Is Keppel (BN4) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 51.8% / 30% | 11.0% / 30% | 6.7% / 30% | 1.96% / 5% | ✗ NOT HALAL |
| DJIM | 51.8% / 33% | 11.0% / 33% | 6.7% / 33% | 1.96% / 5% | ✗ NOT HALAL |
| MSCI | 42.2% / 33% | 8.9% / 33% | 5.4% / 33% | 1.96% / 5% | ✗ NOT HALAL |
| S&P | 51.8% / 33% | 11.0% / 33% | 6.7% / 33% | 1.96% / 5% | ✗ NOT HALAL |
| FTSE | 42.2% / 33% | 8.9% / 33% | 5.4% / 50% | 1.96% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 28.7% | |
| Operating Margin | 12.7% | |
| Net Margin | 13.4% | |
| Return on Equity (ROE) | 8.9% | |
| Return on Assets (ROA) | 1.7% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $662M |
| Free Cash Flow | $148M |
| Total Debt | $11.4B |
| Debt-to-Equity | 104.3 |
| Current Ratio | 1.3 |
| Total Assets | $27.1B |
Price & Trading
| Last Close | SGD 12.27 |
| 50-Day MA | SGD 12.05 |
| 200-Day MA | SGD 9.88 |
| Avg Volume | 4.6M |
| Beta | 0.5 |
|
52-Week Range
SGD 5.61
| |
About Keppel (BN4)
Keppel Ltd., an investment holding company, engages in the infrastructure, real estate, and connectivity businesses in Singapore, China, Hong Kong, other Far East and ASEAN countries, and internationally. The company manages private funds and listed real estate investment and business trusts in areas of infrastructure, real estate, and connectivity; provides energy and environmental solutions and services, including commercial power generation, renewables, environmental engineering and construction, and infrastructure operation and maintenance; sustainable and urban space solutions; sustainable urban renewal and senior living services; system integration solutions and services; and engages in the property development and investment, and master development activities. It also offers telecommunication services; leases, develops, operates, and manages data centres; trades and sells telecommunication and information technology equipment; and develops and operates golf club. In addition, the company engages in electricity, energy and power supply; general wholesale trading; purchase and sale of gaseous fuels; development of district heating and cooling system; environmental, technology, and engineering works and construction activities; solid waste treatment activities; design and construction of waste-to-energy and desalination plants; commercial power generation; ownership and operation of hotels; and renewable energy generation activities. The company was formerly known as Keppel Corporation and changed its name to Keppel Ltd. in January 2024. Keppel Ltd. Limited was incorporated in 1968 and is headquartered in Singapore.
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Frequently Asked Questions
Is Keppel (BN4) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Keppel 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 Keppel's debt ratio?
Keppel's debt ratio is 51.8% 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 42.2%.
What are Keppel's key financial metrics?
Keppel has a market capitalization of $21.4B, trailing P/E ratio of 21.2, and revenue of $6.0B. The company maintains a gross margin of 28.7% and a net margin of 13.4%. Return on equity stands at 8.9%.
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.