Vishay Precision Group, Inc. (VPG) - Halal (Shariah-Compliant)
Vishay Precision Group, Inc. (VPG) 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
- Technology
- Industry
- Scientific & Technical Instruments
- Result
- Pass
- Reason
- The sector "Technology" and industry "Scientific & Technical Instruments" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 7.7% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 14.8% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 0.6% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 0.55%.Based on the company's financial statements, approximately 0.55% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.55% of total income). Some scholars may differ on the exact calculation method.
About Vishay Precision Group, Inc.
Vishay Precision Group, Inc. engages in the precision measurement and sensing technologies business in the United States, Europe, Israel, Asia, and Canada. It operates through three segments: Sensors, Weighing Solutions, and Measurement Systems. The company offers precision resistors, strain gages, load cells and force measurement transducers, vehicle weighing and over-load monitoring systems, and control process weighing products; rolling force measuring load cell systems and pressure transmitters; web tension measurement load cells and systems; optical strip width gages; and laser velocimeters for speed and length measurements and closed-loop crop optimization control systems for optimal strip cuts. The company also offers thermal-mechanical simulation systems for metallurgical research; conditioning, data acquisition, and control systems; and data acquisition systems and sensors for product safety testing, as well as electronic displays, signal processors, micro-electromechanical system sensors, cabling, system software, and communications software/hardware. Its products are used in waste management, bulk hauling, logging, scales manufacturing, engineering systems, pharmaceutical, oil, chemical, steel, paper, and food industries, as well as test and measurement, steel, medical, construction, agricultural, and consumer markets. The company offers its products under the VFR, Alpha Electronics, Powertron, APR, Celtron, Revere, Sensortronics, Tedea-Huntleigh, Stress-tek, Vulcan, BLH Nobel, KELK, Gleeble, DTS, and Pacific Instruments brands. Vishay Precision Group, Inc. was incorporated in 2009 and is headquartered in Malvern, Pennsylvania.