Is Indo Kordsa Tbk PT halal to invest in?

According to Musaffa's Shariah screening methodology, Indo Kordsa Tbk PT (BRAM.JK) is currently classified as HALAL as of July 2024. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is Indo Kordsa Tbk PT a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Indo Kordsa Tbk PT using these criteria to determine its compliance status.

Can Muslims buy shares of Indo Kordsa Tbk PT?

Muslim investors may consider investing in Indo Kordsa Tbk PT if it meets Shariah compliance standards. Investors typically review the company's business activities, debt levels, and non-permissible income before making a decision.

Why is Indo Kordsa Tbk PT classified as HALAL?

Musaffa determines the Shariah status of Indo Kordsa Tbk PT by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for Indo Kordsa Tbk PT updated?

The Shariah compliance status of Indo Kordsa Tbk PT may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Indo Kordsa Tbk PT become non-compliant?

Yes. A stock that is currently Shariah-compliant may become non-compliant if the company's financial ratios exceed Shariah thresholds or its business activities change.

Where can I check the Shariah status of Indo Kordsa Tbk PT?

You can check the latest Shariah compliance status of Indo Kordsa Tbk PT on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

BRAM.JK Shariah Compliance

Screening Methodology: AAOIFI

HALAL

Last Updated: July 26, 2024

Report Source: 2024 1st Quarter Report

Indo Kordsa Tbk PT. Stock Analysis BRAM.JK

Indonesia Consumer Discretionary Micro Cap Report: Q1, 2024

PT Indo Kordsa Tbk engages in the manufacture and marketing of tire cord, fabric, yarn, filaments, and raw materials of polyester. The company is headquartered in Bogor, Jawa Barat and currently employs 1,282 full-time employees. The firm operates in three segments, namely Tyre cord fabric, Nylon yarn, and Polyester yarn. The firm produces Nylon 66 and Polyester HMLS yarn for cord fabric production. The company processes Nylon 66 and Polyester HMLS yarn to produce cord fabric, which lends tires strength and flexibility. The company also produces the single-end cord of synthetic yarns such as nylon, polyester, aramid, rayon, and yarns containing natural fibers which are used in hoses, air springs, and V belts. The company sells its products to domestic and international markets. Its subsidiaries include PT Indo Kordsa Polyester (IKP), which is engaged in the polyester tire yarn industry, and Thai Indo Kordsa Co., Ltd. (TIK), which is engaged in the tire cord fabric industry.

Key Statistics of Indo Kordsa Tbk PT (BRAM.JK)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

Rp4,650.00Rp4,650.00

Today's Open

Rp4,520.00

Volume

100.00

P/E Ratio (TTM)

52 Week Range

Rp3,880.00Rp6,000.00

Market Cap

2.05T

Avg. Volume

1870.00

Dividend Yield

Financial Metrics & Statements of Indo Kordsa Tbk PT (BRAM.JK)

FAQ's for Indo Kordsa Tbk PT (BRAM.JK)

According to Musaffa’s Shariah screening methodology, Indo Kordsa Tbk PT (BRAM.JK) is currently classified as HALAL as of July 2024. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.