Is FGI Industries Ltd. (FGI) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 359.2% / 30% | 59.1% / 30% | 418.3% / 30% | 0.01% / 5% | ✗ NOT HALAL |
| DJIM | 359.2% / 33% | 59.1% / 33% | 418.3% / 33% | 0.01% / 5% | ✗ NOT HALAL |
| MSCI | 36.7% / 33% | 6.0% / 33% | 42.8% / 33% | 0.01% / 5% | ✗ NOT HALAL |
| S&P | 359.2% / 33% | 59.1% / 33% | 418.3% / 33% | 0.01% / 5% | ✗ NOT HALAL |
| FTSE | 36.7% / 33% | 6.0% / 33% | 42.8% / 50% | 0.01% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 26.4% | |
| Operating Margin | 1.0% | |
| Net Margin | -2.9% | |
| Return on Equity (ROE) | -22.3% | |
| Return on Assets (ROA) | -2.5% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$7M |
| Free Cash Flow | -$10M |
| Total Debt | $28M |
| Debt-to-Equity | 141.7 |
| Current Ratio | 1.2 |
| Total Assets | $75M |
Price & Trading
| Last Close | $3.63 |
| 50-Day MA | $5.22 |
| 200-Day MA | $5.13 |
| Avg Volume | 16K |
| Beta | 1.5 |
|
52-Week Range
$2.29
| |
About FGI Industries Ltd. (FGI)
FGI Industries ltd. supplies bath and kitchen products retail, wholesale, commercial and specialty channel customers in the United States, Canada, Europe, and internationally. The company offers sanitaryware products, such as toilets, sinks, pedestals, and toilet seats; wood and wood-substitute furniture for bathrooms, including vanities, mirrors, laundry, medicine cabinets, and other storage systems under the Foremost brand name. It also provides shower related products which include shower walls, doors, and basins under the Craft + Main and Jetcoat brand names; and customer kitchen cabinetry and other accessory items under the Covered Bridge Cabinetry and Craft + Main brand names, as well as products under the avenue, contrac, Jetcoat, and rosenberg brand names. It sells its products through home center retailers, online retailers, distributors, and independent dealers. The company was incorporated in 2021 and is headquartered in East Hanover, New Jersey. FGI Industries Ltd. is a subsidiary of Foremost Groups Ltd.
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Frequently Asked Questions
Is FGI Industries Ltd. (FGI) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), FGI Industries 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 FGI Industries Ltd.'s debt ratio?
FGI Industries Ltd.'s debt ratio is 359.2% 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 36.7%.
What are FGI Industries Ltd.'s key financial metrics?
FGI Industries Ltd. has a market capitalization of $7M, and revenue of $132M. The company maintains a gross margin of 26.4% and a net margin of -2.9%. Return on equity stands at -22.3%.
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.