Is Megan Holdings Ltd. (MGN) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 1.0% / 30% | 46.7% / 30% | 70.4% / 30% | 0.03% / 5% | ✗ NOT HALAL |
| DJIM | 1.0% / 33% | 46.7% / 33% | 70.4% / 33% | 0.03% / 5% | ✗ NOT HALAL |
| MSCI | 0.7% / 33% | 31.6% / 33% | 47.6% / 33% | 0.03% / 5% | ✗ NOT HALAL |
| S&P | 1.0% / 33% | 46.7% / 33% | 70.4% / 33% | 0.03% / 5% | ✗ NOT HALAL |
| FTSE | 0.7% / 33% | 31.6% / 33% | 47.6% / 50% | 0.03% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 20.3% | |
| Operating Margin | 21.1% | |
| Net Margin | 8.7% | |
| Return on Equity (ROE) | 11.4% | |
| Return on Assets (ROA) | 4.7% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $5M |
| Free Cash Flow | $5M |
| Total Debt | $504,977 |
| Debt-to-Equity | 10.6 |
| Current Ratio | 1.5 |
| Total Assets | $72M |
Price & Trading
| Last Close | $0.28 |
| 50-Day MA | $2.36 |
| 200-Day MA | $2.18 |
| Avg Volume | 478K |
|
52-Week Range
$0.17
| |
About Megan Holdings Ltd. (MGN)
Megan Holdings Limited engages in the development, construction, maintenance, and upgrade of aquaculture and agriculture farms, and related works in Malaysia. It operates through Aquaculture and Agriculture, Industrial Solutions, and Investment in Marketable Securities segments. The company also supplies and installs smart industrial technologies and solutions; and rents out machinery for aquaculture and agriculture. In addition, it is involved in investment activities, which include the holding and trading in marketable financial instruments. The company was founded in 2020 and is headquartered in Kuala Lumpur, Malaysia. Megan Holdings Limited is a subsidiary of Star Sprite Limited.
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Frequently Asked Questions
Is Megan Holdings Ltd. (MGN) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Megan 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 Megan Holdings Ltd.'s debt ratio?
Megan Holdings Ltd.'s debt ratio is 1.0% 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 0.7%.
What are Megan Holdings Ltd.'s key financial metrics?
Megan Holdings Ltd. has a market capitalization of $6M, trailing P/E ratio of 2.8, and revenue of $60M. The company maintains a gross margin of 20.3% and a net margin of 8.7%. Return on equity stands at 11.4%.
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.