Planet Green Holdings Corp. (PLAG) - Questionable
Planet Green Holdings Corp. (PLAG) is classified as Questionable 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
- Conglomerates
- Result
- Pass
- Reason
- The sector "Industrials" and industry "Conglomerates" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 0.2% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 1.1% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 0.0% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 0.00%.Based on the company's financial statements, approximately 0.00% of dividend income comes from non-permissible sources; this is the share many investors donate to purify it. This is derived from identified interest income (0.00% of total income). Some scholars may differ on the exact calculation method.
About Planet Green Holdings Corp.
Planet Green Holdings Corp., through its subsidiaries, engages in the production and distribution of cyan brick, black, and green tea products in the People's Republic of China, Hong Kong, and Canada. It manufactures and distributes methanol fuel additives, alcohol-based fuel, and diesel fuel. The company also provides digital advertising delivery and operational services, as well as offers industrial formaldehyde solutions, urea-formaldehyde pre-condensate, methylal, urea-formaldehyde glue for environment-friendly artificial board chemicals. In addition, it provides explosion-proof skid-mounted refueling devices and SF double-layer buried oil storage tank products; and distributes lactoferrin, a glycoprotein used in health products. The company was formerly known as American Lorain Corporation and changed its name to Planet Green Holdings Corp. in September 2018. Planet Green Holdings Corp. was founded in 1986 and is headquartered in Flushing, New York.
Frequently Asked Questions
Is Planet Green Holdings Corp. (PLAG) stock halal to invest in?
According to AAOIFI Shariah screening standards, Planet Green Holdings Corp. (PLAG) is currently classified as Questionable. This is based on both business activity and financial ratio screening.


