Is Bukit Asam (PTBA) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 6.6% / 30% | 14.0% / 30% | 14.7% / 30% | 0.59% / 5% | ✓ HALAL |
| DJIM | 6.6% / 33% | 14.0% / 33% | 14.7% / 33% | 0.59% / 5% | ✓ HALAL |
| MSCI | 5.4% / 33% | 11.5% / 33% | 12.0% / 33% | 0.59% / 5% | ✓ HALAL |
| S&P | 6.6% / 33% | 14.0% / 33% | 14.7% / 33% | 0.59% / 5% | ✓ HALAL |
| FTSE | 5.4% / 33% | 11.5% / 33% | 12.0% / 50% | 0.59% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 14.9% | |
| Operating Margin | 7.4% | |
| Net Margin | 7.5% | |
| Return on Equity (ROE) | 16.0% | |
| Return on Assets (ROA) | 5.0% |
Cash Flow & Balance Sheet
| Free Cash Flow | $3.8T |
| Total Debt | $2.3T |
| Debt-to-Equity | 19.6 |
| Current Ratio | 1.0 |
| Total Assets | $41.8T |
Price & Trading
| Last Close | IDR 3,130.00 |
| 50-Day MA | IDR 2,709.80 |
| 200-Day MA | IDR 2,467.55 |
| Avg Volume | 30.5M |
| Beta | -0.2 |
|
52-Week Range
IDR 2,170.00
| |
About Bukit Asam (PTBA)
PT Bukit Asam (Persero) Tbk, together with its subsidiaries, engages in coal mining activities in Indonesia. Its coal mining activities include general surveying, exploration, exploitation, processing, refining, transportation, and trading. It maintains special coal port facilities; operates steam power plants; and engages in the mining of coal methane gas. The company also offers briquette processing, mining services, palm plantation and processing, and health services, as well as real estate and construction services. In addition, it engages in the hospital clinic and polyclinic; rental; port; and trade, services, workshop, development, industry, and transportation businesses. It also operates in India, South Korea, China, Japan, Italy, Thailand, Cambodia, Taiwan, Malaysia, the Philippines, Vietnam, and Hong Kong. The company was formerly known as PT Bukit Asam Tbk and was changed to PT Bukit Asam (Persero) Tbk in February 2026. PT Bukit Asam (Persero) Tbk was founded in 1876 and is based in Tanjung Enim Selatan, Indonesia. PT Bukit Asam (Persero) Tbk operates as a subsidiary of PT Mineral Industri Indonesia (Persero).
Purification Calculator
As a halal stock with 0.59% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is Bukit Asam (PTBA) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Bukit Asam 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 Bukit Asam's debt ratio?
Bukit Asam's debt ratio is 6.6% 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 5.4%.
Does Bukit Asam require dividend purification?
Yes, Bukit Asam has an impermissible income ratio of 0.59%, which means 0.59% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are Bukit Asam's key financial metrics?
Bukit Asam has a market capitalization of $35.7T, trailing P/E ratio of 10.9, and revenue of $42.8T. The company maintains a gross margin of 14.9% and a net margin of 7.5%. Return on equity stands at 16.0%.
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.