Is FORMULA SYSTEMS (1985) LTD (FORTY) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 32.8% / 30% | 28.7% / 30% | 43.0% / 30% | 0.58% / 5% | ✗ NOT HALAL |
| DJIM | 32.8% / 33% | 28.7% / 33% | 43.0% / 33% | 0.58% / 5% | ✗ NOT HALAL |
| MSCI | 21.4% / 33% | 18.7% / 33% | 28.0% / 33% | 0.58% / 5% | ✓ HALAL |
| S&P | 32.8% / 33% | 28.7% / 33% | 43.0% / 33% | 0.58% / 5% | ✗ NOT HALAL |
| FTSE | 21.4% / 33% | 18.7% / 33% | 28.0% / 50% | 0.58% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 19.8% | |
| Operating Margin | 5.9% | |
| Net Margin | 23.1% | |
| Return on Equity (ROE) | 6.9% | |
| Return on Assets (ROA) | 3.7% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $324M |
| Free Cash Flow | $295M |
| Total Debt | $644M |
| Debt-to-Equity | 32.9 |
| Current Ratio | 1.6 |
| Total Assets | $3.0B |
Price & Trading
| Last Close | $124.95 |
| 50-Day MA | $135.59 |
| 200-Day MA | $140.11 |
| Avg Volume | 216 |
| Beta | 0.2 |
|
52-Week Range
$82.52
| |
About FORMULA SYSTEMS (1985) LTD (FORTY)
Formula Systems (1985) Ltd., through its subsidiaries, provides proprietary and non-proprietary software solutions and information technologies (IT) professional services in Israel, the United States, Europe, Africa, Japan, and internationally. The company also offers software product marketing and support, computer infrastructure and integration solutions, and learning and integration. In addition, it provides IT software solutions and services, and consulting and management services; computer and communication infrastructure solutions; and software solutions, web world content management, database and data warehouse mining, application integration, database and systems, data management, and software development tools. Further, the company offers Sapiens software solutions, such as Sapiens CoreSuite and Sapiens IDITSuite for property and Casualty insurance; Sapiens Platform, Sapiens CoreSuite, Sapiens UnderwritingPro, Sapiens ApplicationPro, Sapiens IllustrationPro, and Sapiens ConsolidationMaster for life, pension, and annuities; Sapiens Digital Suite; Data and Analytics platform; and Sapiens ReinsuranceMaster, Sapiens ReinsurancePro, and Sapiens Reinsurance GO for reinsurance. Additionally, it provides Sapiens workers' compensation platform; Sapiens Medical Professional Liability solution; Sapiens FinancialPro, Sapiens Financial GO, Sapiens StatementPro, Sapiens CheckPro and Sapiens Reporting Tools for financial and compliance; Sapiens Decision platform; and technology-based solutions. The company also application development and business process integration platforms; vertical software solutions; cloud-based services; strategic consulting and outsourcing, and professional services, as well as cloud computing solutions; and sells and markets computers and peripheral equipment. The company was incorporated in 1985 and is headquartered in Or Yehuda, Israel.
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Frequently Asked Questions
Is FORMULA SYSTEMS (1985) LTD (FORTY) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), FORMULA SYSTEMS (1985) 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 FORMULA SYSTEMS (1985) LTD's debt ratio?
FORMULA SYSTEMS (1985) LTD's debt ratio is 32.8% 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 21.4%.
What are FORMULA SYSTEMS (1985) LTD's key financial metrics?
FORMULA SYSTEMS (1985) LTD has a market capitalization of $1.9B, trailing P/E ratio of 54.3, and revenue of $2.8B. The company maintains a gross margin of 19.8% and a net margin of 23.1%. Return on equity stands at 6.9%.
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.