Is Communication Cable Systems Indonesia Tbk PT halal to invest in?

According to Musaffa's Shariah screening methodology, Communication Cable Systems Indonesia Tbk PT (CCSI.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 Communication Cable Systems Indonesia 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 Communication Cable Systems Indonesia Tbk PT using these criteria to determine its compliance status.

Can Muslims buy shares of Communication Cable Systems Indonesia Tbk PT?

Muslim investors may consider investing in Communication Cable Systems Indonesia 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 Communication Cable Systems Indonesia Tbk PT classified as HALAL?

Musaffa determines the Shariah status of Communication Cable Systems Indonesia 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 Communication Cable Systems Indonesia Tbk PT updated?

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

Can a halal stock like Communication Cable Systems Indonesia 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 Communication Cable Systems Indonesia Tbk PT?

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

CCSI.JK Shariah Compliance

Screening Methodology: AAOIFI

HALAL

Last Updated: July 29, 2024

Report Source: 2024 1st Quarter Report

Communication Cable Systems Indonesia Tbk PT. Stock Analysis CCSI.JK

Indonesia Communication Services Nano Cap Report: Q1, 2024

PT Communication Cable Systems Indonesia Tbk engages in the manufacture and selling of fiber optic cables. The company is headquartered in Jakarta Barat, Dki Jakarta and currently employs 149 full-time employees. The company went IPO on 2019-06-18. The firm produces a range of indoor and outdoor cables, submarine cables, and special capable cables. Its submarine cable is used for data transmission between islands and continents. Its outdoor cables are used for outdoor installation on poles and building walls. Indoor cables are used in office buildings, homes, and data centers. The company offers a tip-to-tip optical cable accessory. The company also produces high-density polyethylene (HDPE) subducts, microducts, HDPE pipes, and reinforced thermoplastic pipes (RTP) for the oil and gas industry. The firm also provides installation services for inland, seashore, and marine works and reparation and maintenance services when the fiber optic network is disconnected or damaged.

Key Statistics of Communication Cable Systems Indonesia Tbk PT (CCSI.JK)

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

Today's Range

Rp252.00Rp272.00

Today's Open

Rp252.00

Volume

196.70K

P/E Ratio (TTM)

239.57

52 Week Range

Rp210.00Rp450.00

Market Cap

414.18B

Avg. Volume

225.51K

Dividend Yield

Financial Metrics & Statements of Communication Cable Systems Indonesia Tbk PT (CCSI.JK)

FAQ's for Communication Cable Systems Indonesia Tbk PT (CCSI.JK)

According to Musaffa’s Shariah screening methodology, Communication Cable Systems Indonesia Tbk PT (CCSI.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.