) charging. The Company is focused on solutions to enable the mass adoption of electric vehicles by facilitating the deployment of fast and ultra-fast electric vehicle charging stations anywhere, including locations with a weak grid. The Company has developed a kinetic energy storage technology named Kinetic Power Booster, which enables unlimited high power charge and discharge cycles. The Company’s EV charging solutions include battery-free power boosters as well as production materials that do not contain toxic chemicals or rare earth materials, with a minimal amount of carbon.

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