Is High-Trend International Group (HTCO) Halal?
Shariah Screening — 5 Standards
Based on financial data from October 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 0.2% / 30% | 16.6% / 30% | 16.5% / 30% | 0.03% / 5% | ✓ HALAL |
| DJIM | 0.2% / 33% | 16.6% / 33% | 16.5% / 33% | 0.03% / 5% | ✓ HALAL |
| MSCI | 0.3% / 33% | 31.3% / 33% | 31.2% / 33% | 0.03% / 5% | ✓ HALAL |
| S&P | 0.2% / 33% | 16.6% / 33% | 16.5% / 33% | 0.03% / 5% | ✓ HALAL |
| FTSE | 0.3% / 33% | 31.3% / 33% | 31.2% / 50% | 0.03% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 3.2% | |
| Operating Margin | -6.5% | |
| Net Margin | -10.0% | |
| Return on Equity (ROE) | -188.5% | |
| Return on Assets (ROA) | -40.4% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $5M |
| Free Cash Flow | $5M |
| Total Debt | $104,129 |
| Debt-to-Equity | 0.8 |
| Current Ratio | 1.5 |
| Total Assets | $32M |
Price & Trading
| Last Close | $7.10 |
| 50-Day MA | $9.18 |
| 200-Day MA | $8.59 |
| Avg Volume | 45K |
| Beta | -0.5 |
|
52-Week Range
$4.55
| |
About High-Trend International Group (HTCO)
High-Trend International Group provides ocean transportation services in Singapore, Dubai, South Korea, Japan, India, and rest of Asia. The company offers shipping and logistics support services. It also provides seaborne transportation services under voyage contracts; vessel services on behalf of ship owners; and heating services. The company was formerly known as Caravelle International Group and changed its name to High-Trend International Group in January 2025. High-Trend International Group was founded in 2021 and is headquartered in Singapore.
Purification Calculator
As a halal stock with 0.03% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is High-Trend International Group (HTCO) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), High-Trend International 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 High-Trend International Group's debt ratio?
High-Trend International 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 0.3%.
Does High-Trend International Group require dividend purification?
Yes, High-Trend International Group has an impermissible income ratio of 0.03%, which means 0.03% 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 High-Trend International Group's key financial metrics?
High-Trend International Group has a market capitalization of $57M, and revenue of $214M. The company maintains a gross margin of 3.2% and a net margin of -10.0%. Return on equity stands at -188.5%.
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.