APO

Apollo Global Management Inc

Halal Rating :
Comfortable
Last Price $163
Market Cap $92.48b
1D Change

-2.78 %

1 Year Change

50.29 %

Next Earnings Date

Yet to be announced

Company Overview

Apollo Global Management, Inc. is a private equity firm specializing investments in credit, private equity and real estate markets. The firm provides its services to endowment and sovereign wealth funds, as well as other institutional and individual investors. It seeks to invest in companies based in across Africa, North America with a focus on United States, and Europe.

Revenue Sources

Pass

Based on Apollo's SEC filings and business model, the company's primary revenue streams come from investment management fees, advisory services, and returns on investments. While they engage in financial services, their core business involves real asset exchanges and value creation through investment management, which are permissible activities from an Islamic finance perspective.

The company does not derive significant revenue from prohibited activities like gambling, alcohol, tobacco, or adult entertainment.

Reliance on Interest

Reporting Date Total Revenue Total Expense Interest Income Interest Expense Interest Income Ratio Interest Expense Ratio
Sept. 30, 2024 $8.38b $5.82b - - 0.00% 0.00%
June 30, 2024 $6.21b $4.58b - - 0.00% 0.00%
March 31, 2024 $5.44b $4.92b - $76.0m 0.00% 1.55%
Dec. 31, 2023 $10.1b $9.1b - - 0.00% 0.00%

Looking at the last four quarters of financial data, interest expense has been minimal or non-existent for most periods, with only one quarter showing an interest expense of $76 million. When comparing this to total expenses, the interest expense ratios fall well below concerning levels.

The company's business model is not dependent on interest-based income, as their revenue primarily comes from management fees and investment returns.

Operational Ethics

Pass

After reviewing Apollo's public disclosures and operations, there is no evidence of significant ongoing associations with entities involved in human rights violations. The company maintains a global presence but does not appear to have material ties to the state of Israel or direct involvement with the Chinese Communist Party.

Rating Justification

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