Is IOI Corp (1961) Halal?
Shariah Screening — 5 Standards
Based on financial data from June 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 13.2% / 30% | 6.8% / 30% | 5.7% / 30% | 0.29% / 5% | ✓ HALAL |
| DJIM | 13.2% / 33% | 6.8% / 33% | 5.7% / 33% | 0.29% / 5% | ✓ HALAL |
| MSCI | 18.0% / 33% | 9.2% / 33% | 7.7% / 33% | 0.29% / 5% | ✓ HALAL |
| S&P | 13.2% / 33% | 6.8% / 33% | 5.7% / 33% | 0.29% / 5% | ✓ HALAL |
| FTSE | 18.0% / 33% | 9.2% / 33% | 7.7% / 50% | 0.29% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 22.1% | |
| Operating Margin | 14.9% | |
| Net Margin | 13.6% | |
| Return on Equity (ROE) | 12.6% | |
| Return on Assets (ROA) | 5.2% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $1.0B |
| Free Cash Flow | $352M |
| Total Debt | $3.3B |
| Debt-to-Equity | 24.1 |
| Current Ratio | 3.1 |
| Total Assets | $18.1B |
Price & Trading
| Last Close | MYR 4.11 |
| 50-Day MA | MYR 4.02 |
| 200-Day MA | MYR 3.95 |
| Avg Volume | 2.6M |
| Beta | 0.1 |
|
52-Week Range
MYR 3.42
| |
About IOI Corp (1961)
IOI Corporation Berhad, an investment holding company, primarily engages in the plantation business in Malaysia, Europe, North America, Asia, and internationally. The company operates through two segments, Plantation and Resource-Based Manufacturing. It cultivates oil palm, softwood timber, rubber, and coconut; refines and processes crude palm, crude coconut, and palm kernel oils; and manufactures specialty oils and fats. The company also manufactures and exports fatty acids, soap noodles, glycerin, fatty esters, and other related products. In addition, it is involved in the commercialization of clonal ramets, tissue culturing process and biotechnology related research and development activities; provision of management and marketing services; production and supply of palm-based renewable energy; and trading of palm oil commodities, oilseeds, and edible oils and fats; and the processing of raw materials for the edible oils and fats industry. Further, the company engages in the property development, maintenance, and investment activities; issuance of exchangeable bonds and guaranteed notes; processing of oil palm trunks; storage tanks rental activities; manufacturing of oleochemical products; and provision of bulk cargo warehousing services, as well as treasury management services and management consulting services. Additionally, it is involved in the manufacture and sale of pharmaceutical products, plasticizer products, margarine, and shortening and fat spreads; manufacture of palm wood boards and panels under the OnCore brand name used in the furniture, construction, and building industries; and development of a proprietary keto-ester portfolio. The company was formerly known as Industrial Oxygen Incorporated Sdn Bhd and changed its name to IOI Corporation Berhad in March 1995. IOI Corporation Berhad was incorporated in 1969 and is based in Putrajaya, Malaysia.IOI Corporation Berhad is a subsidiary of Progressive Holdings Sdn. Bhd.
Purification Calculator
As a halal stock with 0.29% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is IOI Corp (1961) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), IOI Corp is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is IOI Corp's debt ratio?
IOI Corp's debt ratio is 13.2% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 18.0%.
Does IOI Corp require dividend purification?
Yes, IOI Corp has an impermissible income ratio of 0.29%, which means 0.29% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are IOI Corp's key financial metrics?
IOI Corp has a market capitalization of $26.2B, trailing P/E ratio of 16.0, and revenue of $11.3B. The company maintains a gross margin of 22.1% and a net margin of 13.6%. Return on equity stands at 12.6%.
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.