Is New Century Logistics (BVI) Ltd (NCEW) Halal?
Shariah Screening — 5 Standards
Based on financial data from September 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 11.7% / 30% | 2.3% / 30% | 42.8% / 30% | 0.0% / 5% | ✗ NOT HALAL |
| DJIM | 11.7% / 33% | 2.3% / 33% | 42.8% / 33% | 0.0% / 5% | ✗ NOT HALAL |
| MSCI | 22.1% / 33% | 4.4% / 33% | 81.0% / 33% | 0.0% / 5% | ✗ NOT HALAL |
| S&P | 11.7% / 33% | 2.3% / 33% | 42.8% / 33% | 0.0% / 5% | ✗ NOT HALAL |
| FTSE | 22.1% / 33% | 4.4% / 33% | 81.0% / 50% | 0.0% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 0.4% | |
| Operating Margin | -39.8% | |
| Net Margin | -24.2% | |
| Return on Equity (ROE) | -187.6% | |
| Return on Assets (ROA) | -41.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$3M |
| Free Cash Flow | -$3M |
| Total Debt | $3M |
| Debt-to-Equity | 61.3 |
| Current Ratio | 1.5 |
| Total Assets | $15M |
Price & Trading
| Last Close | $11.12 |
| 50-Day MA | $8.32 |
| 200-Day MA | $6.17 |
| Avg Volume | 14K |
|
52-Week Range
$2.80
| |
About New Century Logistics (BVI) Ltd (NCEW)
New Century Logistics (BVI) Limited, through its subsidiaries, provides freight forwarding services in Hong Kong. The company offers air and ocean export and import freight forwarding services, including cargo space and pick up, off-airport air cargo security screening, palletization, preparation of shipping documentation, arrangement of customs clearance, and cargo handling at ports; and consultancy services. It is also involved in the provision of ancillary logistics services comprising warehousing and distribution services, such as storage, inventory management, stock take, access to warehousing management systems, pick and pack, labeling, and repackaging services, as well as loading and unloading services; X-ray; and gate charge services. New Century Logistics (BVI) Limited was founded in 2002 and is headquartered in Kwun Tong, Hong Kong.
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Frequently Asked Questions
Is New Century Logistics (BVI) Ltd (NCEW) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), New Century Logistics (BVI) 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 New Century Logistics (BVI) Ltd's debt ratio?
New Century Logistics (BVI) Ltd's debt ratio is 11.7% 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 22.1%.
What are New Century Logistics (BVI) Ltd's key financial metrics?
New Century Logistics (BVI) Ltd has a market capitalization of $37M, and revenue of $44M. The company maintains a gross margin of 0.4% and a net margin of -24.2%. Return on equity stands at -187.6%.
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.