Is Concorde International Group Ltd. (CIGL) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 13.9% / 30% | 2.1% / 30% | 9.2% / 30% | 0.37% / 5% | ✓ HALAL |
| DJIM | 13.9% / 33% | 2.1% / 33% | 9.2% / 33% | 0.37% / 5% | ✓ HALAL |
| MSCI | 63.3% / 33% | 9.7% / 33% | 42.1% / 33% | 0.37% / 5% | ✗ NOT HALAL |
| S&P | 13.9% / 33% | 2.1% / 33% | 9.2% / 33% | 0.37% / 5% | ✓ HALAL |
| FTSE | 63.3% / 33% | 9.7% / 33% | 42.1% / 50% | 0.37% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 36.5% | |
| Operating Margin | -48.0% | |
| Net Margin | -28.1% | |
| Return on Equity (ROE) | -91.5% | |
| Return on Assets (ROA) | -17.2% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$564,187 |
| Free Cash Flow | -$2M |
| Total Debt | $7M |
| Debt-to-Equity | 154.9 |
| Current Ratio | 1.3 |
| Total Assets | $10M |
Price & Trading
| Last Close | $1.84 |
| 50-Day MA | $1.93 |
| 200-Day MA | $3.26 |
| Avg Volume | 426K |
|
52-Week Range
$1.40
| |
About Concorde International Group Ltd. (CIGL)
Concorde International Group Ltd. provides security and safety solutions to commercial, financial, industrial, and government in Singapore. The company offers i-Guarding services that provides mobile monitoring and response vehicle that patrols a designated radius, covering numerous buildings or locations within a 24-hour period, as well as technologies, such as i-facility sprinter, visitor management systems, keys management systems, intelligent facility authenticators, security turnstile facilities, internet of things devices, and other smart security solutions. It also provides man-guarding services provides a vital layer of protection for various clients and properties; and guidance and training support to clients seeking to enhance security and safety knowledge domains. In addition, the company sells and installs closed-circuit cameras, turnstiles, gates, authenticators, and cables. Concorde International Group Ltd. was founded in 1997 and is based in Singapore.
Purification Calculator
As a halal stock with 0.37% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is Concorde International Group Ltd. (CIGL) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Concorde International Group 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 Concorde International Group Ltd.'s debt ratio?
Concorde International Group Ltd.'s debt ratio is 13.9% 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 63.3%.
Does Concorde International Group Ltd. require dividend purification?
Yes, Concorde International Group Ltd. has an impermissible income ratio of 0.37%, which means 0.37% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are Concorde International Group Ltd.'s key financial metrics?
Concorde International Group Ltd. has a market capitalization of $48M, and revenue of $10M. The company maintains a gross margin of 36.5% and a net margin of -28.1%. Return on equity stands at -91.5%.
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.