Is HIGHWAY HOLDINGS LTD (HIHO) Halal?
Shariah Screening — 5 Standards
Based on financial data from March 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 19.2% / 30% | 141.4% / 30% | 24.2% / 30% | 2.74% / 5% | ✗ NOT HALAL |
| DJIM | 19.2% / 33% | 141.4% / 33% | 24.2% / 33% | 2.74% / 5% | ✗ NOT HALAL |
| MSCI | 8.5% / 33% | 62.5% / 33% | 10.7% / 33% | 2.74% / 5% | ✗ NOT HALAL |
| S&P | 19.2% / 33% | 141.4% / 33% | 24.2% / 33% | 2.74% / 5% | ✗ NOT HALAL |
| FTSE | 8.5% / 33% | 62.5% / 33% | 10.7% / 50% | 2.74% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 26.6% | |
| Operating Margin | -42.4% | |
| Net Margin | -13.8% | |
| Return on Equity (ROE) | -12.3% | |
| Return on Assets (ROA) | -12.5% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$360,000 |
| Free Cash Flow | -$461,000 |
| Total Debt | $810,000 |
| Debt-to-Equity | 5.4 |
| Current Ratio | 4.3 |
| Total Assets | $10M |
Price & Trading
| Last Close | $0.78 |
| 50-Day MA | $0.92 |
| 200-Day MA | $1.38 |
| Avg Volume | 226K |
| Beta | 0.5 |
|
52-Week Range
$0.76
| |
About HIGHWAY HOLDINGS LTD (HIHO)
Highway Holdings Limited, together with its subsidiaries, manufactures and sells metal, plastic, electric, and electronic parts and components, subassemblies, and finished products in Hong Kong, China, Europe, and North America. The company operates through two segments, Metal Stamping and Mechanical Original Equipment Manufacturer (OEM), and Electric OEM. Its products are used in the manufacture of products, such as photocopiers, laser printers, print cartridges, electrical connectors, electrical circuits, vacuum cleaners, LED power supplies, stepping motors, pumps for dishwashers, and other washing machine components. The company also provides assistance in the design and development of the tooling used in the metal and plastic manufacturing process; manufacturing services, including metal stamping, screen printing, plastic injection molding, pad printing, and electronic assembly of printed circuit boards; and engineering services. In addition, it engages in the trade of plastic injection products; and manufacture and assembly of metal, plastics, mold and electronic products, and automation equipment. The company offers its products to OEMs and contract manufacturers. Highway Holdings Limited was incorporated in 1990 and is headquartered in Sheung Shui, Hong Kong.
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Frequently Asked Questions
Is HIGHWAY HOLDINGS LTD (HIHO) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), HIGHWAY HOLDINGS 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 HIGHWAY HOLDINGS LTD's debt ratio?
HIGHWAY HOLDINGS LTD's debt ratio is 19.2% 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 8.5%.
What are HIGHWAY HOLDINGS LTD's key financial metrics?
HIGHWAY HOLDINGS LTD has a market capitalization of $4M, and revenue of $7M. The company maintains a gross margin of 26.6% and a net margin of -13.8%. Return on equity stands at -12.3%.
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.