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OCFT – OneConnect Financial Technology Co Ltd

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Not Compliant

—X—

Industry: Financial Technology (Fintech) | NYSE

OneConnect Financial Technology Co Ltd is not compliant with Shariah. The company is involved in Financial Transactions Processing, Reserve, and Clearinghouse Activities and related activities.

Market cap: 542 MRev. Growth: 78.03%

AAOIFI ✗

Debt/MC28.17%
Non-Compliant Assets/MC74.57%
Impure Income (incl. Interest)0.69%
Impure Income%
Interest Income0.69%
Total0.69%

S&P ✗

Debt/36 mo MC3.43%
Cash/36 mo MC4.94%
AR/36 mo MC3.3%

DJIM ✗

Debt/24 mo MC3.35%
Cash/24 mo MC4.83%
AR/24 mo MC3.22%

FTSE ✗

Debt/Assets10.39%
Cash/Assets14.98%
Cash&AR/Assets24.98%
Impure Income (incl. Interest)0.69%
Impure Income%
Interest Income0.69%
Total0.69%

MSCI ✗

Debt/Assets10.39%
Cash/Assets14.98%
Cash&AR/Assets24.98%

Recommendation Rating

2.83

1

2

3

4

5

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

Analysts’ Price Targets

Mean 2.6

Low: 1.6

High: 3.8

Total Analysts: 6


ONECONNECT FINANCIAL TECHNOLOGY CO., LTD. is a holding company that provides technology-as-a-service platform for financial institutions. The Company integrates financial services industry expertise with technology to provide technology applications and technology-enabled business services to financial institutions and financial services industry, including banking, insurance and asset management. The Company has technology solutions across the full scope from sales and marketing and risk management to customer services and operations, as well as technology infrastructure such as data management and cloud services. The Company conducts its businesses primarily within the domestic market.

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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