Is Phoenix Asia Holdings Ltd (PHOE) Halal?

NASDAQ Industrials Hong Kong $301M
✓ HALAL
Confidence: 95/100
Phoenix Asia Holdings Ltd (PHOE) is Halal under 3 of 5 Shariah screening standards, including AAOIFI Standard 21. With a debt ratio of just 0.0% against the AAOIFI threshold of 30%, Phoenix Asia Holdings Ltd comfortably passes the key financial ratio tests. The company operates in the Industrials sector (Engineering & Construction), which is not a prohibited industry under Islamic finance principles.

Shariah Screening — 5 Standards

Based on financial data from March 2025

Standard Debt Ratio Cash Ratio Receivables Income Status
AAOIFI 0.0%
/ 30%
0.7%
/ 30%
0.5%
/ 30%
0.0%
/ 5%
✓ HALAL
DJIM 0.0%
/ 33%
0.7%
/ 33%
0.5%
/ 33%
0.0%
/ 5%
✓ HALAL
MSCI 0.5%
/ 33%
44.3%
/ 33%
31.6%
/ 33%
0.0%
/ 5%
✗ NOT HALAL
S&P 0.0%
/ 33%
0.7%
/ 33%
0.5%
/ 33%
0.0%
/ 5%
✓ HALAL
FTSE 0.5%
/ 33%
44.3%
/ 33%
31.6%
/ 50%
0.0%
/ 5%
✗ NOT HALAL

Financial Highlights

P/E Ratio
278.9
EPS
$0.05
P/B Ratio
89.4
EV/EBITDA
225.0
EV: $299M
Revenue
$7M
Growth: 29.3%
Current Ratio
2.2

Profitability

Gross Margin 29.5%
Operating Margin 15.3%
Net Margin 13.9%
Return on Equity (ROE) 42.6%
Return on Assets (ROA) 17.9%

Cash Flow & Balance Sheet

Operating Cash Flow$1M
Free Cash Flow$1M
Total Debt$25,054
Debt-to-Equity0.8
Current Ratio2.2
Total Assets$5M

Price & Trading

Last Close$14.76
50-Day MA$17.31
200-Day MA$13.32
Avg Volume72K
52-Week Range
$2.31
$133.12

About Phoenix Asia Holdings Ltd (PHOE)

CEO
Mr. Chi Kin Yeung
Employees
21
Sector
Industrials
Industry
Engineering & Construction
Country
Hong Kong
Exchange
NASDAQ
Market Cap
$301M
Currency
USD

Phoenix Asia Holdings Limited provides substructure works services in Hong Kong. The company undertakes site formation, such as clearance of construction site, demolition of existing structures, and reduction and stabilization of existing slopes; ground investigation comprising of assessing ground condition by drilling and conducting tests; and foundation works, including excavation and lateral support works, pile caps construction, earth works, structural steel works, underground drainage works, and demolition works. It also provides construction services, such as structural steel works; and advisory and supervision services in substructure projects. Phoenix Asia Holdings Limited was incorporated in 2024 and is based in Kowloon Bay, Hong Kong. Phoenix Asia Holdings Limited is a subsidiary of Phoenix Prosperity Investment Limited.

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Frequently Asked Questions

Is Phoenix Asia Holdings Ltd (PHOE) halal to invest in?

Based on our screening using AAOIFI Standard 21 (the strictest methodology), Phoenix Asia Holdings Ltd is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.

What is Phoenix Asia Holdings Ltd's debt ratio?

Phoenix Asia Holdings Ltd's debt ratio is 0.0% 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 0.5%.

What are Phoenix Asia Holdings Ltd's key financial metrics?

Phoenix Asia Holdings Ltd has a market capitalization of $301M, trailing P/E ratio of 278.9, and revenue of $7M. The company maintains a gross margin of 29.5% and a net margin of 13.9%. Return on equity stands at 42.6%.

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.