OFA Group (OFAL) - Halal (Shariah-Compliant)
OFA Group (OFAL) 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
- Industrials
- Industry
- Engineering & Construction
- Result
- Pass
- Reason
- The sector "Industrials" and industry "Engineering & Construction" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 3.4% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 0.5% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 0.1% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 0.06%.Based on the company's financial statements, approximately 0.06% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.06% of total income). Some scholars may differ on the exact calculation method.
About OFA Group
OFA Group, through its subsidiary, operates as a technology-driven architecture, real estate, and digital asset infrastructure company that provides architectural services for commercial and residential buildings. The company's design services include specific conceptualized design with layout plans; detailed design drawings; advice relating to budgetary consideration; and use of space, materials, fittings, furniture, appliances, and other items to be used to produce a preliminary design plan and quotation for clients' considerations. It also provides fit out services comprising installing protective materials to cover floors or walls; installing or constructing partition walls, windows and window frames, decorative fittings, and furniture or fixtures; and installing plumbing systems, as well as installing switches, power outlets, telephone wiring, computer outlet covers, and other electrical and wiring works. In addition, the company offers project management, consulting, and change order management services; application services, including approval consulting, document preparation, and regulatory compliance, and representation services; and design only services, including conceptual design and schematic design, detailed design development, and 3D modeling and visualization services. OFA Group was incorporated in 2024 and is headquartered in the Rolling Hills, California.