Is Blue Gold Ltd (BGL) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2023
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 0.7% / 30% | 0.0% / 30% | 0.0% / 30% | N/A | ✓ HALAL |
| DJIM | 0.7% / 33% | 0.0% / 33% | 0.0% / 33% | N/A | ✓ HALAL |
| MSCI | 498.5% / 33% | 0.0% / 33% | 0.0% / 33% | N/A | ✗ NOT HALAL |
| S&P | 0.7% / 33% | 0.0% / 33% | 0.0% / 33% | N/A | ✓ HALAL |
| FTSE | 498.5% / 33% | 0.0% / 33% | 0.0% / 50% | N/A | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 0.0% | |
| Operating Margin | 0.0% | |
| Net Margin | 0.0% |
Cash Flow & Balance Sheet
| Total Debt | $418,669 |
| Current Ratio | 0.1 |
| Total Assets | $83,991 |
Price & Trading
| Last Close | $1.11 |
| 50-Day MA | $2.22 |
| 200-Day MA | $9.66 |
| Avg Volume | 1.4M |
| Beta | 3.4 |
|
52-Week Range
$1.05
| |
About Blue Gold Ltd (BGL)
Blue Gold Limited acquires, develops, finances, licenses, and operates gold mines in the Ashanti region of Ghana. The company focused on the Ashanti Gold Belt located in Ghana. Blue Gold Limited was founded in 2023 and is headquartered in Grand Cayman, the Cayman Islands.
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Frequently Asked Questions
Is Blue Gold Ltd (BGL) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Blue Gold Ltd is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Blue Gold Ltd's debt ratio?
Blue Gold Ltd's debt ratio is 0.7% 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 498.5%.
What are Blue Gold Ltd's key financial metrics?
Blue Gold Ltd has a market capitalization of $40M.
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.