Dorman Products

DORM stock is Shariah-compliant

Dikuasakan oleh API Zoya

About Dorman Products (DORM)

Dorman Products supplies replacement parts and fasteners for passenger cars, light trucks, and medium- and heavy-duty trucks in the automotive aftermarket industry worldwide. It offers original equipment dealer products, automotive replacement parts, heavy-duty aftermarket parts, powertrain and chassis products, automotive body products, and hardware products under various brands. The company sells its products through automotive aftermarket retailers, distributors, specialty markets, salvage yards, and mass merchants.

Soalan lazim

Is Dorman Products (DORM) stock halal to invest in?
Yes, DORM is Shariah-compliant based on the company’s latest financial reports and therefore considered halal to invest in. Last updated on Aug 27, 2024.
No, DORM is Shariah-compliant based on the company’s latest financial reports and therefore not considered halal to invest in. Last updated on Aug 27, 2024.
DORM is flagged as Shariah-compliant in terms of Shariah compliance based on the company's latest financial reports. This means that while the company's operations do not definitively violate Islamic guidelines, there are certain aspects of Dorman Products's business that require careful consideration. Last updated on Aug 27, 2024.
Does Dorman Products have any interest income?
Yes, Dorman Products does have interest income. According to the company's latest annual report for the fiscal year ending Dec 31, 2023, Dorman Products reported revenue of 1929788000 and interest income of 0. The interest income represents 0% of the combined total. It's worth noting that some companies may report additional interest income as part of their revenue. For a detailed breakdown of all interest income and revenue segments, please refer to the full Shariah compliance report available in the Zoya app.
No, Dorman Products has not reported any interest income. According to the company's latest annual report for the fiscal year ending Dec 31, 2023, Dorman Products reported total revenue of 1929788000, with no separate interest income disclosed. However, it's worth noting that some companies may report interest income as part of their revenue. For a detailed breakdown of all interest income and revenue segments, please refer to the full Shariah compliance report available in the Zoya app.
What guidelines are used to determine if Dorman Products stock is Shariah-compliant?
Kami menggunakan garis panduan yang ditetapkan oleh Organisasi Perakaunan dan Pengauditan untuk Institusi Kewangan Islam (AAOIFI) untuk menilai pematuhan Syariah. AAOIFI ialah organisasi antarabangsa terkemuka yang menetapkan piawaian untuk kewangan Islam. Garis panduan mereka membantu menentukan sama ada aktiviti perniagaan dan struktur kewangan syarikat sejajar dengan prinsip Islam. Piawaian ini dihormati secara meluas dalam industri kewangan Islam dan menyediakan rangka kerja yang konsisten untuk menilai pematuhan Syariah saham dan instrumen kewangan lain. Lembaga Syariah AAOIFI termasuk ulama terkenal seperti Sheikh Muhammad Taqi Usmani, Sheikh AbdulSattar Abu Ghuddah, dan Sheikh Abdullah AlManea.
How often is Dorman Products stock reviewed for Shariah compliance?
The Shariah compliance status of Dorman Products stock is reviewed on a regular basis, with a minimum frequency of once per quarter. However, if there are any significant changes or major developments in the company's operations that may impact its compliance, an immediate review will be conducted to ensure ongoing adherence to Shariah principles.
How can I stay updated on Dorman Products's compliance status?
To stay informed, we recommend regularly checking Zoya for updates. You can also enable alerts within the Zoya app to receive notifications whenever there is a change in the Shariah compliance of DORM, or any other stocks you are monitoring. This is particularly useful as Shariah compliance can fluctuate due to changes in a company's financial ratios or business activities.
Are dividends from Dorman Products stock considered halal?
Yes, dividends from DORM are considered halal. However, you may need to purify a portion of the dividend if the company has any impermissible revenue. Shariah standards typically allow up to 5% of revenue from impermissible sources for a stock to remain compliant. To find the exact percentage of impermissible revenue for Dorman Products (DORM), check the Zoya app. For more details on the purification process, read our comprehensive guide.
No, dividends from DORM are not considered halal because the stock is currently not Shariah-compliant. When a stock is non-compliant, any dividends received from it are considered impermissible income and should be donated to charity as a form of purification. To learn more about the purification process and how to handle impermissible income, read our comprehensive guide.
Do I need to pay Zakat on my Dorman Products shares?
If you hold Dorman Products stock as an investment, through an Employee Stock Ownership Plan (ESOP), stock options, restricted stock units (RSUs), or any other form of stock ownership, and meet the Nisab threshold, you may be required to pay Zakat on it. The calculation of Zakat on stocks can be complex and depends on various factors. To help make this easy, we've created a free Zakat calculation tool. For an even easier experience, use the Zoya mobile app, where you can link your brokerage account to automatically import holdings.

How to buy Dorman Products (DORM) stock on Zoya

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