Is Anghami Inc (ANGH) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 44.8% / 30% | 51.7% / 30% | 55.8% / 30% | 0.69% / 5% | ✗ NOT HALAL |
| DJIM | 44.8% / 33% | 51.7% / 33% | 55.8% / 33% | 0.69% / 5% | ✗ NOT HALAL |
| MSCI | 9.9% / 33% | 11.4% / 33% | 12.3% / 33% | 0.69% / 5% | ✓ HALAL |
| S&P | 44.8% / 33% | 51.7% / 33% | 55.8% / 33% | 0.69% / 5% | ✗ NOT HALAL |
| FTSE | 9.9% / 33% | 11.4% / 33% | 12.3% / 50% | 0.69% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | -31.7% | |
| Operating Margin | -75.5% | |
| Net Margin | -75.4% | |
| Return on Equity (ROE) | -125.9% | |
| Return on Assets (ROA) | -32.9% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$48M |
| Free Cash Flow | -$49M |
| Total Debt | $12M |
| Debt-to-Equity | 153.9 |
| Current Ratio | 0.5 |
| Total Assets | $124M |
Price & Trading
| Last Close | $3.46 |
| 50-Day MA | $2.82 |
| 200-Day MA | $3.32 |
| Avg Volume | 842K |
| Beta | 1.3 |
|
52-Week Range
$2.25
| |
About Anghami Inc (ANGH)
Anghami Inc. operates a music-streaming platform in the Middle East and North Africa. The company offers digital entertainment and online streaming services, including music, podcasts, music videos, live events, movies, and series. It also provides a library of approximately 18,000 hours of premium video, including HBO content; and approximately 100 million Arabic and international songs and podcasts. In addition, the company offers various devices and payment methods. It offers its services through the Anghami Music and OSN+ Video apps. The company was founded in 2012 and is headquartered in Abu Dhabi, United Arab Emirates.
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Frequently Asked Questions
Is Anghami Inc (ANGH) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Anghami Inc 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 Anghami Inc's debt ratio?
Anghami Inc's debt ratio is 44.8% 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 9.9%.
What are Anghami Inc's key financial metrics?
Anghami Inc has a market capitalization of $30M, and revenue of $78M. The company maintains a gross margin of -31.7% and a net margin of -75.4%. Return on equity stands at -125.9%.
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.