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Company report
Review the methodology status, formula details, and supporting context for ZB9.SI.
Methodology
AAOIFI
DJIM
S&P Shariah
Company
Union Steel Holdings Limited, an investment holding company, provides metals, scaffolding, and engineering services in Singapore, Indonesia, France, the United States, India, the Middle East, Brazil, Malaysia, the Netherlands, China, and internationally. The company operates through Metals, Scaffolding, Engineering, and Others segments. It engages in the recycling and trading of ferrous and non-ferrous scrap metals; and steel leasing solutions of steel sheet piles, mild plates, test piles, and beams to construction industry. The company also supplies reinforcement steel bars, H-beams, I-beams, pipes, steel plates, and sheet piles, as well as provides steel storage and handling services. In addition, it is involved in the consultancy, sale, and rental of scaffolding materials; and the supply of skilled workers for erection and dismantling of scaffolds. Further, the company supplies hydraulic winches and power packs; manufactures motor vehicle bodies; and offers mechanical construction and fabrication, and waste collection and management services, as well as repair, commissioning, sale, and rental of marine deck equipment, accessories, and parts. Additionally, it rents materials; trades in steel products; rents properties; holds investment properties; operates an online portal for sales of industrial equipment; contractors electronic and electrical engineering works; processes industrial plant engineering design and consultancy services; and installs and constructs gas piping systems, aluminum, stainless fabrication and related structures. Union Steel Holdings Limited was founded in 1984 and is headquartered in Singapore.
Debt ratio
Formula
Total Interest-Bearing Debt / Market Capitalization (or Avg for AAOIFI/DJIM)
Thresholds
Cash ratio
Formula
(Cash + Interest-Bearing Securities) / Market Capitalization
Thresholds
Analysis
Haram revenue
Formula
Impermissible Revenue / Total Revenue
Thresholds
Methodology