Is Tower Bersama (TBIG) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 91.0% / 30% | 4.2% / 30% | 5.4% / 30% | 0.47% / 5% | ✗ NOT HALAL |
| DJIM | 91.0% / 33% | 4.2% / 33% | 5.4% / 33% | 0.47% / 5% | ✗ NOT HALAL |
| MSCI | 67.6% / 33% | 3.1% / 33% | 4.0% / 33% | 0.47% / 5% | ✗ NOT HALAL |
| S&P | 91.0% / 33% | 4.2% / 33% | 5.4% / 33% | 0.47% / 5% | ✗ NOT HALAL |
| FTSE | 67.6% / 33% | 3.1% / 33% | 4.0% / 50% | 0.47% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 71.7% | |
| Operating Margin | 62.6% | |
| Net Margin | 18.9% | |
| Return on Equity (ROE) | 11.9% | |
| Return on Assets (ROA) | 6.0% |
Cash Flow & Balance Sheet
| Free Cash Flow | $2.6T |
| Total Debt | $32.0T |
| Debt-to-Equity | 286.8 |
| Current Ratio | 0.2 |
| Total Assets | $47.3T |
Price & Trading
| Last Close | IDR 1,640.00 |
| 50-Day MA | IDR 1,737.70 |
| 200-Day MA | IDR 1,944.35 |
| Avg Volume | 4.9M |
| Beta | -0.2 |
|
52-Week Range
IDR 1,410.00
| |
About Tower Bersama (TBIG)
PT Tower Bersama Infrastructure Tbk, together with its subsidiaries, engages in central telecommunications construction, telecommunications installations, and telecommunications activities with cables. The company operates through Tower, Repeater, Building, and Fiber Optic segments. It engages in central construction of communication; wholesale trade in telecommunications equipment; residential and industrial building construction; civil construction of roads, bridges, and underpasses; railway tunnel construction; and rental and lease of machinery. The company is also involved in the operation of electricity power supply installations; operation of owned or leased real estate; and repair of electric motors generators, transformers, and telecommunications installations. In addition, it offers data processing, hosting, and related services; internet service provider, data communication system, computer consultancy, and other computer facility management activities; cable telecommunications activities; and other private job training services. The company was formerly known as PT Banyan Mas. PT Tower Bersama Infrastructure Tbk was founded in 2004 and is based in Jakarta Selatan, Indonesia.
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Frequently Asked Questions
Is Tower Bersama (TBIG) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Tower Bersama 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 Tower Bersama's debt ratio?
Tower Bersama's debt ratio is 91.0% 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 67.6%.
What are Tower Bersama's key financial metrics?
Tower Bersama has a market capitalization of $36.6T, trailing P/E ratio of 28.1, and revenue of $6.9T. The company maintains a gross margin of 71.7% and a net margin of 18.9%. Return on equity stands at 11.9%.
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.