Is FG Nexus Inc. (FGNX) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Asset Management | ✗ NOT HALAL | |||
| DJIM | Excluded — Asset Management | ✗ NOT HALAL | |||
| MSCI | Excluded — Asset Management | ✗ NOT HALAL | |||
| S&P | Excluded — Asset Management | ✗ NOT HALAL | |||
| FTSE | Excluded — Asset Management | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | -46.1% | |
| Operating Margin | 1692.0% | |
| Net Margin | -93.3% | |
| Return on Equity (ROE) | -7.7% | |
| Return on Assets (ROA) | -5.2% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$4M |
| Free Cash Flow | -$4M |
| Total Debt | $4M |
| Debt-to-Equity | 0.8 |
| Current Ratio | 19.8 |
| Total Assets | $109M |
Price & Trading
| Last Close | $6.30 |
| 50-Day MA | $9.32 |
| 200-Day MA | $40.15 |
| Avg Volume | 95K |
| Beta | 1.3 |
|
52-Week Range
$5.21
| |
About FG Nexus Inc. (FGNX)
FG Nexus Inc. operates as a holding company, provides digital assets, merchant banking, reinsurance and managed services. It offers merchant banking, which provides strategic, administrative, and regulatory support services to newly formed SPACs; and managed services, which offers remote network operating center support, on-site field service, content delivery, installation, and other services for cinema and entertainment operators. It also operates real estate and equity holdings. The company was formerly known as Fundamental Global Inc. and changed its name to FG Nexus Inc. in September 2025. FG Nexus Inc. was founded in 1932 and is based in Charlotte, North Carolina.
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Frequently Asked Questions
Is FG Nexus Inc. (FGNX) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), FG Nexus Inc. 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 FG Nexus Inc.'s debt ratio?
FG Nexus Inc.'s debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are FG Nexus Inc.'s key financial metrics?
FG Nexus Inc. has a market capitalization of $35M, and revenue of $17M. The company maintains a gross margin of -46.1% and a net margin of -93.3%. Return on equity stands at -7.7%.
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.