Is Indo Tambangraya (ITMG) 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% | 2.13% / 5% | ✓ HALAL |
| DJIM | 0.0% / 33% | 0.0% / 33% | 0.0% / 33% | 2.13% / 5% | ✓ HALAL |
| MSCI | 3.7% / 33% | 33.6% / 33% | 6.5% / 33% | 2.13% / 5% | ✗ NOT HALAL |
| S&P | 0.0% / 33% | 0.0% / 33% | 0.0% / 33% | 2.13% / 5% | ✓ HALAL |
| FTSE | 3.7% / 33% | 33.6% / 33% | 6.5% / 50% | 2.13% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 27.0% | |
| Operating Margin | 15.3% | |
| Net Margin | 10.2% | |
| Return on Equity (ROE) | 10.1% | |
| Return on Assets (ROA) | 6.7% |
Cash Flow & Balance Sheet
| Free Cash Flow | $166M |
| Total Debt | $89M |
| Debt-to-Equity | 4.6 |
| Current Ratio | 3.8 |
| Total Assets | $2.4B |
Price & Trading
| Last Close | IDR 29,500.00 |
| 50-Day MA | IDR 24,348.00 |
| 200-Day MA | IDR 22,916.62 |
| Avg Volume | 2.8M |
| Beta | -0.4 |
|
52-Week Range
IDR 20,900.00
| |
About Indo Tambangraya (ITMG)
PT Indo Tambangraya Megah Tbk, together with its subsidiaries, engages in coal mining and energy activities. It produces thermal coal for used in coal-fired power plants; and is involved in coal trading, fuel trading, energy marketing, and electricity generation. The company also offers mining contractor services; and solar rooftop installations. It provides its products in China, Japan, India, Philippines, Taiwan, Bangladesh, Korea, Hong Kong, Thailand, Europe, Vietnam, and Malaysia. The company was founded in 1987 and is headquartered in South Jakarta, Indonesia. PT Indo Tambangraya Megah Tbk is a subsidiary of Banpu Minerals (Singapore) Pte. Ltd.
Purification Calculator
As a halal stock with 2.13% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is Indo Tambangraya (ITMG) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Indo Tambangraya 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 Indo Tambangraya's debt ratio?
Indo Tambangraya'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 3.7%.
Does Indo Tambangraya require dividend purification?
Yes, Indo Tambangraya has an impermissible income ratio of 2.13%, which means 2.13% 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 Indo Tambangraya's key financial metrics?
Indo Tambangraya has a market capitalization of $32.4T, trailing P/E ratio of 9.7, and revenue of $1.9B. The company maintains a gross margin of 27.0% and a net margin of 10.2%. Return on equity stands at 10.1%.
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.