Hermes International SA (HESAY) - Halal (Shariah-Compliant)
Hermes International SA (HESAY) is classified as Halal (Shariah-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
- Consumer Cyclical
- Industry
- Luxury Goods
- Result
- Pass
- Reason
- The sector "Consumer Cyclical" and industry "Luxury Goods" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 1.0% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 5.8% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 1.8% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 1.85%.Based on the company's financial statements, approximately 1.85% of dividend income should be donated to charity for purification. This is derived from identified interest income (1.85% of total income). Some scholars may differ on the exact calculation method.
About Hermes International SA
Hermès International Société en commandite par actions engages in the production, wholesale, and retail of various goods. The company offers leather goods and saddlery, such as bags for men and women, travel articles, small leather goods and accessories, saddles, bridles, and various equestrian products and clothing; ready-to-wear garments for men and women; and accessories, including jewelry, belts, hats, gloves, internet of things products, and shoes. It also provides silk and textiles for men and women; art of living and tableware products; beauty and perfume products; and watches. In addition, the company is involved in weaving, engraving, printing, dyeing, finishing, and producing textiles; purchasing, tanning, dyeing, finishing, and selling tanneries and precious leathers; and creating and producing of metal parts. It sells its products through a network of stores in France, rest of Europe, Japan, the Asia Pacific, the Americas, and the Middle East, as well as sells watches, perfumes, and tableware through a network of specialized stores. The company was founded in 1837 and is headquartered in Paris, France. Hermès International Société en commandite par actions is a subsidiary of H51 SAS.