Is BGIN BLOCKCHAIN Ltd (BGIN) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 0.1% / 30% | 37.2% / 30% | 2.9% / 30% | 7.5% / 5% | ✗ NOT HALAL |
| DJIM | 0.1% / 33% | 37.2% / 33% | 2.9% / 33% | 7.5% / 5% | ✗ NOT HALAL |
| MSCI | 0.2% / 33% | 42.4% / 33% | 3.3% / 33% | 7.5% / 5% | ✗ NOT HALAL |
| S&P | 0.1% / 33% | 37.2% / 33% | 2.9% / 33% | 7.5% / 5% | ✗ NOT HALAL |
| FTSE | 0.2% / 33% | 42.4% / 33% | 3.3% / 50% | 7.5% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 17.8% | |
| Operating Margin | -88.7% | |
| Net Margin | -28.2% | |
| Return on Equity (ROE) | -32.7% | |
| Return on Assets (ROA) | -5.4% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$199M |
| Free Cash Flow | -$212M |
| Total Debt | $445,403 |
| Debt-to-Equity | 0.2 |
| Current Ratio | 3.1 |
| Total Assets | $271M |
Price & Trading
| Last Close | $2.15 |
| 50-Day MA | $2.90 |
| 200-Day MA | $3.11 |
| Avg Volume | 17K |
|
52-Week Range
$2.08
| |
About BGIN BLOCKCHAIN Ltd (BGIN)
Bgin Blockchain Limited, through its subsidiaries, operates as a digital asset technology company in Singapore, Hong Kong, the United States, and rest of Southeast Asia. It produces cryptocurrencies through its mining operations. The company also designs and sells mining machines for individual miners and distributors, as well as develops computer chips. In addition, it offers miner hosting, mining pool, and value-added services. The company was founded in 2019 and is based in Singapore.
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Frequently Asked Questions
Is BGIN BLOCKCHAIN Ltd (BGIN) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), BGIN BLOCKCHAIN 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 BGIN BLOCKCHAIN Ltd's debt ratio?
BGIN BLOCKCHAIN Ltd's debt ratio is 0.1% 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 0.2%.
What are BGIN BLOCKCHAIN Ltd's key financial metrics?
BGIN BLOCKCHAIN Ltd has a market capitalization of $251M, and revenue of $302M. The company maintains a gross margin of 17.8% and a net margin of -28.2%. Return on equity stands at -32.7%.
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.