Is Adaro Energy (ADRO) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 0.0% / 30% | 0.0% / 30% | 0.0% / 30% | 5.69% / 5% | ✗ NOT HALAL |
| DJIM | 0.0% / 33% | 0.0% / 33% | 0.0% / 33% | 5.69% / 5% | ✗ NOT HALAL |
| MSCI | 8.7% / 33% | 30.3% / 33% | 5.2% / 33% | 5.69% / 5% | ✗ NOT HALAL |
| S&P | 0.0% / 33% | 0.0% / 33% | 0.0% / 33% | 5.69% / 5% | ✗ NOT HALAL |
| FTSE | 8.7% / 33% | 30.3% / 33% | 5.2% / 50% | 5.69% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 34.0% | |
| Operating Margin | 30.7% | |
| Net Margin | 23.9% | |
| Return on Equity (ROE) | 9.4% | |
| Return on Assets (ROA) | 4.8% |
Cash Flow & Balance Sheet
| Free Cash Flow | -$207M |
| Total Debt | $821M |
| Debt-to-Equity | 16.4 |
| Current Ratio | 2.6 |
| Total Assets | $6.8B |
Price & Trading
| Last Close | IDR 2,580.00 |
| 50-Day MA | IDR 2,326.80 |
| 200-Day MA | IDR 1,954.33 |
| Avg Volume | 161.8M |
| Beta | -0.2 |
|
52-Week Range
IDR 1,600.00
| |
About Adaro Energy (ADRO)
PT Alamtri Resources Indonesia Tbk, together with its subsidiaries, engages in the coal and mining business in Indonesia. It operates through Coal Mining and Trading; Mining Services; Logistics; and Others segments. The company provides trading, transportation, warehousing, quarrying, cargo handling, and mining and transportation support services. It is involved in the agriculture, construction, and seaport service activities, as well as repair and installation of machines, power supply, water treatment, and forestry and industry related activities. In addition, the company provides investment, trading and power plant, electric power supply, metal processing, and stone sand and other clays quarrying services; and transmission, distribution, and sale of electricity. It also exports its products to China, India, Korea, and Singapore. The company was formerly known as PT Adaro Energy Indonesia Tbk and changed its name to PT Alamtri Resources Indonesia Tbk in November 2024. The company was founded in 2004 and is headquartered in Jakarta, Indonesia.
Related Halal Stocks in Energy
Frequently Asked Questions
Is Adaro Energy (ADRO) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Adaro Energy 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 Adaro Energy's debt ratio?
Adaro Energy's debt ratio is 0.0% 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 8.7%.
What are Adaro Energy's key financial metrics?
Adaro Energy has a market capitalization of $73.2T, trailing P/E ratio of 9.5, and revenue of $1.9B. The company maintains a gross margin of 34.0% and a net margin of 23.9%. Return on equity stands at 9.4%.
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.