Is Kandal M Venture Ltd (FMFC) Halal?
Shariah Screening — 5 Standards
Based on financial data from March 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 69.0% / 30% | 1.3% / 30% | 88.3% / 30% | 2.16% / 5% | ✗ NOT HALAL |
| DJIM | 69.0% / 33% | 1.3% / 33% | 88.3% / 33% | 2.16% / 5% | ✗ NOT HALAL |
| MSCI | 52.2% / 33% | 1.0% / 33% | 66.8% / 33% | 2.16% / 5% | ✗ NOT HALAL |
| S&P | 69.0% / 33% | 1.3% / 33% | 88.3% / 33% | 2.16% / 5% | ✗ NOT HALAL |
| FTSE | 52.2% / 33% | 1.0% / 33% | 66.8% / 50% | 2.16% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 16.5% | |
| Operating Margin | 2.4% | |
| Net Margin | -1.8% | |
| Return on Equity (ROE) | -6.2% | |
| Return on Assets (ROA) | -2.3% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $2M |
| Free Cash Flow | $2M |
| Total Debt | $5M |
| Debt-to-Equity | 1.6 |
| Current Ratio | 4.5 |
| Total Assets | $10M |
Price & Trading
| Last Close | $0.40 |
| 50-Day MA | $0.40 |
| 200-Day MA | $4.46 |
| Avg Volume | 2.3M |
|
52-Week Range
$0.25
| |
About Kandal M Venture Ltd (FMFC)
Kandal M Venture Limited, through its subsidiaries, manufactures, trades in, and sells handbags in the United States, Europe, Canada, Japan, and internationally. It offers shoulder bags, crossbody bags, tote bag, backpacks, top-handle handbags, and satchels; and other smaller leather goods, such as wallets. The company was founded in 2017 and is based in Ta Khmau, the Kingdom of Cambodia. Kandal M Venture Limited operates as a subsidiary of DMD Ventures Limited.
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Frequently Asked Questions
Is Kandal M Venture Ltd (FMFC) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Kandal M Venture 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 Kandal M Venture Ltd's debt ratio?
Kandal M Venture Ltd's debt ratio is 69.0% 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 52.2%.
What are Kandal M Venture Ltd's key financial metrics?
Kandal M Venture Ltd has a market capitalization of $7M, and revenue of $17M. The company maintains a gross margin of 16.5% and a net margin of -1.8%. Return on equity stands at -6.2%.
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.