Is Millennium Group International Holdings Ltd (MGIH) Halal?
Shariah Screening — 5 Standards
Based on financial data from June 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 39.4% / 30% | 84.1% / 30% | 61.8% / 30% | 1.76% / 5% | ✗ NOT HALAL |
| DJIM | 39.4% / 33% | 84.1% / 33% | 61.8% / 33% | 1.76% / 5% | ✗ NOT HALAL |
| MSCI | 14.3% / 33% | 30.6% / 33% | 22.5% / 33% | 1.76% / 5% | ✓ HALAL |
| S&P | 39.4% / 33% | 84.1% / 33% | 61.8% / 33% | 1.76% / 5% | ✗ NOT HALAL |
| FTSE | 14.3% / 33% | 30.6% / 33% | 22.5% / 50% | 1.76% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 18.5% | |
| Operating Margin | -28.9% | |
| Net Margin | -24.9% | |
| Return on Equity (ROE) | -22.6% | |
| Return on Assets (ROA) | -9.4% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$4M |
| Free Cash Flow | -$7M |
| Total Debt | $6M |
| Debt-to-Equity | 26.2 |
| Current Ratio | 1.9 |
| Total Assets | $44M |
Price & Trading
| Last Close | $1.40 |
| 50-Day MA | $1.46 |
| 200-Day MA | $1.65 |
| Avg Volume | 31K |
| Beta | 0.9 |
|
52-Week Range
$1.11
| |
About Millennium Group International Holdings Ltd (MGIH)
Millennium Group International Holdings Limited, an investment holding company, provides paper-based packaging solutions in Mainland China, Hong Kong, Vietnam, rest of Southeast Asian countries, Australia, the United States, and internationally. It offers paper packaging products, including raw papers, kraft papers, cardboards, and carton papers or corrugated paperboards for footwear products, sportswear, cookware and kitchenware, smartphones, home electronics, food and beverage, paper and packaging, non-food-and-beverage-consumables, logistics, and e-commerce industries. The company also provides packaging products supply chain management solutions, and board games and various board game accessories; and book production services, such as cover design and interior layout, printing, and binding services. The company was founded in 1978 and is headquartered in Kwun Tong, Hong Kong. Millennium Group International Holdings Limited operates as a subsidiary of YC 1926 (BVI) Limited.
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Frequently Asked Questions
Is Millennium Group International Holdings Ltd (MGIH) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Millennium Group International 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 Millennium Group International Holdings Ltd's debt ratio?
Millennium Group International Holdings Ltd's debt ratio is 39.4% 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 14.3%.
What are Millennium Group International Holdings Ltd's key financial metrics?
Millennium Group International Holdings Ltd has a market capitalization of $15M, and revenue of $39M. The company maintains a gross margin of 18.5% and a net margin of -24.9%. Return on equity stands at -22.6%.
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.