LGL Group Inc

LGL

Compliant
Exchange
Sector
Headquarters
Group
NYSE
Technology
USA
Micro Cap

LGL Group Inc is Shariah Compliant. It passes 3/5 Shariah standards we screen against.

-

Impure Income*

-

Purification*

$0.194

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
Micro Cap
$0.00
22.97%
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
-59.80%
30.78%
50.30
50.63
0.00%

Shariah Compliance

Debt
Non-Compliant Assets
0.07%
Impure Income

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

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

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
96.04%
Cash & AR
97.23%
Impure Income

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
96.04%
Cash & AR
97.23%
Impure Income

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
-

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

The LGL Group, Inc. is a holding company engaged in services, merchant investment and manufacturing business activities. The Company, through its subsidiary, Precise Time and Frequency, LLC (PTF), produces industrial electronic instruments and commercial products and services. PTF operates from its design and manufacturing facility in Wakefield, Massachusetts. The Company’s segments include Electronic Instruments and Merchant Investment. The Electronic Instruments segment operates through PTF, which is engaged in the design of frequency and time reference standards that form the basis for timing and synchronization in various applications, including satellite communication, time transfer systems, network synchronization, electricity distribution and metrology. The Merchant Investment segment consists of various investment vehicles in which the Company has a shareholder, partner, or general partner interest, and through which LGL Group invests its capital.