Is INNEOVA Holdings Ltd (INEO) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 228.3% / 30% | 19.5% / 30% | 186.2% / 30% | 0.02% / 5% | ✗ NOT HALAL |
| DJIM | 228.3% / 33% | 19.5% / 33% | 186.2% / 33% | 0.02% / 5% | ✗ NOT HALAL |
| MSCI | 51.5% / 33% | 4.4% / 33% | 42.0% / 33% | 0.02% / 5% | ✗ NOT HALAL |
| S&P | 228.3% / 33% | 19.5% / 33% | 186.2% / 33% | 0.02% / 5% | ✗ NOT HALAL |
| FTSE | 51.5% / 33% | 4.4% / 33% | 42.0% / 50% | 0.02% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 18.1% | |
| Operating Margin | 3.6% | |
| Net Margin | -2.3% | |
| Return on Equity (ROE) | -20.2% | |
| Return on Assets (ROA) | 0.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $3M |
| Free Cash Flow | $2M |
| Total Debt | $20M |
| Debt-to-Equity | 204.2 |
| Current Ratio | 1.1 |
| Total Assets | $40M |
Price & Trading
| Last Close | $0.58 |
| 50-Day MA | $0.53 |
| 200-Day MA | $0.81 |
| Avg Volume | 146K |
|
52-Week Range
$0.44
| |
About INNEOVA Holdings Ltd (INEO)
INNEOVA Holdings Limited, through its subsidiaries, distributes and sells automotive and industrial spare parts in Singapore, the Middle East, and internationally. It operates in two segments, On-Highway Business and Off-Highway Business. The On-Highway Business segment supplies genuine original equipment manufacturer (OEM) and aftermarket parts, engine and chassis parts, wear and tear parts, body parts, and spare parts and lubricants for use in passenger and commercial vehicles. This segment serves resellers, such as distributors and dealers of automotive parts, retailers, workshops, end-users, and fleet owners. The Off-Highway Business segment supplies a range of filters, batteries, lubricants, components, and industrial spare parts for internal combustion engines for various sectors, including marine, energy, mining, construction, agriculture, and oil and gas. This segment serves distributors and dealers of industrial parts that are resold to workshops, industrial manufacturing facilities, shipyards, and heavy-duty transport fleet owners. The company also manufactures and distributes automotive spare parts and lubricants under the REV-1, VETTO, NUTEQ, GENTEQ, ELITO, SUNBLADE, FILTEQ, and ENERGEO brands. In addition, it offers its products through retail outlets. The company was formerly known as SAG Holdings Limited and changed its name to INNEOVA Holdings Limited in April 2025. The company was founded in 1970 and is headquartered in Singapore. INNEOVA Holdings Limited is a subsidiary of Soon Aik Global Pte Ltd.
Related Halal Stocks in Consumer Cyclical
Frequently Asked Questions
Is INNEOVA Holdings Ltd (INEO) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), INNEOVA 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 INNEOVA Holdings Ltd's debt ratio?
INNEOVA Holdings Ltd's debt ratio is 228.3% 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 51.5%.
What are INNEOVA Holdings Ltd's key financial metrics?
INNEOVA Holdings Ltd has a market capitalization of $9M, and revenue of $58M. The company maintains a gross margin of 18.1% and a net margin of -2.3%. Return on equity stands at -20.2%.
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.