PAYPAL HOLD DRN (PYPL34.SA) - Not Halal (Non-Compliant)
PAYPAL HOLD DRN (PYPL34.SA) 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
- Financial Services
- Industry
- Credit Services
- Result
- Fail
- Reason
- The industry "Credit Services" is classified as non-permissible according to Shariah screening standards.
Financial Ratios
- Debt Ratio
- Value: 24.5% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 20.6% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 1.6% | Threshold: 5% | Result: Pass
About PAYPAL HOLD DRN
PayPal Holdings, Inc. operates a technology platform that enables digital payments for merchants and consumers worldwide. The company operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, consumer credit and debit products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Hyperwallet, Honey, and Paidy names. The company was founded in 1998 and is headquartered in San Jose, California.
Frequently Asked Questions
Is PAYPAL HOLD DRN (PYPL34.SA) stock halal to invest in?
According to AAOIFI Shariah screening standards, PAYPAL HOLD DRN (PYPL34.SA) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Does PAYPAL HOLD DRN have any interest income?
PAYPAL HOLD DRN's interest income ratio is 20.6% of total revenue. AAOIFI standards require this to be below 30%.