Richtech Robotics Inc. (RR) - Not Halal (Non-Compliant)
Richtech Robotics Inc. (RR) 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: 0.2% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 119.7% | Threshold: 30% | Result: Fail
- Non-Permissible Income Ratio
- Value: 43.2% | Threshold: 5% | Result: Fail
Dividend Purification
Purification percentage: 43.15%.Based on the company's financial statements, approximately 43.15% of dividend income should be donated to charity for purification. This is derived from identified interest income (43.15% of total income). Some scholars may differ on the exact calculation method.
About Richtech Robotics Inc.
Richtech Robotics Inc. develops, manufactures, deploys, and sells robotic solutions for automation in the service industry in the United States. The company offers commercial robotic products, including Matradee, a line of restaurant service robots for bussing, serving, hosting, advertising, and entertaining; and ADAM and Scorpion, which are dual-arm AI-powered service robots for beverage preparation and customer interaction in hospitality and retail environments. It also provides industrial robotic products, such as Titan, a line of heavy-duty autonomous mobile robots (AMR) delivery focused robots; DUST-E, an autonomous commercial cleaning robot product line; and Dex, an industrial humanoid robot designed for real-world manufacturing, logistics, and material-handling environments. In addition, the company offers data generation services for frontier embodied AI training. Further, it operates the Clouffee & Tea robotic restaurant brand that offers coffee and tea products. The company markets its products through digital marketing, sales outreach, industry exhibitions, client referrals, online inquiries, and a network of distribution channels. It serves the food service, retail, industrial manufacturing, automotive, healthcare, and hospitality industries. Richtech Robotics Inc. was formerly known as Richtech Creative Displays LLC and changed its name to Richtech Robotics Inc. on June 22, 2022. The company was incorporated in 2016 and is headquartered in Las Vegas, Nevada.