Is Hang Feng Technology Innovation Co., Ltd. (FOFO) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 0.0% / 30% | 10.7% / 30% | 12.9% / 30% | 0.08% / 5% | ✓ HALAL |
| DJIM | 0.0% / 33% | 10.7% / 33% | 12.9% / 33% | 0.08% / 5% | ✓ HALAL |
| MSCI | 0.0% / 33% | 41.0% / 33% | 49.4% / 33% | 0.08% / 5% | ✗ NOT HALAL |
| S&P | 0.0% / 33% | 10.7% / 33% | 12.9% / 33% | 0.08% / 5% | ✓ HALAL |
| FTSE | 0.0% / 33% | 41.0% / 33% | 49.4% / 50% | 0.08% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 77.1% | |
| Operating Margin | 36.1% | |
| Net Margin | 54.3% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $1M |
| Free Cash Flow | $1M |
| Current Ratio | 18.2 |
| Total Assets | $6M |
Price & Trading
| Last Close | $4.00 |
| 50-Day MA | $4.68 |
| 200-Day MA | $9.97 |
| Avg Volume | 47K |
|
52-Week Range
$2.86
| |
About Hang Feng Technology Innovation Co., Ltd. (FOFO)
Hang Feng Technology Innovation Co., Ltd. provides corporate management consulting and asset management services to address the specific needs of clients. The company's Corporate Management Consulting Services segment offers strategic insights and recommendations to drive business growth, delivering performance management reports, advising on key performance indicators, and how to measure and optimize performance effectively; and regulatory and compliance consulting services, assisting to mitigate compliance risks and adopt practices for corporate governance, and ensuring compliance during company setup and maintaining statutory records to uphold proper corporate governance. Its Asset Management Services segment provides fund subscription, fund management, and receive subscription and management services. The company was incorporated in 2024 and is headquartered in Central, Hong Kong. Hang Feng Technology Innovation Co., Ltd. is a subsidiary of Hang Feng International Holdings Co., Limited.
Purification Calculator
As a halal stock with 0.08% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is Hang Feng Technology Innovation Co., Ltd. (FOFO) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Hang Feng Technology Innovation Co., 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 Hang Feng Technology Innovation Co., Ltd.'s debt ratio?
Hang Feng Technology Innovation Co., Ltd.'s debt ratio is 0.0% 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 0.0%.
Does Hang Feng Technology Innovation Co., Ltd. require dividend purification?
Yes, Hang Feng Technology Innovation Co., Ltd. has an impermissible income ratio of 0.08%, which means 0.08% 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 Hang Feng Technology Innovation Co., Ltd.'s key financial metrics?
Hang Feng Technology Innovation Co., Ltd. has a market capitalization of $27M, trailing P/E ratio of 17.8, and revenue of $2M. The company maintains a gross margin of 77.1% and a net margin of 54.3%.
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.