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IPGK – Independent Petroleum Group KSCP

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Not Compliant

—X—

Industry: Oil & Gas Refining and Marketing | Kuwait

Independent Petroleum Group KSCP is not compliant with Shariah. The company’s financials fail all the five standards we check against.

Market cap: 267 MRev. Growth: 51.25%

AAOIFI ✗

Debt/MC241.84%
Non-Compliant Assets/MC95.81%
Impure Income (incl. Interest)0.11%
Impure Income%
Interest Income0.11%
Total0.11%

S&P ✗

Debt/36 mo MC212.76%
Cash/36 mo MC38.08%
AR/36 mo MC%

DJIM ✗

Debt/24 mo MC202.64%
Cash/24 mo MC36.27%
AR/24 mo MC%

FTSE ✗

Debt/Assets46.11%
Cash/Assets8.25%
Cash&AR/Assets8.25%
Impure Income (incl. Interest)0.11%
Impure Income%
Interest Income0.11%
Total0.11%

MSCI ✗

Debt/Assets46.11%
Cash/Assets8.25%
Cash&AR/Assets8.25%

1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL

Total Analysts: 0


Independent Petroleum Group KSCP is a Kuwait-based company that primarily operates, together with its subsidiaries, in the petroleum industry sector. The Company’s principal activities include the trading of crude oil and petroleum products; strategic investments and joint ventures in petroleum storage facilities; terminal and distribution facilities; consulting services in the petroleum and petrochemical fields, and other activities related to petroleum industry, as well as the ownership of vessels, ship chartering and other related services. As of December 31, 2011, the Company’s wholly owned subsidiaries included Independent Petroleum Group Limited and Independent Petroleum Group (Asia) Pte. Limited, which are engaged in the trading of crude oil and petroleum products; Independent Petroleum Group of Kuwait Limited; Independent Petroleum Group (Southern Africa) (Pte) Limited, and D&K Holdings LLC, which is a shipping company.

We do our best to screen stocks as accurately as possible. Please let us know in the comments if you spot an error or find something questionable. Jazaak Allahu khairan.

To understand how the screening is done, please read the Shariah Screening Methodology page.

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