KULR Technology Group, Inc. (KULR) - Halal (Shariah-Compliant)
KULR Technology Group, Inc. (KULR) 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
- Technology
- Industry
- Electronic Components
- Result
- Pass
- Reason
- The sector "Technology" and industry "Electronic Components" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 16.6% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 9.3% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 3.5% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 3.48%.Based on the company's financial statements, approximately 3.48% of dividend income should be donated to charity for purification. This is derived from identified interest income (3.48% of total income). Some scholars may differ on the exact calculation method.
About KULR Technology Group, Inc.
KULR Technology Group, Inc., through its subsidiary, KULR Technology Corporation, designs and builds advanced battery systems for autonomous platforms, digital infrastructure, and e-mobility and space. It provides battery production, internal short circuit battery cells and devices, patented thermal runaway shield technology (TRS), phase change material (PCM) heatsinks, and KULR SafeCases, and exoskeleton devices. The company also offers space batteries; air batteries; custom battery design; battery solutions, including trigger cells and ISC-D and SafeX Safe storage solutions; thermal solutions, including fiber thermal interface and cathodes; and testing solutions that include cell screening and cycling, module cycling, thermal desktop and SINDA/FLUINT, and abuse testing and calorimetry. Additionally, the company provides KULR VIBE, a software-driven precision balancing and vibration reduction solution designed for rotary systems and Xero VibeFan, an ultimate cooling solution for AI farms, data centres, and server environments. Its technologies are used in space, aerospace, defence, telecom, and other critical infrastructure. KULR Technology Group, Inc. has a strategic collaboration with Robinson Helicopter Company, Inc. to develop battery system for an eR66 battery-electric helicopter demonstrator. The company was formerly known as KT High-Tech Marketing, Inc. and changed its name to KULR Technology Group, Inc. in August 2018. The company was founded in 2013 and is headquartered in Webster, Texas.