Scandinavian Astor Group AB (ASTOR.ST) - Not Halal (Non-Compliant)
Scandinavian Astor Group AB (ASTOR.ST) 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
- Industrials
- Industry
- Aerospace & Defense
- Result
- Doubtful
- Reason
- This company requires further review: the industry "Aerospace & Defense" has mixed revenue streams that require further analysis; description mentions: military. The sector "Industrials" is not categorically excluded, but deeper analysis is recommended.
Financial Ratios
- Debt Ratio
- Value: 38.1% | Threshold: 30% | Result: Fail
- Cash & Interest-bearing Securities Ratio
- Value: 19.8% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 0.5% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 0.46%.Based on the company's financial statements, approximately 0.46% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.46% of total income). Some scholars may differ on the exact calculation method.
About Scandinavian Astor Group AB
Scandinavian Astor Group AB (publ) produces and develops solutions to defense and industrial sectors in Europe, Africa, the Middle East, the Americas, and Asia. The company operates through Astor Tech, Astor Industry, and Astor Protect segments. The Astor Industry segment manufactures composite and metal components for the defense industry and civilian markets, including die casting, composite and carbon fiber, as well as metalworking through etching and laser cutting; and components for defense material, maritime products, ammunition, transport equipment, and special equipment. The Astor Protect segment offers systems and products in the defense and security industries, such as electronic warfare systems and flash X-ray systems, as well as security and survival solutions for critical environments. The Astor Tech segment develops and delivers advanced systems solutions in electromagnetic warfare, stealth and stealth vehicles for military underwater operations and flash X-ray systems. Scandinavian Astor Group AB (publ) was incorporated in 2021 and is headquartered in Kista, Sweden.