Professional Diversity Network Inc

IPDN

Not Compliant
Exchange
Sector
Headquarters
Group
NASDAQ
Industrials
USA
Micro Cap

Professional Diversity Network Inc is not Shariah Compliant because its Impure Income is more than 5% of its total revenues.

7.31%

Impure Income*

$0.007

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
Micro Cap
HOLD
-13.22%
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
-12.49%
-65.60%
0.34
89.90%

Shariah Compliance

Debt
✓
Non-Compliant Assets
✓
Impure Income
7.31%
✗

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
✓
Impure Income
7.31%
✗

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
✓
Impure Income
7.31%
✗

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
✓
Cash
0.8%
✓
Cash & AR
4.59%
✓
Impure Income
7.31%
✗

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
✓
Cash
0.8%
✓
Cash & AR
4.59%
✓
Impure Income
7.31%
✗

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

LGBTQ
7.31%
Interest Income
-

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

Professional Diversity Network, Inc. is engaged in the businesses of career development platforms, education technology, and artificial intelligence research. The Company is an operator of professional networks with a focus on diversity, employment, education and training. The Company serves a variety of communities, including Women, Hispanic-Americans, African-Americans, Asian-Americans, persons with disabilities, Military Professionals, and Lesbian, Gay, Bisexual and Transgender (LGBTQ+) persons, and students and graduates seeking to transition from education to career. The Company’s segments include TalentAlly Network, NAPW Network and RemoteMore. TalentAlly Network segment maintains and operates job board software and hosts career fairs. NAPW Network segment is a professional networking organization that addresses personal and professional development opportunities for women. RemoteMore segment provides companies with talented engineers to provide solutions to their software needs.

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