Is 1023 (1023) Halal?

KLS Financial Services Malaysia $83.2B
✗ NOT HALAL
Confidence: 95/100
1023 (1023) is Not Halal under AAOIFI Standard 21 due to its classification in the Banks - Regional industry, which is excluded under Shariah screening. Companies operating in prohibited sectors such as conventional banking, insurance, alcohol, tobacco, and gambling are automatically excluded regardless of their financial ratios.

Shariah Screening — 5 Standards

Based on financial data from December 2025

Standard Debt Ratio Cash Ratio Receivables Income Status
AAOIFI Excluded — Banks - Regional ✗ NOT HALAL
DJIM Excluded — Banks - Regional ✗ NOT HALAL
MSCI Excluded — Banks - Regional ✗ NOT HALAL
S&P Excluded — Banks - Regional ✗ NOT HALAL
FTSE Excluded — Banks - Regional ✗ NOT HALAL

Financial Highlights

P/E Ratio
10.5
Forward: 9.5
EPS
$0.73
Dividend Yield
521.0%
Payout: 54.5%
P/B Ratio
1.2
Revenue
$22.7B
Growth: 6.0%
Beta
0.2
Low volatility

Profitability

Gross Margin 0.0%
Operating Margin 48.6%
Net Margin 36.9%
Return on Equity (ROE) 11.2%
Return on Assets (ROA) 1.0%

Cash Flow & Balance Sheet

Operating Cash Flow$2.7B
Free Cash Flow$1.6B
Total Debt$45.2B
Total Assets$778.7B

Price & Trading

Last CloseMYR 7.81
50-Day MAMYR 8.24
200-Day MAMYR 7.59
Avg Volume17.3M
Beta0.2
52-Week Range
MYR 6.21
MYR 8.95

About 1023 (1023)

CEO
Mr. Muhammad Novan Bin Amirudin
Employees
32,813
Sector
Financial Services
Industry
Banks - Regional
Country
Malaysia
Exchange
KLS
Market Cap
$83.2B
Currency
MYR

CIMB Group Holdings Berhad provides various banking products and services in Malaysia and internationally. The Consumer Banking segment offers conventional and Islamic financial products and services, such as residential and non-residential property loans, secured personal loans, motor vehicle financing, credit cards, unsecured personal financing, wealth management, bancassurance, remittance and foreign exchange, deposits, and internet banking services to individual customers. Its Commercial Banking segment provides banking credit facilities, trade financing, cash management, online business banking platform, remittance, and foreign exchange, as well as general deposit products to small and medium-scale enterprises, and mid-sized corporations. The Wholesale Banking segment offers client coverage marketing and delivering solutions; financial advisory services on issuance of equity and equity-linked products, debt restructuring, initial public offerings, secondary offerings, and general corporate advisory; conventional and Islamic funding solutions covering trade, working capital line, capital expenditure, leveraging, merger and acquisition, leveraged, and project financing products; and funding solutions, including cash management, trade finance, foreign exchange, custody and corporate loans, derivatives, structured products, and debt capital. This segment also includes treasury activities and services comprising foreign exchange, money market, derivatives, and capital market trading instruments; transaction banking services, such as trade facilities and cash management solutions; and wealth management solutions, as well as investment, securities financing, and trust services. Its CIMB Digital Assets and Group Funding segment engages in digital businesses and ventures, as well as capital, balance sheet, and fixed income investments and management activities. The company was founded in 1924 and is headquartered in Kuala Lumpur, Malaysia.

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Frequently Asked Questions

Is 1023 (1023) halal to invest in?

Based on our screening using AAOIFI Standard 21 (the strictest methodology), 1023 is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.

What is 1023's debt ratio?

1023's debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.

What are 1023's key financial metrics?

1023 has a market capitalization of $83.2B, trailing P/E ratio of 10.5, and revenue of $22.7B. Return on equity stands at 11.2%.

How often is the screening data updated?

Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.

Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.