Is Heritage Global Inc. (HGBL) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| 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 | 60.9% | |
| Operating Margin | 7.3% | |
| Net Margin | 7.0% | |
| Return on Equity (ROE) | 5.4% | |
| Return on Assets (ROA) | 4.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $6M |
| Free Cash Flow | -$2M |
| Total Debt | $6M |
| Debt-to-Equity | 8.5 |
| Current Ratio | 2.2 |
| Total Assets | $88M |
Price & Trading
| Last Close | $1.35 |
| 50-Day MA | $1.32 |
| 200-Day MA | $1.61 |
| Avg Volume | 318K |
| Beta | 0.6 |
|
52-Week Range
$1.13
| |
About Heritage Global Inc. (HGBL)
Heritage Global Inc., together with its subsidiaries, operates as an asset services company with focus on financial and industrial asset transactions in the United States. It operates through three segments: Auction and Liquidation, Refurbishment and Resale, Brokerage, and Specialty Lending. The company offers a suite of market making, acquisitions, refurbishment, dispositions, valuations, and secured lending services. It is also involved in identifying, valuing, acquiring, and monetizing underlying tangible assets. In addition, the company acts as an adviser, as well as a principal, acquiring, or brokering manufacturing facilities; surplus industrial machinery and equipment; industrial inventories; and charged-off receivable portfolios. The company was formerly known as Counsel RB Capital Inc. and changed its name to Heritage Global, Inc. in August 2013. Heritage Global, Inc. was founded in 1937 and is headquartered in San Diego, California.
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Frequently Asked Questions
Is Heritage Global Inc. (HGBL) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Heritage Global 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 Heritage Global Inc.'s debt ratio?
Heritage Global 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 Heritage Global Inc.'s key financial metrics?
Heritage Global Inc. has a market capitalization of $47M, trailing P/E ratio of 13.6, and revenue of $51M. The company maintains a gross margin of 60.9% and a net margin of 7.0%. Return on equity stands at 5.4%.
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.