CS

CSG.AS

$16.43
Sharia status
NOT COMPLIANT
Per In-house ratio engine · assessed 2026-08-28
HTR non-permissible income 5.48%
🕌Open research, not a fatwa — verify with your own scholar.
Trade setup SEPARATE FROM SHARIAH
No trade setup shown — a stock that isn't cleanly Sharia-compliant never gets a bullish verdict here.

CSG N.V. (CSG.AS) is currently considered not halal (non-compliant), per In-house ratio engine (last assessed 2026-08-28). See the full ratio breakdown and business-activity screen below for the reasoning.

⚠️ Financial ratios are only half the screen. A company whose core business is in an excluded sector — weapons/defense, alcohol, gambling, conventional (interest-based) finance, tobacco, pork, or adult entertainment — is non-compliant even if every debt and income ratio passes. So passing ratios below don't override this verdict; check the business-activity screen for the reason.

Market & analysts
Price target
$26.77
+62.9% · 13 analysts
Institutional own.
6.4%
of shares
NON-COMPLIANT
Sharia compliance
5.48%
Non-permissible income — HTR, from filings (2024-12-31)
$26.77
Price target (+62.9%) · 13 analysts
6.4%
Institutional ownership

🕌 In-house Compliance Research

Computed from Yahoo Finance fundamentals (Tier-4 provider, no filing available), balance sheet as of 2025-09-30. CSG.AS files no SEC reports, so these ratios come from the issuer's own published statements rather than XBRL.

Business activity: cleared (no excluded categories detected)

AAOIFI Fail

RatioValueThresholdResult
Interest-bearing debt 22.78% 30.00% Pass
Interest-bearing investments 4.42% 30.00% Pass
Non-permissible income 5.48% 5.00% Fail

Usmani Fail

RatioValueThresholdResult
Interest-bearing debt 44.70% 33.00% Fail
Interest-bearing investments 8.68% 33.00% Pass
Non-liquid assets 78.97% at least 20.00% Pass
Non-permissible income 5.48% 5.00% Fail

MSCI Fail

RatioValueThresholdResult
Interest-bearing debt 44.70% 33.33% Fail
Cash + interest-bearing securities 8.68% 33.33% Pass
Accounts receivable 21.03% 33.33% Pass
Non-permissible income 5.48% 5.00% Fail

FTSE Fail

RatioValueThresholdResult
Interest-bearing debt 44.70% 33.33% Fail
Cash + interest-bearing securities 8.68% 33.33% Pass
Accounts receivable 21.03% 50.00% Pass
Non-permissible income 5.48% 5.00% Fail

Research only, not investment advice. Thresholds are each standard-setter's published limits; a ratio marked “at least” is a floor, not a ceiling.

33.0127.8422.6817.5112.352026-01-232026-05-202026-09-09

Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset

Support & Resistance
S3
15.62
S2
15.85
S1
16.31
PIVOT
16.54
R1
17.00
R2
17.23
R3
17.69

Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.

Price Forecast

7-day expected range
15.2289 19.3071
±11.81% from 17.268, made 2026-09-03 · resolves 2026-09-10
STRONG SELL
from 18 indicators
Not enough resolved predictions yet — 0 of 10 needed before we publish an accuracy figure. 21847 forecast(s) are currently open and will be scored automatically when their horizon expires.

The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally above. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.

Technical Summary

STRONG SELL
18 indicators
OscillatorsNEUTRAL
3 buy · 1 neutral · 3 sell
Moving averagesSTRONG SELL
0 buy · 0 neutral · 11 sell
Every indicator, and what it reads
IndicatorValueSignal
RSI (14)39.20NEUTRAL
Stochastic %K (14)5.90BUY
CCI (20)-131.42BUY
Williams %R (14)-94.10BUY
MACD (12,26,9)-0.37SELL
ROC (10)-12.36SELL
Momentum (10)-2.29SELL
EMA (10)17.15SELL
SMA (10)17.34SELL
EMA (20)17.50SELL
SMA (20)18.20SELL
EMA (30)17.43SELL
SMA (30)18.07SELL
EMA (50)17.27SELL
SMA (50)16.74SELL
EMA (100)18.79SELL
SMA (100)16.43SELL
EMA (200)20.86SELL

Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.

About CSG N.V.

Industrials · Aerospace & Defense

CSG N.V. manufactures and sells defence products in the Czech Republic, Europe, the United States, and the Asia Pacific. The company operates through CSG Defence Systems and CSG Ammo + segments. The CSG Defence Systems segment focuses on the production, sale, service, and maintenance of military and defence equipment to customers, including governments and private companies. Its products include medium and large calibre ammunition (105-155mm and other artillery ammunition, as well as tank ammunition, rockets, mortar bombs and medium calibre ammunition); land systems include military-use vehicles, such as military, wheeled and tracked vehicles, heavy off-road trucks and weapon systems; Aero space and defence electronics, including military radars for land vehicles and air defence systems, surveillance radars, and systems for air traffic control; and advanced systems, focuses on turbojet engines for unmanned aerial vehicles (UAVs) and missiles. The CSG Ammo + segment provides small calibre ammunicato products, including ammunition for pistols, revolvers, rifles and shotguns for civilian customers, law enforcement, and the military. The company has a strategic collaboration with FNSS Savunma Sistemleri A.S. for the development of advanced armored platforms. The company has strategic joint ventures with Hellenic Defence Systems S.A. in Greece to produce large-calibre ammunition and explosives supply security, and with partners in India to expand manufacturing capabilities and secure access to critical inputs for ammunition production. The company was founded in 1995 and is based in Prague, the Czech Republic. CSG N.V. operates as a subsidiary of CSG FIN a.s.

czechoslovakgroup.com ↗

Background via Yahoo Finance — informational, not part of the verdict.

SMC — Top Down

Not enough price history yet for a smart-money structure read on any timeframe.

Momentum & Volume

Peer Movement

Peer movement computing — it will appear here on its own.

Insider Activity (90d)

NO DATA   0 buys · 0 sells

COT Positioning — E-MINI S&P 500 - CHICAGO MERCANTILE EXCHANGE

NEUTRAL   report date 2026-09-01 · Asset managers net 934180 (-19048)

AI Summary

Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.

Tell us what's working, what's confusing, or what you want to see next — read by a real person, not a form that goes nowhere.