Is Forge Global Holdings, Inc. (FRGE) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Capital Markets | ✗ NOT HALAL | |||
| DJIM | Excluded — Capital Markets | ✗ NOT HALAL | |||
| MSCI | Excluded — Capital Markets | ✗ NOT HALAL | |||
| S&P | Excluded — Capital Markets | ✗ NOT HALAL | |||
| FTSE | Excluded — Capital Markets | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 99.0% | |
| Operating Margin | -95.5% | |
| Net Margin | -67.4% | |
| Return on Equity (ROE) | -28.2% | |
| Return on Assets (ROA) | -15.2% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$41M |
| Free Cash Flow | -$42M |
| Total Debt | $15M |
| Debt-to-Equity | 2.2 |
| Current Ratio | 2.5 |
| Total Assets | $264M |
Price & Trading
| Last Close | $44.81 |
| 50-Day MA | $44.66 |
| 200-Day MA | $29.16 |
| Avg Volume | 194K |
| Beta | 2.2 |
|
52-Week Range
$6.60
| |
About Forge Global Holdings, Inc. (FRGE)
Forge Global Holdings, Inc. operates a financial services platform in California. The company's platform solutions include marketplace solutions, a private market platform which is designed to connect buyers looking to invest in private companies and sellers of company shares and related products; private company solutions, a private company to deliver comprehensive, tailored solutions for their liquidity and capital formation; asset management solutions for fund creation and management, redemption of fund units, and secured cash management; and data solutions for derived data and indices. It also provides custody solutions for self-directed IRA accounts and custody-as-a-service. The company was founded in 2014 and is headquartered in San Francisco, California.
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Frequently Asked Questions
Is Forge Global Holdings, Inc. (FRGE) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Forge Global Holdings, 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 Forge Global Holdings, Inc.'s debt ratio?
Forge Global Holdings, 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 Forge Global Holdings, Inc.'s key financial metrics?
Forge Global Holdings, Inc. has a market capitalization of $623M, and revenue of $79M. The company maintains a gross margin of 99.0% and a net margin of -67.4%. Return on equity stands at -28.2%.
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.