UNITIKA LTD (UNIKF) - Not Halal (Non-Compliant)
UNITIKA LTD (UNIKF) 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
- Basic Materials
- Industry
- Specialty Chemicals
- Result
- Pass
- Reason
- The sector "Basic Materials" and industry "Specialty Chemicals" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 423.6% | Threshold: 30% | Result: Fail
- Cash & Interest-bearing Securities Ratio
- Value: 375.9% | Threshold: 30% | Result: Fail
- Non-Permissible Income Ratio
- Value: 0.1% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 0.14%.Based on the company's financial statements, approximately 0.14% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.14% of total income). Some scholars may differ on the exact calculation method.
About UNITIKA LTD
Unitika Ltd. engages in the polymer, functional material, and textile businesses in Japan, China, the rest of Asia, and internationally. The company offers nylon and polyester films; nylon, polyester, and arylate resins; glass fibers; reflective materials; woven and knitted fabrics; cotton products; and spun yarns. It also engages in the processing and sales of plastic and chemical products; sales of high molecular weight products; and dyeing, finishing, and processing of woven and knitted products. In addition, the company offers nylon and polyester films; nylon, polyester, and polyarylate plastic products; biodegradable plastic materials; and performance materials, including advanced carbon fibers, porous plates, glass fabrics, glass beads, and hollow fiber membranes, as well as industrial fibers. Further, it provides artificial turfs under the Green Eye Hyper name; innersoles for working people under the CUBIC EYE name; and masonry fall prevention nets, a reinforcing material for concrete. Unitika Ltd. was incorporated in 1889 and is headquartered in Osaka, Japan.
Frequently Asked Questions
Is UNITIKA LTD (UNIKF) stock halal to invest in?
According to AAOIFI Shariah screening standards, UNITIKA LTD (UNIKF) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.

