Is Fast Track Group (FTRK) Halal?
Shariah Screening — 5 Standards
Based on financial data from February 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 0.2% / 30% | 1.5% / 30% | 0.7% / 30% | 0.09% / 5% | ✓ HALAL |
| DJIM | 0.2% / 33% | 1.5% / 33% | 0.7% / 33% | 0.09% / 5% | ✓ HALAL |
| MSCI | 2.0% / 33% | 19.8% / 33% | 9.0% / 33% | 0.09% / 5% | ✓ HALAL |
| S&P | 0.2% / 33% | 1.5% / 33% | 0.7% / 33% | 0.09% / 5% | ✓ HALAL |
| FTSE | 2.0% / 33% | 19.8% / 33% | 9.0% / 50% | 0.09% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 27.9% | |
| Operating Margin | -166.7% | |
| Net Margin | -96.7% | |
| Return on Equity (ROE) | -29.5% | |
| Return on Assets (ROA) | -14.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $317,643 |
| Free Cash Flow | $316,000 |
| Total Debt | $19,789 |
| Debt-to-Equity | 0.0 |
| Current Ratio | 6.8 |
| Total Assets | $1M |
Price & Trading
| Last Close | $0.46 |
| 50-Day MA | $0.59 |
| 200-Day MA | $0.81 |
| Avg Volume | 77K |
|
52-Week Range
$0.29
| |
About Fast Track Group (FTRK)
Fast Track Group provides entertainment-focused event management and marketing services in Singapore, Malaysia, and Thailand. It operates in two segments, Live Entertainment and Agency. The Live Entertainment segment organizes and manages concerts and events. Its Agency segment provides agency services for artist endorsements, including artist broker and supply services; consultancy services; assistance with event management; and infrastructure and logistical support. The company also offers media planning, public relations management, technical production planning, celebrity sourcing, celebrity engagement consultancy, and event manpower support services. Fast Track Group was incorporated in 2012 and is headquartered in Singapore.
Purification Calculator
As a halal stock with 0.09% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is Fast Track Group (FTRK) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Fast Track Group 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 Fast Track Group's debt ratio?
Fast Track Group's debt ratio is 0.2% 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 2.0%.
Does Fast Track Group require dividend purification?
Yes, Fast Track Group has an impermissible income ratio of 0.09%, which means 0.09% 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 Fast Track Group's key financial metrics?
Fast Track Group has a market capitalization of $8M, and revenue of $751,340. The company maintains a gross margin of 27.9% and a net margin of -96.7%. Return on equity stands at -29.5%.
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.