Is Founder Group Ltd (FGL) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 1089.1% / 30% | 423.1% / 30% | 1666.5% / 30% | 0.11% / 5% | ✗ NOT HALAL |
| DJIM | 1089.1% / 33% | 423.1% / 33% | 1666.5% / 33% | 0.11% / 5% | ✗ NOT HALAL |
| MSCI | 31.3% / 33% | 12.2% / 33% | 47.9% / 33% | 0.11% / 5% | ✗ NOT HALAL |
| S&P | 1089.1% / 33% | 423.1% / 33% | 1666.5% / 33% | 0.11% / 5% | ✗ NOT HALAL |
| FTSE | 31.3% / 33% | 12.2% / 33% | 47.9% / 50% | 0.11% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 8.6% | |
| Operating Margin | -0.9% | |
| Net Margin | -4.7% | |
| Return on Equity (ROE) | -35.3% | |
| Return on Assets (ROA) | -3.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$6M |
| Free Cash Flow | -$7M |
| Total Debt | $36M |
| Debt-to-Equity | 367.4 |
| Current Ratio | 1.1 |
| Total Assets | $114M |
Price & Trading
| Last Close | $3.35 |
| 50-Day MA | $10.15 |
| 200-Day MA | $54.65 |
| Avg Volume | 149K |
|
52-Week Range
$2.30
| |
About Founder Group Ltd (FGL)
Founder Group Limited provides engineering, procurement, construction, and commissioning solutions (EPCC) for solar projects and commercial and industrial solar projects in Malaysia. It operates through two segments; Large-scale solar, and Commercial and Industrial. The company offers engineering and design services for solar PV array, including inverters, transformers, and interconnection to the power grid; procurement of construction materials and equipment for the solar PV facilities, including solar PV modules and balance of systems; and construction services, including civil, structural, mechanical, and electrical works, installation, integration of equipment, and interconnection to the power grid. It also provides commissioning, including testing of equipment and systems and testing of the installed solar PV facilities. In addition, the company engages in the installation, testing, and commissioning of photovoltaic modules, inverters, DC cables, and related works; supply of PV mounting structures; piling work; and operation and maintenance services. Founder Group Limited was founded in 2021 and is based in Klang, Malaysia.
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Frequently Asked Questions
Is Founder Group Ltd (FGL) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Founder Group 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 Founder Group Ltd's debt ratio?
Founder Group Ltd's debt ratio is 1089.1% 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 31.3%.
What are Founder Group Ltd's key financial metrics?
Founder Group Ltd has a market capitalization of $1M, and revenue of $90M. The company maintains a gross margin of 8.6% and a net margin of -4.7%. Return on equity stands at -35.3%.
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.