Is Indonesia Energy Corp Ltd (INDO) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 1.0% / 30% | 5.4% / 30% | 1.1% / 30% | 13.22% / 5% | ✗ NOT HALAL |
| DJIM | 1.0% / 33% | 5.4% / 33% | 1.1% / 33% | 13.22% / 5% | ✗ NOT HALAL |
| MSCI | 4.0% / 33% | 20.9% / 33% | 4.1% / 33% | 13.22% / 5% | ✗ NOT HALAL |
| S&P | 1.0% / 33% | 5.4% / 33% | 1.1% / 33% | 13.22% / 5% | ✗ NOT HALAL |
| FTSE | 4.0% / 33% | 20.9% / 33% | 4.1% / 50% | 13.22% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | -20.1% | |
| Operating Margin | -226.4% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -40.4% | |
| Return on Assets (ROA) | -18.9% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$3M |
| Free Cash Flow | -$3M |
| Total Debt | $881,639 |
| Debt-to-Equity | 3.2 |
| Current Ratio | 6.4 |
| Total Assets | $22M |
Price & Trading
| Last Close | $3.93 |
| 50-Day MA | $4.36 |
| 200-Day MA | $3.36 |
| Avg Volume | 2.9M |
| Beta | -1.0 |
|
52-Week Range
$2.10
| |
About Indonesia Energy Corp Ltd (INDO)
Indonesia Energy Corporation Limited, together with its subsidiaries, operates as an oil and gas exploration and production company in Indonesia. Its principal assets include the Kruh Block, a producing block covering an area of 258 square kilometers located in the Pali, South Sumatra; and the Citarum Block, an exploration block covering approximately an area of 3,924.67 square kilometers located in the onshore of West Java. The company was incorporated in 2018 and is headquartered in Jakarta, Indonesia.
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Frequently Asked Questions
Is Indonesia Energy Corp Ltd (INDO) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Indonesia Energy Corp 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 Indonesia Energy Corp Ltd's debt ratio?
Indonesia Energy Corp Ltd's debt ratio is 1.0% 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 4.0%.
What are Indonesia Energy Corp Ltd's key financial metrics?
Indonesia Energy Corp Ltd has a market capitalization of $61M, and revenue of $3M. Return on equity stands at -40.4%.
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.