Is Forafric Global PLC (AFRIW) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | N/A | N/A | N/A | N/A | ? INSUFFICIENT DATA |
| DJIM | N/A | N/A | N/A | N/A | ? INSUFFICIENT DATA |
| MSCI | 67.4% / 33% | 5.0% / 33% | 10.6% / 33% | 0.01% / 5% | ✗ NOT HALAL |
| S&P | N/A | N/A | N/A | N/A | ? INSUFFICIENT DATA |
| FTSE | 67.4% / 33% | 5.0% / 33% | 10.6% / 50% | 0.01% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 9.3% | |
| Operating Margin | -3.5% | |
| Net Margin | -11.1% | |
| Return on Equity (ROE) | -156.4% | |
| Return on Assets (ROA) | -0.4% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $23M |
| Free Cash Flow | $21M |
| Total Debt | $166M |
| Debt-to-Equity | 1753.3 |
| Current Ratio | 0.4 |
| Total Assets | $246M |
Price & Trading
| Last Close | $0.59 |
| Beta | 0.4 |
|
52-Week Range
$0.58
| |
About Forafric Global PLC (AFRIW)
Forafric Global PLC engages in the purchase, storage, transport, processing, and sale of agricultural commodities and commodity products in Morocco, Burkina, Mali, and internationally. The company operates through Soft Wheat, Durum Wheat, and Couscous and Pasta segments. It provides wheat flours and semolina; and secondary processing products, such as pasta and couscous. The company operates under the TRIA and MayMouna brand names. It serves wholesale foods manufacturers and distributors. The company also exports its products to approximately 45 countries. Forafric Global PLC was founded in 1926 and is headquartered in Gibraltar.
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Frequently Asked Questions
Is Forafric Global PLC (AFRIW) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Forafric Global PLC 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 Forafric Global PLC's debt ratio?
Forafric Global PLC's debt ratio is not available 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 67.4%.
What are Forafric Global PLC's key financial metrics?
Forafric Global PLC has a market capitalization of N/A, and revenue of $274M. The company maintains a gross margin of 9.3% and a net margin of -11.1%. Return on equity stands at -156.4%.
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.