Is ORGANIGRAM GLOBAL INC. (OGI) Halal?
Shariah Screening — 5 Standards
Based on financial data from September 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 4.4% / 30% | 14.6% / 30% | 32.6% / 30% | 8.96% / 5% | ✗ NOT HALAL |
| DJIM | 4.4% / 33% | 14.6% / 33% | 32.6% / 33% | 8.96% / 5% | ✗ NOT HALAL |
| MSCI | 1.6% / 33% | 5.2% / 33% | 11.5% / 33% | 8.96% / 5% | ✗ NOT HALAL |
| S&P | 4.4% / 33% | 14.6% / 33% | 32.6% / 33% | 8.96% / 5% | ✗ NOT HALAL |
| FTSE | 1.6% / 33% | 5.2% / 33% | 11.5% / 50% | 8.96% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 35.6% | |
| Operating Margin | -5.4% | |
| Net Margin | 6.5% | |
| Return on Equity (ROE) | 4.6% | |
| Return on Assets (ROA) | -1.5% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$8M |
| Free Cash Flow | -$25M |
| Total Debt | $9M |
| Debt-to-Equity | 2.0 |
| Current Ratio | 2.7 |
| Total Assets | $562M |
Price & Trading
| Last Close | $1.31 |
| 50-Day MA | $1.46 |
| 200-Day MA | $1.58 |
| Avg Volume | 777K |
| Beta | 1.9 |
|
52-Week Range
$0.85
| |
About ORGANIGRAM GLOBAL INC. (OGI)
Organigram Global Inc. engages in the production and sale of cannabis and cannabis-derived products in Canada. It offers medical cannabis products, including whole flower, milled flower, pre-rolls, infused pre-rolls, vapes, beverages, gummies, and concentrates; and adult use recreational cannabis under the SHRED, Big Bag O' Buds, Monjour, Trailblazer, SHRED'ems, Edison Cannabis Co., Boxhot, Edison JOLTS, Wola, Rizzlers, DEBUNK, Tremblant, and Laurentian brands. The company also engages in the wholesale shipping of cannabis plant cuttings and dried flowers to other licensed producers. It sells cannabis products to wholesale and retail channels in the recreational and medical cannabis regimes, as well as through online. Organigram Global Inc. was formerly known as Organigram Holdings Inc. and changed its name to Organigram Global Inc. in March 2025. The company is headquartered in Toronto, Canada.
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Frequently Asked Questions
Is ORGANIGRAM GLOBAL INC. (OGI) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), ORGANIGRAM GLOBAL INC. 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 ORGANIGRAM GLOBAL INC.'s debt ratio?
ORGANIGRAM GLOBAL INC.'s debt ratio is 4.4% 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 1.6%.
What are ORGANIGRAM GLOBAL INC.'s key financial metrics?
ORGANIGRAM GLOBAL INC. has a market capitalization of $181M, trailing P/E ratio of 11.9, and revenue of $259M. The company maintains a gross margin of 35.6% and a net margin of 6.5%. Return on equity stands at 4.6%.
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.