Is Vale Indonesia (INCO) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 0.0% / 30% | 0.0% / 30% | 0.0% / 30% | 3.81% / 5% | ✓ HALAL |
| DJIM | 0.0% / 33% | 0.0% / 33% | 0.0% / 33% | 3.81% / 5% | ✓ HALAL |
| MSCI | 0.3% / 33% | 21.2% / 33% | 2.7% / 33% | 3.81% / 5% | ✓ HALAL |
| S&P | 0.0% / 33% | 0.0% / 33% | 0.0% / 33% | 3.81% / 5% | ✓ HALAL |
| FTSE | 0.3% / 33% | 21.2% / 33% | 2.7% / 50% | 3.81% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 11.2% | |
| Operating Margin | -0.7% | |
| Net Margin | 7.7% | |
| Return on Equity (ROE) | 2.8% | |
| Return on Assets (ROA) | 0.7% |
Cash Flow & Balance Sheet
| Free Cash Flow | -$251M |
| Total Debt | $3M |
| Debt-to-Equity | 0.1 |
| Current Ratio | 2.1 |
| Total Assets | $3.3B |
Price & Trading
| Last Close | IDR 5,600.00 |
| 50-Day MA | IDR 6,402.00 |
| 200-Day MA | IDR 4,690.00 |
| Avg Volume | 37.0M |
| Beta | 0.9 |
|
52-Week Range
IDR 1,825.00
| |
About Vale Indonesia (INCO)
PT Vale Indonesia Tbk, together with its subsidiaries, engages in the mining and processing of nickel in Indonesia. The company was formerly known as PT International Nickel Indonesia Tbk and changed its name to PT Vale Indonesia Tbk in September 2011. PT Vale Indonesia Tbk was incorporated in 1968 and is headquartered in Jakarta, Indonesia.
Purification Calculator
As a halal stock with 3.81% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is Vale Indonesia (INCO) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Vale Indonesia 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 Vale Indonesia's debt ratio?
Vale Indonesia's debt ratio is 0.0% 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 Vale Indonesia require dividend purification?
Yes, Vale Indonesia has an impermissible income ratio of 3.81%, which means 3.81% 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 Vale Indonesia's key financial metrics?
Vale Indonesia has a market capitalization of $56.4T, trailing P/E ratio of 42.6, and revenue of $990M. The company maintains a gross margin of 11.2% and a net margin of 7.7%. Return on equity stands at 2.8%.
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.