Is Hartalega (5168) Halal?
Shariah Screening — 5 Standards
Based on financial data from March 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 0.2% / 30% | 32.3% / 30% | 10.5% / 30% | 0.0% / 5% | ✗ NOT HALAL |
| DJIM | 0.2% / 33% | 32.3% / 33% | 10.5% / 33% | 0.0% / 5% | ✓ HALAL |
| MSCI | 0.1% / 33% | 19.5% / 33% | 6.4% / 33% | 0.0% / 5% | ✓ HALAL |
| S&P | 0.2% / 33% | 32.3% / 33% | 10.5% / 33% | 0.0% / 5% | ✓ HALAL |
| FTSE | 0.1% / 33% | 19.5% / 33% | 6.4% / 50% | 0.0% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 11.6% | |
| Operating Margin | 5.5% | |
| Net Margin | 3.5% | |
| Return on Equity (ROE) | 1.8% | |
| Return on Assets (ROA) | 1.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $113M |
| Free Cash Flow | -$80M |
| Total Debt | $7M |
| Debt-to-Equity | 0.2 |
| Current Ratio | 8.1 |
| Total Assets | $4.7B |
Price & Trading
| Last Close | MYR 0.94 |
| 50-Day MA | MYR 0.90 |
| 200-Day MA | MYR 1.14 |
| Avg Volume | 7.3M |
| Beta | 0.1 |
|
52-Week Range
MYR 0.80
| |
About Hartalega (5168)
Hartalega Holdings Berhad, an investment holding company, engages in the manufacture, retail, and wholesale of latex and nitrile gloves in Malaysia, North America, Europe, Asia, Australia, the Middle East, and internationally. It is involved in the leasing of properties; and research and development of automation systems. The company offers its products for healthcare, dental, food, industrial, veterinary, tattoo, lifesciences, spa and beauty salon markets. Hartalega Holdings Berhad was founded in 1988 and is based in Kuala Lumpur, Malaysia.
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Frequently Asked Questions
Is Hartalega (5168) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Hartalega 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 Hartalega's debt ratio?
Hartalega's debt ratio is 0.2% 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 0.1%.
What are Hartalega's key financial metrics?
Hartalega has a market capitalization of $3.4B, trailing P/E ratio of 50.0, and revenue of $2.6B. The company maintains a gross margin of 11.6% and a net margin of 3.5%. Return on equity stands at 1.8%.
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.