ITPNot HalalF
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Compliance Status

Not Halal

Screened on Oct 6, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is IT Tech Packaging, Inc. (ITP) halal? Not Halal. Based on AAOIFI screening, IT Tech Packaging, Inc. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

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HalalScreener rates IT Tech Packaging, Inc. (ITP) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 6, 2026. Source: https://halalscreener.app/en/stock/ITP

Business activity

What the company sells is permissible.

Passed

Company debt

Over the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

401.1% of 30.0% limit
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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding ITP

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

IT Tech Packaging, Inc.

ITP: Is IT Tech Packaging, Inc. Halal?

IT Tech Packaging, Inc.

AMEXBasic MaterialsCN

$0.15

Market Cap: 2.6M

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About IT Tech Packaging, Inc.

IT Tech Packaging, Inc. operates within the People's Republic of China, focusing on the manufacturing and distribution of a diverse array of paper and related products. The company supplies corrugating medium papers, which are utilized by businesses in the production of corrugated cardboard, and also provides offset printing papers to printing establishments. Under its "Dongfang Paper" brand, IT Tech Packaging offers an extensive selection of tissue products, encompassing toilet paper, various boxed and soft-packed facial tissues, handkerchiefs, paper napkins, and both bathroom and kitchen paper towels. In addition to its paper lines, the company produces and sells both non-medical disposable face masks and medical-grade face masks. Founded in 1996, the firm was originally named Orient Paper, Inc., before officially rebranding to IT Tech Packaging, Inc. in August 2018. Its corporate headquarters are located in Baoding, People's Republic of China.

Sector: Basic Materials · Industry: Paper, Lumber & Forest Products

Why this does not pass

  • Interest-bearing debt is 401.1% of market cap, over the 30% AAOIFI limit.
  • Interest-bearing deposits are over the 30% limit.

Screened under AAOIFI Standard 21. The exact figure behind this is part of Pro; the failing check and its limit are always free.

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 6, 2026

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The verdict above is final and free.

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Screened according to AAOIFI Standard 21

Compliance History

Not Halal, unchanged since Aug 2026.

No status changes recorded since we began tracking.

Tracked since Aug 2026. Updates automatically on each re-screen.

Fiscal: Q3 2025Data source: EDGAR

Halal Alternatives in Basic Materials

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Frequently Asked Questions

Is IT Tech Packaging, Inc. (ITP) halal to invest in?
IT Tech Packaging, Inc. (ITP) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.
Why did IT Tech Packaging, Inc. get a F compliance rating?
IT Tech Packaging, Inc. (ITP) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 401.1% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change IT Tech Packaging, Inc.'s Shariah verdict?
IT Tech Packaging, Inc.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.
How often is IT Tech Packaging, Inc. re-screened for Shariah compliance?
IT Tech Packaging, Inc. (ITP) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Oct 6, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.