Is BLUE SAIL MEDICAL (002382.SZ) Stock Halal or Haram?

BLUE SAIL MEDICAL (002382.SZ) - Not Halal (Non-Compliant)

BLUE SAIL MEDICAL (002382.SZ) is classified as Not Halal (Non-Compliant) according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.

Business Activity Screen

Sector: Healthcare
Industry: Medical Instruments & Supplies
Result: Pass
Reason: The sector "Healthcare" and industry "Medical Instruments & Supplies" are not in the excluded categories.

Financial Ratios

Debt Ratio: Value: 54.4% | Threshold: 30% | Result: Fail
Cash & Interest-bearing Securities Ratio: Value: 26.8% | Threshold: 30% | Result: Pass
Non-Permissible Income Ratio: Value: 0.4% | Threshold: 5% | Result: Pass

Dividend Purification

Purification percentage: 0.43%.Based on the company's financial statements, approximately 0.43% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.43% of total income). Some scholars may differ on the exact calculation method.

About BLUE SAIL MEDICAL

Blue Sail Medical Co.,Ltd. operates as a medical device company in China and internationally. It operates through Health Protection Division, Cardiovascular and Cerebrovascular Business Unit, and Emergency Medical Services segments. The company offers cardiovascular and cerebrovascular products comprising drug-eluting stents and balloons, and transcatheter aortic valve replacement systems; and health protection gloves consisting of disposable nitrile, PVC, latex, TPE/CPE, and polyurethane gloves for use in medical examinations, food processing, industrial labor protection, daily protection, and other applications. It also provides emergency rescue products, such as first-aid kits and disposable health protection supplies; antibody and mussel adhesive protein products; and wet wipes. In addition, the company offers cardio and neurovascular products for coronary intervention; minimally invasive surgery products, including powered endo and endoscopic staplers, open and anorectal staplers, energy sealing and dissecting instruments, access instruments, and other instruments; and disposable face masks. Further, it engages in the manufacture of rubber products, spunlace nonwoven fabric rolls, and interventional valve products for structural heart disease; sale of plastic products and sporting goods; asset and investment management; trading; research and development; business consulting; technology promotion; transfer of medical technology patent rights; textile and apparel; and electricity and heat production activities. The company sells its products under the Blue Sail brand. It serves hospitals; traders of first-aid kits and medical dressings; and distributors of automotive parts and accessories. The company was formerly known as Shandong Blue Sail Plastic & Rubber Co., Ltd. and changed its name to Blue Sail Medical Co.,Ltd. in July 2014. Blue Sail Medical Co.,Ltd. was founded in 2002 and is headquartered in Zibo, China.

Business Activity

Pass

HealthcareMedical Instruments & Supplies

The sector "Healthcare" and industry "Medical Instruments & Supplies" are not in the excluded categories.

Business-activity data: inferred from the company description (lower confidence). How coverage works

Financial Ratios

Fail

Debt Ratio54.4% / 30%

Cash & Interest-bearing Securities Ratio26.8% / 30%

Non-Permissible Income Ratio0.4% / 5%

Denominator: Market Capitalization

Dividend Purification

0.43%

Based on the company's financial statements, approximately 0.43% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.43% of total income). Some scholars may differ on the exact calculation method.

Uses quarterly data

About BLUE SAIL MEDICAL

ChinaSZSEHealthcare

Screened using AAOIFI Standard No. 21 on October 20, 2026. Financial ratios compared against market capitalization. Different methodologies may produce different results. Learn how we screen.

Screened using AAOIFI Shariah Standard No. 21 (3 ratios). Debt and interest-bearing deposits must each be under 30% of market capitalization, and non-permissible income under 5% of total income. This screening is for educational purposes only and does not constitute a fatwa or religious ruling. Results are based on publicly available financial data and automated analysis. Users should consult qualified Islamic scholars and financial advisors for personal investment decisions. Financial data may be delayed or incomplete. Past compliance does not guarantee future status.

Verdict history

Free with an account.

No verdict changes recorded since first screened on Oct 4, 2026. We started recording changes on Oct 19, 2026.

Dates are when Mizaan recorded the change. Tracked and watched stocks are re-checked weekly; other stocks are re-screened on demand.

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Screening

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Purification

Dividend Purification Explained

Learn how to calculate and donate the non-permissible portion of your dividend income.

Frequently Asked Questions

Is BLUE SAIL MEDICAL (002382.SZ) stock halal to invest in?

According to AAOIFI Shariah screening standards, BLUE SAIL MEDICAL (002382.SZ) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.

Does BLUE SAIL MEDICAL have any interest income?

BLUE SAIL MEDICAL's interest income ratio is 26.8% of total revenue. AAOIFI standards require this to be below 30%.

What guidelines are used to determine if 002382.SZ stock is Shariah-compliant?

002382.SZ is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.

How often is BLUE SAIL MEDICAL stock reviewed for Shariah compliance?

BLUE SAIL MEDICAL's compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.

How can I stay updated on BLUE SAIL MEDICAL's compliance status?

You can save 002382.SZ to your Mizaan portfolio to track its compliance status over time. Mizaan will update the screening whenever new financial data is available, so you always have the latest result.

Are dividends from BLUE SAIL MEDICAL stock considered halal?

Dividends from BLUE SAIL MEDICAL require purification. Approximately 0.43% of dividend income should be donated to charity to cleanse earnings from non-permissible sources such as interest income.

Do I need to pay Zakat on my BLUE SAIL MEDICAL shares?

Yes, Zakat is generally due on stock holdings. The calculation depends on your school of thought (madhab) and whether you hold shares for trading or long-term investment. Use Mizaan's Zakat calculator to compute your obligation based on your specific madhab and holding intent.

Salaam

BLUE SAIL MEDICAL

Business Activity

Financial Ratios

Dividend Purification

About BLUE SAIL MEDICAL

Verdict history

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