Is TMD Energy Ltd (TMDE) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 117.2% / 30% | 23.4% / 30% | 64.3% / 30% | 0.01% / 5% | ✗ NOT HALAL |
| DJIM | 117.2% / 33% | 23.4% / 33% | 64.3% / 33% | 0.01% / 5% | ✗ NOT HALAL |
| MSCI | 73.2% / 33% | 14.6% / 33% | 40.2% / 33% | 0.01% / 5% | ✗ NOT HALAL |
| S&P | 117.2% / 33% | 23.4% / 33% | 64.3% / 33% | 0.01% / 5% | ✗ NOT HALAL |
| FTSE | 73.2% / 33% | 14.6% / 33% | 40.2% / 50% | 0.01% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 2.4% | |
| Operating Margin | -0.7% | |
| Net Margin | -0.5% | |
| Return on Equity (ROE) | -17.5% | |
| Return on Assets (ROA) | 2.2% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$24M |
| Free Cash Flow | -$28M |
| Total Debt | $81M |
| Debt-to-Equity | 410.6 |
| Current Ratio | 0.9 |
| Total Assets | $110M |
Price & Trading
| Last Close | $1.34 |
| 50-Day MA | $1.22 |
| 200-Day MA | $0.98 |
| Avg Volume | 7.1M |
|
52-Week Range
$0.41
| |
About TMD Energy Ltd (TMDE)
TMD Energy Limited, an investment holding company, provides marine fuel bunkering services in Hong Kong, Malaysia, Indonesia, Singapore, and Vietnam. The company involved in marketing and supply of marine gas and fuel oil, including high sulfur fuel oil, low sulfur fuel oil, and very low sulfur fuel oil products to ships and vessels. It also provides vessel chartering and ship management services for in-house and external vessels; sale of cargo oil and fresh water; and general cleaning and disinfecting services. It operates with a fleet of 15 well-maintained bunkering vessels. TMD Energy Limited was incorporated in 2023 and is based in the Kuala Lumpur, Malaysia. TMD Energy Limited is a subsidiary of Straits Energy Resources Berhad.
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Frequently Asked Questions
Is TMD Energy Ltd (TMDE) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), TMD Energy Ltd 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 TMD Energy Ltd's debt ratio?
TMD Energy Ltd's debt ratio is 117.2% 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 73.2%.
What are TMD Energy Ltd's key financial metrics?
TMD Energy Ltd has a market capitalization of $32M, and revenue of $689M. The company maintains a gross margin of 2.4% and a net margin of -0.5%. Return on equity stands at -17.5%.
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.