Is Magic Empire Global Ltd (MEGL) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Capital Markets | ✗ NOT HALAL | |||
| DJIM | Excluded — Capital Markets | ✗ NOT HALAL | |||
| MSCI | Excluded — Capital Markets | ✗ NOT HALAL | |||
| S&P | Excluded — Capital Markets | ✗ NOT HALAL | |||
| FTSE | Excluded — Capital Markets | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 53.5% | |
| Operating Margin | -125.9% | |
| Net Margin | -97.4% | |
| Return on Equity (ROE) | -7.6% | |
| Return on Assets (ROA) | -7.4% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$5M |
| Free Cash Flow | -$5M |
| Total Debt | $4M |
| Debt-to-Equity | 3.1 |
| Current Ratio | 33.4 |
| Total Assets | $136M |
Price & Trading
| Last Close | $1.03 |
| 50-Day MA | $1.06 |
| 200-Day MA | $1.34 |
| Avg Volume | 24K |
| Beta | 2.9 |
|
52-Week Range
$0.87
| |
About Magic Empire Global Ltd (MEGL)
Magic Empire Global Limited provides corporate finance advisory services in Hong Kong. The company provides initial public offering sponsorship, financial and independent financial advisory, and post-listing compliance advisory. It also offers corporate services, which include accounting and financial reporting advisory, company secretarial services, internal control enhancement, investor relations advisory, and other consulting services. The company was incorporated in 2016 and is headquartered in Central, Hong Kong.
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Frequently Asked Questions
Is Magic Empire Global Ltd (MEGL) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Magic Empire Global 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 Magic Empire Global Ltd's debt ratio?
Magic Empire Global Ltd's debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are Magic Empire Global Ltd's key financial metrics?
Magic Empire Global Ltd has a market capitalization of $5M, and revenue of $13M. The company maintains a gross margin of 53.5% and a net margin of -97.4%. Return on equity stands at -7.6%.
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.