Is SGX (S68) Halal?
Shariah Screening — 5 Standards
Based on financial data from June 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Financial Data & Stock Exchanges | ✗ NOT HALAL | |||
| DJIM | Excluded — Financial Data & Stock Exchanges | ✗ NOT HALAL | |||
| MSCI | Excluded — Financial Data & Stock Exchanges | ✗ NOT HALAL | |||
| S&P | Excluded — Financial Data & Stock Exchanges | ✗ NOT HALAL | |||
| FTSE | Excluded — Financial Data & Stock Exchanges | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 94.6% | |
| Operating Margin | 57.7% | |
| Net Margin | 45.7% | |
| Return on Equity (ROE) | 30.1% | |
| Return on Assets (ROA) | 12.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $842M |
| Free Cash Flow | $774M |
| Total Debt | $688M |
| Debt-to-Equity | 29.9 |
| Current Ratio | 2.0 |
| Total Assets | $4.1B |
Price & Trading
| Last Close | SGD 19.52 |
| 50-Day MA | SGD 18.18 |
| 200-Day MA | SGD 16.92 |
| Avg Volume | 2.9M |
| Beta | 0.3 |
|
52-Week Range
SGD 11.50
| |
About SGX (S68)
Singapore Exchange Limited, an investment holding, engages in the operation of integrated securities and derivatives exchange, related clearing houses, and an electricity market in Singapore. It operates through Fixed Income, Currencies and Commodities; Equities Cash; Equities Derivatives; and Platform and Others segments. The company offers treasury management; management and administrative services to related corporations; market data and technology connectivity services; fixed income issuer, derivatives and securities trading, clearing, securities settlement, and collateral and depository management services. It also provides various services associated with the platform businesses, including market data, connectivity, indices, and membership subscription. In addition, the company is involved in the provision and distribution of bulk freight market indices and information, index administration and related services, and operation of electronic foreign exchange (FX) trading solutions and platforms; operation of an electronic communication network; and provision of counterparty guarantee, depository, and related services for securities transactions. Further, it offers front-line regulatory function, management consultancy services of index activities, and FX pricing and risk solutions; membership services; financial services for dealing, trading, and clearing of financial instruments; and computer and software maintenance services, as well as administration services for index calculation, risk analyses, and financial research. Singapore Exchange Limited was incorporated in 1999 and is headquartered in Singapore.
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Frequently Asked Questions
Is SGX (S68) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), SGX 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 SGX's debt ratio?
SGX's debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are SGX's key financial metrics?
SGX has a market capitalization of $21.1B, trailing P/E ratio of 32.2, and revenue of $1.4B. The company maintains a gross margin of 94.6% and a net margin of 45.7%. Return on equity stands at 30.1%.
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.