Is MWG (MWG) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 196.7% / 30% | 29.7% / 30% | 149.0% / 30% | 0.71% / 5% | ✗ NOT HALAL |
| DJIM | 196.7% / 33% | 29.7% / 33% | 149.0% / 33% | 0.71% / 5% | ✗ NOT HALAL |
| MSCI | 31.5% / 33% | 4.8% / 33% | 23.9% / 33% | 0.71% / 5% | ✓ HALAL |
| S&P | 196.7% / 33% | 29.7% / 33% | 149.0% / 33% | 0.71% / 5% | ✗ NOT HALAL |
| FTSE | 31.5% / 33% | 4.8% / 33% | 23.9% / 50% | 0.71% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 26.4% | |
| Operating Margin | 6.4% | |
| Net Margin | -4.7% | |
| Return on Equity (ROE) | -9.4% | |
| Return on Assets (ROA) | -0.5% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$13M |
| Free Cash Flow | -$14M |
| Total Debt | $22M |
| Debt-to-Equity | 152.2 |
| Current Ratio | 1.5 |
| Total Assets | $70M |
Price & Trading
| Last Close | $1.86 |
| 50-Day MA | $2.18 |
| 200-Day MA | $2.58 |
| Avg Volume | 561K |
| Beta | 1.1 |
|
52-Week Range
$1.41
| |
About MWG (MWG)
Multi Ways Holdings Limited engages in the sale and rental of heavy construction equipment in Singapore, Canada, Australia, and internationally. It supplies and rents new and used heavy construction equipment in the infrastructure, building construction, mining, offshore and marine, and oil and gas industries. The company offers earth-moving equipment, such as bulldozers, off-terrain dump trucks, excavators, and wheel loaders; material-handling equipment, including crawler cranes, rough terrain cranes, scissor lifts, forklifts, boom-lifts, and telescopic handlers; road-building equipment comprising motor graders, vibrating compactors, asphalt finishers, skid loaders, backhoe loaders, hand rollers, and mini excavators; and air compressors, generators, lighting towers, and welding machines. The company was founded in 1988 and is based in Singapore. Multi Ways Holdings Limited is a subsidiary of MWE Investments Limited.
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Frequently Asked Questions
Is MWG (MWG) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), MWG 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 MWG's debt ratio?
MWG's debt ratio is 196.7% 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 31.5%.
What are MWG's key financial metrics?
MWG has a market capitalization of $9M, and revenue of $31M. The company maintains a gross margin of 26.4% and a net margin of -4.7%. Return on equity stands at -9.4%.
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.