Is Merdeka Copper Gold (MDKA) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 0.0% / 30% | 0.0% / 30% | 0.0% / 30% | 0.51% / 5% | ✓ HALAL |
| DJIM | 0.0% / 33% | 0.0% / 33% | 0.0% / 33% | 0.51% / 5% | ✓ HALAL |
| MSCI | 32.9% / 33% | 9.0% / 33% | 3.4% / 33% | 0.51% / 5% | ✓ HALAL |
| S&P | 0.0% / 33% | 0.0% / 33% | 0.0% / 33% | 0.51% / 5% | ✓ HALAL |
| FTSE | 32.9% / 33% | 9.0% / 33% | 3.4% / 50% | 0.51% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 12.1% | |
| Operating Margin | 9.9% | |
| Net Margin | -1.3% | |
| Return on Equity (ROE) | 1.5% | |
| Return on Assets (ROA) | 1.9% |
Cash Flow & Balance Sheet
| Free Cash Flow | -$272M |
| Total Debt | $1.7B |
| Debt-to-Equity | 67.0 |
| Current Ratio | 1.0 |
| Total Assets | $5.2B |
Price & Trading
| Last Close | IDR 3,240.00 |
| 50-Day MA | IDR 3,315.60 |
| 200-Day MA | IDR 2,576.38 |
| Avg Volume | 106.8M |
| Beta | 1.2 |
|
52-Week Range
IDR 1,040.00
| |
About Merdeka Copper Gold (MDKA)
PT Merdeka Copper Gold Tbk engages in the mining activities in Indonesia. It explores for gold, silver, copper, and other related minerals. The company holds interests in the Tujuh Bukit Copper project; Pani Gold project; Tujuh Bukit Gold project; Merdeka Battery Materials project; and Wetar Copper project. It is also involved in metal manufacturing and trading services business; mining and construction services business; own and lease real estate business; business consulting and business broker services business, as well as consulting management activities. The company was formerly known as PT Merdeka Sera and changed its name to PT Merdeka Copper Gold Tbk in December 2014. PT Merdeka Copper Gold Tbk was founded in 2012 and is headquartered in Jakarta, Indonesia.
Purification Calculator
As a halal stock with 0.51% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is Merdeka Copper Gold (MDKA) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Merdeka Copper Gold 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 Merdeka Copper Gold's debt ratio?
Merdeka Copper Gold'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 32.9%.
Does Merdeka Copper Gold require dividend purification?
Yes, Merdeka Copper Gold has an impermissible income ratio of 0.51%, which means 0.51% 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 Merdeka Copper Gold's key financial metrics?
Merdeka Copper Gold has a market capitalization of $78.9T, and revenue of $2.2B. The company maintains a gross margin of 12.1% and a net margin of -1.3%. Return on equity stands at 1.5%.
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.