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MRCK – Metal and Recycling Co KSCP

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Not Compliant

—X—

Industry: Environmental Services & Equipment | Kuwait

Metal and Recycling Co KSCP is not compliant with Shariah. The company’s financials fail all the five standards we check against.

Market cap: 28 MRev. Growth: 124.29%

AAOIFI ✗

Debt/MC98.65%
Non-Compliant Assets/MC12.83%
Impure Income (incl. Interest)0.11%
Impure Income%
Interest Income0.11%
Total0.11%

S&P ✗

Debt/36 mo MC105.88%
Cash/36 mo MC51.3%
AR/36 mo MC%

DJIM ✗

Debt/24 mo MC88.16%
Cash/24 mo MC42.71%
AR/24 mo MC%

FTSE ✗

Debt/Assets34.69%
Cash/Assets16.81%
Cash&AR/Assets16.81%
Impure Income (incl. Interest)0.11%
Impure Income%
Interest Income0.11%
Total0.11%

MSCI ✗

Debt/Assets34.69%
Cash/Assets16.81%
Cash&AR/Assets16.81%

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

Total Analysts: 0


Metal and Recycling Co KSCP, formerly Kuwait Metal Collecting and Shredding Company KSCC, is a Kuwait-based metal and plastic recycling company. Its activities include the purchase and sale of scrap and used vehicles, spare parts, metal items and machinery; waste sorting and recycling, shredding, dismantling, repairing, and reselling, as well as import of machinery and materials required for recycling, shredding and storing scraps. It is also engaged in importing recycling, shredding and storing scrap machinery and equipment, in the establishment of or contribution to the industries that are ancillary to the trade and production of scrap, in the management and development of areas of sale, purchase and production of scrap in Kuwait and abroad, as well as in the incorporation or partial ownership of industrial companies, among others. As of December 31, 2011 the Company operated four 99% owned subsidiaries, three of them based in Kuwait, and one based in Jordan.

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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