Is Alpha Technology Group Ltd (ATGL) Halal?
Shariah Screening — 5 Standards
Based on financial data from September 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 1.8% / 30% | 10.9% / 30% | 0.4% / 30% | 168.84% / 5% | ✗ NOT HALAL |
| DJIM | 1.8% / 33% | 10.9% / 33% | 0.4% / 33% | 168.84% / 5% | ✗ NOT HALAL |
| MSCI | 14.4% / 33% | 88.7% / 33% | 3.2% / 33% | 168.84% / 5% | ✗ NOT HALAL |
| S&P | 1.8% / 33% | 10.9% / 33% | 0.4% / 33% | 168.84% / 5% | ✗ NOT HALAL |
| FTSE | 14.4% / 33% | 88.7% / 33% | 3.2% / 50% | 168.84% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 49.2% | |
| Operating Margin | -1199.9% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -184.9% | |
| Return on Assets (ROA) | -76.4% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$13M |
| Free Cash Flow | -$14M |
| Total Debt | $5M |
| Debt-to-Equity | 20.4 |
| Current Ratio | 3.3 |
| Total Assets | $35M |
Price & Trading
| Last Close | $16.60 |
| 50-Day MA | $18.64 |
| 200-Day MA | $22.04 |
| Avg Volume | 17K |
| Beta | 5.5 |
|
52-Week Range
$9.01
| |
About Alpha Technology Group Ltd (ATGL)
Alpha Technology Group Limited, through its subsidiaries, provides information technology solutions and services in Hong Kong. It offers system development services, including cloud-based customer relationship management and enterprise resource planning systems; web and mobile application development services; and AI-empowered optical character recognition services to extract printed text and data from imported documents, such as invoices, receipts, applications, forms, and identification documents. The company also provides technological support and maintenance services, as well as NFT-related services comprising artwork, marketplace, and NFT-related games. It serves consulting, real estate planning, carpark management, social services, and other industries. The company was incorporated in 2022 and is based in Kwun Tong, Hong Kong.
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Frequently Asked Questions
Is Alpha Technology Group Ltd (ATGL) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Alpha Technology Group Ltd 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 Alpha Technology Group Ltd's debt ratio?
Alpha Technology Group Ltd's debt ratio is 1.8% 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 14.4%.
What are Alpha Technology Group Ltd's key financial metrics?
Alpha Technology Group Ltd has a market capitalization of $260M, and revenue of $7M. Return on equity stands at -184.9%.
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.