Is BioNexus Gene Lab Corp (BGLC) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 3.6% / 30% | 74.1% / 30% | 28.2% / 30% | 1.55% / 5% | ✗ NOT HALAL |
| DJIM | 3.6% / 33% | 74.1% / 33% | 28.2% / 33% | 1.55% / 5% | ✗ NOT HALAL |
| MSCI | 2.0% / 33% | 42.0% / 33% | 16.0% / 33% | 1.55% / 5% | ✗ NOT HALAL |
| S&P | 3.6% / 33% | 74.1% / 33% | 28.2% / 33% | 1.55% / 5% | ✗ NOT HALAL |
| FTSE | 2.0% / 33% | 42.0% / 33% | 16.0% / 50% | 1.55% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 14.8% | |
| Operating Margin | -30.3% | |
| Net Margin | -24.3% | |
| Return on Equity (ROE) | -28.3% | |
| Return on Assets (ROA) | -16.4% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$2M |
| Free Cash Flow | -$2M |
| Total Debt | $210,557 |
| Debt-to-Equity | 3.4 |
| Current Ratio | 8.3 |
| Total Assets | $10M |
Price & Trading
| Last Close | $2.49 |
| 50-Day MA | $2.53 |
| 200-Day MA | $4.29 |
| Avg Volume | 22K |
| Beta | 2.3 |
|
52-Week Range
$1.92
| |
About BioNexus Gene Lab Corp (BGLC)
BioNexus Gene Lab Corp., through its subsidiaries, focuses on the sale of chemical raw materials for the manufacture of industrial, medical, appliance, aero, automotive, mechanical, and electronic products in Malaysia, Indonesia, Vietnam, and other countries in Southeast Asia. The company operates through three segments: Trading of Industrial Chemicals; Provision for Genomic Screening Services; and Investment Holding. It offers various chemical raw material products, including polyester resin SHCP 268, a thixotropic, quick-curing unsaturated polyester resin suitable as a general-purpose resin; polyester resin 9509, a general-purpose material used in the production of marine boats and water slides; and polyester resin 2802, which is used as a component in the pultrusion process. The company's products are used in producing various finished goods, such as handrails, bench tops, and automotive and aero parts; paneling for hospital, laboratory, and industrial clean rooms; and covers for various instruments used in manufacturing. It also develops and provides non-invasive liquid biopsy tests for the early detection of biomarkers. BioNexus Gene Lab Corp. was incorporated in 2017 and is based in Kuala Lumpur, Malaysia.
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Frequently Asked Questions
Is BioNexus Gene Lab Corp (BGLC) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), BioNexus Gene Lab Corp 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 BioNexus Gene Lab Corp's debt ratio?
BioNexus Gene Lab Corp's debt ratio is 3.6% 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 2.0%.
What are BioNexus Gene Lab Corp's key financial metrics?
BioNexus Gene Lab Corp has a market capitalization of $6M, and revenue of $10M. The company maintains a gross margin of 14.8% and a net margin of -24.3%. Return on equity stands at -28.3%.
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.