Is Freedom Holding Corp. (FRHC) Halal?
Shariah Screening — 5 Standards
Based on financial data from March 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Financial Conglomerates | ✗ NOT HALAL | |||
| DJIM | Excluded — Financial Conglomerates | ✗ NOT HALAL | |||
| MSCI | Excluded — Financial Conglomerates | ✗ NOT HALAL | |||
| S&P | Excluded — Financial Conglomerates | ✗ NOT HALAL | |||
| FTSE | Excluded — Financial Conglomerates | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 77.8% | |
| Operating Margin | 10.6% | |
| Net Margin | 0.2% | |
| Return on Equity (ROE) | 0.2% | |
| Return on Assets (ROA) | 0.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $1.7B |
| Free Cash Flow | $1.6B |
| Total Debt | $2.0B |
| Debt-to-Equity | 155.9 |
| Current Ratio | 1.2 |
| Total Assets | $9.9B |
Price & Trading
| Last Close | $143.18 |
| 50-Day MA | $127.03 |
| 200-Day MA | $147.49 |
| Avg Volume | 113K |
| Beta | 0.9 |
|
52-Week Range
$107.97
| |
About Freedom Holding Corp. (FRHC)
Freedom Holding Corp., through its subsidiaries, provides securities brokerage, securities dealing, market making, investment research, investment counseling, retail and commercial banking, and insurance products. It offers retail brokerage services for exchange-traded and over-the-counter corporate equity and debt securities, money market instruments, exchange traded options and futures contracts, government bonds, and mutual funds; securities trading; underwriting services; margin lending services collateralized by securities and cash in the customer's account; various investment education and training courses; investment research services; and commercial banking services, including payment cards, digital mortgages, and digital business and digital auto loans, as well as Freedom Box, a package of payment acquiring services. The company also provides capital raising solutions for corporate clients through initial public offerings and follow-on offerings; and debt capital markets solutions that focuses on structuring and distributing private and public debt for various purposes, including buyouts, acquisitions, growth capital financings, and recapitalizations, as well as information processing services. In addition, it facilitates repurchase and reverse repurchase agreements in proprietary trading activities; and covers short positions and settle other securities obligations to accommodate customers' needs and finance its inventory positions. Further, the company offers proprietary trading and investment services; and Tradernet software platform for client margin risk evaluation and middle office security transfer requests. It operates in Kazakhstan, Armenia, Cyprus, the United States, and internationally. The company was formerly known as BMB Munai, Inc. Freedom Holding Corp. is based in New York, New York.
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Frequently Asked Questions
Is Freedom Holding Corp. (FRHC) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Freedom Holding Corp. 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 Freedom Holding Corp.'s debt ratio?
Freedom Holding Corp.'s debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are Freedom Holding Corp.'s key financial metrics?
Freedom Holding Corp. has a market capitalization of $8.6B, trailing P/E ratio of 14119.0, and revenue of $2.0B. The company maintains a gross margin of 77.8% and a net margin of 0.2%. Return on equity stands at 0.2%.
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.