Dover Corp

DOV

Compliant
Exchange
Sector
Headquarters
Group
NYSE
Industrials
USA
Large Cap

Dover Corp is Shariah Compliant. It passes 5/5 Shariah standards we screen against.

0.81%

Impure Income*

$0.065

Purification*

$0.227

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
Large Cap
BUY
$246.49
22
8.77%
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
17.93%
13.56%
1.28
1.79
9.61%

Shariah Compliance

Debt
11.47%
Non-Compliant Assets
Impure Income
0.81%

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
13.96%
Impure Income
0.81%

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
12.97%
Impure Income
0.81%

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
24.79%
Cash
12.49%
Cash & AR
22.97%
Impure Income
0.81%

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
24.79%
Cash
12.49%
Cash & AR
22.97%
Impure Income
0.81%

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
0.81%

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

Dover Corporation is a diversified global manufacturer and solutions provider. Its Engineered Products segment provides a range of equipment, components, software, solutions and services to the vehicle aftermarket, aerospace and defense, and others. Its Clean Energy & Fueling segment provides components, equipment, and software solutions and services. It also designs, manufactures, and supplies vacuum-insulated piping systems for a variety of liquefied gases like nitrogen, oxygen, carbon dioxide, and other industrial gases. Its Imaging & Identification segment supplies precision marking and coding, product traceability, brand protection and digital textile printing equipment. Its Pumps & Process Solutions segment manufactures specialty pumps and flow meters, fluid transfer connectors, engineered precision components, instruments, and digital controls. Its Climate & Sustainability Technologies segment is a provider of energy-efficient equipment, components, and parts.