Li Bang International Corporati (LBGJ) - Not Halal (Non-Compliant)
Li Bang International Corporati (LBGJ) 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
- Specialty Industrial Machinery
- Result
- Pass
- Reason
- The sector "Industrials" and industry "Specialty Industrial Machinery" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 1063.5% | Threshold: 30% | Result: Fail
- Cash & Interest-bearing Securities Ratio
- Value: 301.1% | Threshold: 30% | Result: Fail
- Non-Permissible Income Ratio
- Value: 2.1% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 2.09%.Based on the company's financial statements, approximately 2.09% of dividend income should be donated to charity for purification. This is derived from identified interest income (2.09% of total income). Some scholars may differ on the exact calculation method.
About Li Bang International Corporati
Li Bang International Corporation Inc. engages in the design, development, production, and sale of stainless-steel commercial kitchen equipment under the Li Bang brand in China. It offers kitchen equipment, cooking machinery, food machinery, hotel supplies, kitchen accessories, and others. In addition, it provides commercial kitchen accessories comprising steaming, cooking, baking, frying, disinfection, conditioning, and refrigeration equipment. The company also offers cookers, including stoves, stir-fry stoves, steaming cabinets, and soup pots; fume emission and fresh air supply pipe systems, such as fume purifier, fume hood, gas collection hood, oil smoke purification equipment, and other products; and waste processor, dining vans, stainless steel grease traps, kitchen waste processors, and plate recycling lines. Further, the company provides kitchen design, construction, installation, and after-sales services. It serves international hotels, companies, public institutions, enterprises, schools, hospitals, educational institutions, hospitals, government, private business, and other facilities. It sells its products through social networking and e-commerce platforms. The company was founded in 1992 and is based in Jiangyin, China. Li Bang International Corporation Inc. operates as a subsidiary of Maple Huang Holdings Limited.